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Originally built in 1960, Mariposa514 offers the curb appeal and efficient layouts of a classic mid-century asset paired with modern systems and interior finishes. The unit mix includes 17 large one-bedrooms and 2 studios, totaling approximately 12,294 square feet on an 11,250 square foot LAR4-zoned lot. Renovated interiors feature quartz countertops, stainless steel appliances, split-system A/C, custom tile, and updated baths with deep soaking tubs. All units are separately metered for gas and electricity. The property includes shared laundry, ample natural light, and solid in-place tenancy. With no seismic retrofit obligation and a thoughtful renovation already executed, Mariposa514 is turnkey where it counts and still offers room to grow. The building has already undergone a substantial renovation program, with 12 of the 19 units upgraded to a luxury spec and achieving market-making rents that rival new construction, but at a meaningfully lower basis.
Property Type(s):
Commercial
| Last Updated | 5/9/2025 | Year Built | 1960 |
|---|---|---|---|
| Community | Mid-Wilshire | County | Los Angeles |
Additional Details
| AREA | Mid-Wilshire |
|---|---|
| CONSTRUCTION | Stucco |
| HEAT | Wall Furnace |
| HOA DUES | 0 |
| LOT | 0.26 acre(s) |
| STORIES | 2 |
| ZONING | LAR4 |
Location
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Listed with Lyon Stahl Investment Real Estate, Inc.
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