NEW PRICE 514 S Mariposa 514 S Mariposa Ave 19 Unité Immeuble d’appartements 5 463 961 $ CAD (287 577 $ CAD/Unité) 5,76% Taux de capitalisation Los Angeles, CA 90020

THE OPPORTUNITY: 514 S Mariposa is a best-in-class, 19-unit value-add opportunity located just north of Wilshire Boulevard in the heart of Koreatown—one of L.A.’s most sought-after and supply-constrained rental submarkets. 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. 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.