201 N Mariposa Avenue, Los Angeles, California 90004, Los Angeles, 90004 - bed, bath

201 N Mariposa Avenue, Los Angeles, California 90004 home-pic-0
ACTIVE$1,300,000
201 N Mariposa Avenue, Los Angeles, California 90004
0Bed
0Bath
2,810Sqft
6,076Lot
Year Built
1922
Close
-
List price
$1.3M
Original List price
$1.3M
Price/Sqft
$463
HOA
-
Days on market
-
Sold On
-
MLS number
PW24246076
Home ConditionPoor
Features
View-

About this home

We found 2 Cons,3 Pros. Rank: price - $1.30M(50th), sqft - 2810(50th), beds - undefined(50th), baths - undefined(50th).

***Great Potential with R3 Lot Featuring Two Houses!*** Located at the corner of Mariposa Ave and Council St. in the highly sought-after Korea Town area, this R3-zoned property boasts two houses with great potential. Each home features its own unique address, driveway, garage, and laundry facilities. 201 Mariposa Ave has 3 bedrooms, 1.5 bathrooms and 4109 Council St has 2 bedrooms, 1 bathroom. This is an excellent opportunity for developers or investors, as the R3 zoning opens the door to potential apartment unit projects. The property’s prime location, just one block south of Beverly Blvd, offers convenient access to local businesses and public transportation, making it an ideal rental spot. The property also benefits from good current and potential future rental income, with all utility meters individually set for both homes.

Condition Rating
Poor

The property was built in 1922 and appears to have had no major renovations in the last 50 years. The images show outdated kitchens and bathrooms, suggesting substantial repairs and rehabilitation are needed. The overall condition indicates significant deferred maintenance.
Pros & Cons

Pros

Development Potential: R3 zoning offers significant development potential for apartment unit projects, appealing to developers and investors.
Income Property: The property features two houses, each with separate addresses, driveways, garages, and laundry, providing immediate rental income potential.
Prime Location: Located in the desirable Korea Town area, just one block south of Beverly Blvd, offering convenient access to local businesses and public transportation.

Cons

Age of Property: Built in 1922, the property may require updates or renovations to meet modern standards.
Potential Renovation Costs: While offering great potential, the property may require significant investment to maximize its value and rental income.

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