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1206 S Mariposa Avenue

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1206 S Mariposa Avenue | Los Angeles, CA

$2,559,999

13,734 SQ.FT.

1206-1208 S. MARIPOSA AVE. Los Angeles, Ca 90006. Offered at $2,559,999, these two adjacent parcels ( APN#5078034025, AND APN#5078034026 ) sit on lots Zoned LAR3. TOC Tier 2 area, totaling 11,807 sq ft. OPTION #1 Break Ground Tomorrow. Seller has Ready to issue permit (RTI). with plans to build 10 Units (see supplements). OPTION #2 Opportunity to DEVELOP 22 UNITS and possibly convert them to condos. This Entitled Development Opportunity in one of the most Densely Populated areas of Koreatown. Rents for new apartments are going from $1,400~$3,000 per/unit. This is an incredible opportunity to develop a Multi Unit Building in Koreatown, one of the most densely populated cities in L.A. As a thriving megacity, Koreatown boasts countless restaurants, markets, and strip malls. It has been described as a treasure trove of food, culture, and nightlife. Located near the Newly Constructed Aventura Hotel. Best Koreatown location close to DTLA, Staple Center, L.A. Live! Many Commercial Amenities, Metro Stations are walking distance or short Bike Ride. Area is experiencing Mass Renovation and Revitalization, hundreds of New Apartment and Condo projects are currently under construction. Currently the Lot has an SFR, and a duplex and one of the units is tenant occupied. Sold AS-IS.
Listing Provided by Miguel Rico, Keller Williams Realty

Based on information from California Regional Multiple Listing Service, Inc. as of September 12, 2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.