1147 S Mariposa Avenue, Los Angeles, California 90006, Los Angeles, 90006 - 4 bed, 4 bath
ACTIVE$880,000
1147 S Mariposa Avenue, Los Angeles, California 90006
4Beds
4Baths
1,913Sqft
5,905Lot
Year Built
1902
Close
-
List price
$880K
Original List price
$880K
Price/Sqft
$460
HOA
-
Days on market
-
Sold On
-
MLS number
25532399
Home ConditionPoor
Features
Patio
View-
About this home
Possibly Over-Priced:The estimated price is 45% below the list price. We found 3 Cons,5 Pros. Rank: price - $880.0K(60th), sqft - 1913(50th), beds - 4(50th), baths - 4(80th).
The subject property is currently used as a Single-Family Residence (SFR), but LA County records indicate it is classified as a triplex. All units are vacant. Therefore, neither the seller nor the seller's agent can guarantee or warrant any aspect of the property. The buyer is strongly advised to conduct their own thorough investigation and due diligence regarding all aspects of the property.
Nearby schools
/10
Mariposa-Nabi Primary Center
Public,•K-2•0.2mi
3/10
Los Angeles Elementary School
Public,•K-5•0.3mi
3/10
Hobart Boulevard Elementary School
Public,•K-5•0.4mi
3/10
Rfk Community Schools - Ambassador School - Global Education
Public,•K-5•0.6mi
3/10
Leo Politi Elementary School
Public,•K-5•0.7mi
3/10
Magnolia Avenue Elementary School
Public,•K-6•0.7mi
8/10
Hoover Street Elementary School
Public,•K-5•1.0mi
2/10
Twenty-Fourth Street Elementary School
Public,•K-5•1.2mi
3/10
Macarthur Park Elementary School For The Visual And Performing Arts
Public,•K-5•1.3mi
6/10
Carson-Gore Academy Of Enviornmental Studies
Public,•K-5•1.3mi
5/10
Vermont Avenue Elementary School
Public,•K-5•1.3mi
2/10
Tenth Street Elementary School
Public,•K-5•1.5mi
4/10
Norwood Street Elementary School
Public,•K-5•1.5mi
3/10
Berendo Middle School
Public,•6-8•0.3mi
5/10
Pio Pico Middle School
Public,•6-8•1.1mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•1.7mi
3/10
John H. Liechty Middle School
Public,•6-8•1.7mi
4/10
John Adams Middle School
Public,•6-8•2.4mi
3/10
Rfk Community Schools-Ambassador-Global Leadership
Public,•6-12•0.7mi
4/10
Rfk Community Schools-Los Angeles High School Of The Arts
Public,•9-12•0.7mi
5/10
Rfk Community Schools- For The Visual Arts And Humanities
Public,•9-12•0.7mi
4/10
West Adams Preparatory High School
Public,•9-12•0.9mi
5/10
Foshay Learning Center
Public,•K-12•2.1mi
3/10
Belmont Senior High School
Public,•9-12•2.2mi
5/10
Santee Education Complex
Public,•9-12•2.6mi
3/10
Nava College Preparatory Academy
Public,•9-12•3.9mi
Price History
Date
Event
Price
03/01/17
Sold
$723,000
06/22/12
Sold
$465,000
08/13/02
Sold
$345,000
05/07/97
Sold
$168,000
Condition Rating
Poor
Built in 1902, this property is explicitly listed 'as-is' with no guarantees, and the description highlights 'significant age & potential for extensive repairs' in major systems. While some cosmetic updates like laminate flooring and a few newer appliances are present, the kitchens and bathrooms are very basic, dated, and show wear, requiring full renovation. The property lacks central HVAC, relying on wall heaters and mini-split units. Overall, it requires substantial rehabilitation and modernization to address its age and bring it to current standards, aligning with a 'poor' condition score.
Pros & Cons
Pros
Triplex Potential: LA County records classify the property as a triplex, offering significant income-generating potential for an investor or owner-occupant, despite its current use as a Single-Family Residence.
Vacant Units: All units are vacant, providing immediate flexibility for renovation, re-tenanting, or conversion without the complexities and costs associated with tenant relocation.
Value-Add Opportunity: The discrepancy between current SFR use and triplex classification, combined with vacant units, presents a substantial opportunity for a savvy investor to maximize property value through conversion or renovation.
Prime Los Angeles Location: Situated in Los Angeles, specifically the Mid-Wilshire area, a desirable urban location known for its potential for appreciation and strong rental demand.
Historic Charm: Built in 1902, the property possesses historical character that can be appealing to certain buyers looking for a unique aesthetic and a piece of Los Angeles history.
Cons
As-Is Sale & Lack of Guarantees: The property is explicitly sold 'as-is' with no guarantees or warranties from the seller or agent, placing full responsibility for thorough due diligence and all potential repairs on the buyer.
Significant Age & Potential for Extensive Repairs: Built in 1902, the property is very old and likely requires substantial investment in major systems (e.g., plumbing, electrical, roof, foundation) and general modernization to meet current standards and tenant expectations.
Overpriced Relative to Estimation: The list price of $880,000 is considerably higher than the estimated value of $482,004, suggesting it may be significantly overpriced, especially if the estimation reflects its current SFR use rather than its triplex potential.