200 N Mariposa, a 6-unit value-add investment offering centrally located in the heart of East Hollywood. It is centrally located just minutes away from Larchmont Village, Paramount Studios, Los Angeles City College & MacArthur Park. This HIGH Proforma CAP Rate and Value-Add investment offering provides investors an excellent opportunity to buy in a very strong rental submarket with strong demand. Built in 1961, the property is a garden style two-story bread and butter apartment. It consists of 6 units totaling 4,922 SF of living area on a sizeable 6,006 SF lot. The property is strategically situated on the northeast corner of Mariposa Ave and Council St, and a block south of Beverly Blvd. This high-density location provides strong and consistent demand for rental units. The lot is zoned LAR3, and the buyer may be able to convert the 4 car garages into ADUs (buyer to verify). Each unit is spacious with an estimated size of 820sf/unit (buyer to verify), and the community is fully occupied with mostly long-time tenants that are on month-to-month lease. Rent comparable shows current rental income is ±34% below market (buyer to verify). Several units have private patio/balcony. The property offers 10 parking spaces through 4 car garage + 2 open space in the back and 4 tandem spaces in front of the garages (buyer to verify). It is individually metered for electricity and gas and has a security fence/gate. It has a shared laundry room (seller own machines).