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John Herkenrath

johnherkenrath@epiquerealty.com +1(310) 221-2910

$3,700,000

Est. payment - /mo

17 Beds

19 Baths

12,294 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 12,294 sqft

Price per Sqft $300

MLS Listing ID 26844845

Bedrooms 17

Construction Status Updated/Remodeled

Year Built 1960

Lot Size 0.258 Acres

Acres 0.2584

Property Sub-Type Multi-Family

Property Description

Twelve of the nineteen units have been fully renovated to a high-end specification, quartz countertops, stainless appliances, split-system A/C, hardwood-style flooring, and updated baths. The remaining units present a clear, repeatable renovation path with approximately 20% rental upside. At full market rents the cap rate expands from 6.02% to 8.96%, one of the most compelling current-to-market spreads available in mid-market Koreatown.

Location

State CA

County Los Angeles

Area Mid-Wilshire

Building/Complex Name 514 Mariposa

Zoning LAR4

Rooms

Other Rooms None

Kitchen Quartz Counters

Interior

Heating Wall

Cooling Ceiling Fan, Wall/Window

Flooring Vinyl Plank

Equipment Ceiling Fan, Dishwasher, Garbage Disposal, Microwave, Range/Oven, Refrigerator

Laundry Community

Exterior

Parking Features Covered Parking, Driveway Gate, Gated

Garage Spaces 17.0

Pool None

Building

Story 2

Water Mutual Water Source

Level or Stories Two

Construction Status Updated/Remodeled

Others

Special Listing Condition Standard

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The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Lyon Stahl Investment Real Estate, Inc.

NEARBY SCHOOL & BUSINESS

"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

3435 E Thousand Oaks Blvd #6354, Westlake Village CA 91359

514 S Mariposa Ave Los Angeles, CA 90020

John Herkenrath

Key Details

Location

Rooms

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

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514 S Mariposa Ave