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724 S Mariposa Avenue
USD 5,000,000
Property ID: 24448161
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724 S Mariposa Avenue ,90005
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icon 8087 SqFt
icon Built in 1930
icon USD 618/SqFt
icon 40 Beds
icon 40 Full
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Location Street View
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Interior Details
Bedrooms
40
Bathrooms
40
Interior Size
24200
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1930
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Detailed Introduction Of This Home
We are pleased to present for sale, The Ambassador Apartments, located at 724 S. Mariposa Ave. This prime Koreatown location is just south of Wilshire BLVD and east of Normandie Ave, offering easy access to the Wilshire/Normandie Metro Station, restaurants, shopping, and entertainment. Ambassador Apartments features 40 units with eight Bachelors, twenty-four Studios, and eight 1 Bedroom/ 1 Bath units. The property has a subterranean parking garage with 20 individual parking spaces. Utilities are master metered for both gas and electric, with one central water heater. The roof was completely replaced, down to the plywood, in 2020. Ambassador Apartments was built in 1930 and is brick construction. This is a great opportunity to acquire Ambassador Apartments with an in-place Cap Rate of 6.40% and a 8.05 GRM, with upside to a 8.35% Cap Rate and a 7.09 GRM. The price per unit is $125,000 per unit and $206 per square foot.
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Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
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Contact Development/Agent
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Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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Photos (15)
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724 S Mariposa Avenue
USD 5,000,000 40 Beds
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