724 S Mariposa Ave Los Angeles, CA 90005
Property details
About 724 S Mariposa Ave
We are pleased to present for sale, The Ambassador Apartments, located at 724 S. Mariposa Ave. This prime Koreatown location is just south of Wilshire BLVD and east of Normandie Ave, offering easy access to the Wilshire/Normandie Metro Station, restaurants, shopping, and entertainment. Ambassador Apartments features 40 units with eight Bachelors, twenty-four Studios, and eight 1 Bedroom/ 1 Bath units. The property has a subterranean parking garage with 20 individual parking spaces. Utilities are master metered for both gas and electric, with one central water heater. The roof was completely replaced, down to the plywood, in 2020. Ambassador Apartments was built in 1930 and is brick construction. This is a great opportunity to acquire Ambassador Apartments with an in-place Cap Rate of 7.11% and a 7.24 GRM, with upside to a 8.35% Cap Rate and a 7.09 GRM. The price per unit is $125,000 per unit and $206 per square foot.
Highlights
Summary
- MLS Number: 24448161
- MLS Name: CRMLS
- Office Name: Iconic Investments
- Office Phone: (747) 444-3300
- Listing Agent: Adam Zunder
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/21/2025, 11:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$4,500,000
724 S Mariposa Ave
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jun 02, 1993 | Home Sold | $62,500 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2021 | $1,455,622 | $19,766 |
| 2020 | $1,428,053 | $19,162 |
| 2019 | $1,400,053 | $19,076 |
| 2018 | $1,372,602 | $18,670 |
| 2017 | $1,345,689 | $18,670 |
History based on county public records data.
Nearby schools
3
RFK Community Schools - Ambassador School of Global Education
Public District KG-5
0.1 mi
•3201 W 8th St
4
Hobart Boulevard Elementary School
Public District KG-5
0.5 mi
•980 S Hobart Blvd
7
Hoover Street Elementary
Public District KG-5
0.8 mi
•2726 Francis Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $29,108. Most Los Angeles, CA residents have annual incomes less than $<35k. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
H&M
Burlington
Foot Locker
Where do the neighbors go to eat?
Boston Market
White Castle
Popeyes
What do the neighbors drive?
Honda
Kia
Nissan
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
Frequently asked questions
About 724 S Mariposa Ave
This home is located at 724 S Mariposa Ave in Los Angeles, CA and zip code 90010 in the Central LA neighborhood. This 24,200 square foot home, which was built in 1930, sits on a 0.19 acre lot. Features: 40 bedrooms, 40 bathrooms. It has been listed on Rocket Homes since October 3, 2024 and is currently priced at $4,500,000.
Los Angeles, CA housing market in December 2024 saw over 524 listings sold above listed price, more than 203 sold at listed price and over 740 sold below. Between November and December 2024, Los Angeles, CA real estate market has seen decrease in the number of listings by 5.3%. In December 2024 median list price was $1,026,634 and the average listing age was 41 days.