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923 N Mariposa Ave

East Hollywood 
6-Unit

QUALIFIED OPPORTUNITY ZONE!!! Ultra-high end 6-unit in outstanding East Hollywood location just minutes from Los Feliz, Silver Lake, and the Hollywood Walk of Fame! These units define Hollywood luxury, boasting
high-end finishes such as Calacatta marble and impeccable landscaping with uplighting! Plus an unheard of projected cap rate of 5.58%! The seller can add 3 ADU's (for added cost) if the buyer desires, which would bring in apr. $72k of gross rent.

List Price:
Cap Rate:
GRM:
Bldg. Size:
Unit Mix:
Highlights:

$5,200,000
5.08% (pro forma)
15.05 (pro forma)
8,367 sqft
6x3b/3.5b
5.08% projected cap rate
QUALIFIED OPPORTUNITY ZONE
Seller can add 3 ADU's if desired
All 3b/3.5b units
Hollywood sign views
Separately metered utilities
Super low maintenance
Designer home finishes
14 parking spots
High demand rental market
7.5 ft custom doors
Washer/dryers included
Massive lot
Smooth stucco exterior
Exterior uplighting
Highly elevated landscaping
Privacy hedges

Click to View Photos

The Neighborhood

< 15-Minute Walk

Los Angeles City College, Sqirl, Courage Bagels, California Grill, Melody, KinKan LA, Bolita, Alma's Cider & Beer, Voodoo Vin, Maison Matho, The Peace Center Gym, El zarape Melrose, Bar Latino Tully's Coffee Big Mama's & Papa's Pizzeria, It’s Boba Time

< 10-Minute Drive

Pine and Crane Silverlake, The RubyFruit, Millie's Café,
Bacari, Silver Lake Farmers Market, 33 Taps Silver Lake, Bar Moruno, Kitsune, Intelligentsia Coffee Silver Lake Coffeebar, 4100 Bar, La Colombe Coffee Roasters, Bowery Bungalow, The Virgil, Akbar

< $15 Uber Ride

Hollywood Bowl, Griffith Observatory, Paramount Pictures Studio, Hollywood Walk of Fame, Runyon Canyon Park, Universal Studios, Griffith Park, Sunset Junction, Vermont St, Lyric Hyperion Theater & Bar, Intelligentsia Coffee Silver Lake Coffeebar, 4100 Bar, La Colombe Coffee Roasters

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Submit your offers now!

  • Excellent pro forma cap rate of 5.08%!

  • QUALIFIED OPPORTUNITY ZONE! Major tax benefit! (consult CPA).

  • Potential to add 3 ADU’s, which would generate approximately $72,000 in gross income per year. Seller will build if buyer desires for added cost.

  • Each and every finish was upgraded, from upscale cabinetry and custom 7.5 ft doors to cherry-picked tiles and vanities in each bathroom. A DESIGNER 6-unit! 

  • Property comes fully loaded with premium kitchen appliances, washers + dryers. Totally turnkey!

  • New construction multi-units are in impossibly short supply right now, especially ones of this superior quality.

  • Dream 1031 exchange opportunity. Ready to close soon!

  • An unheard of 14 PARKING SPACES on site- truly unheard of.

  • All units separately metered for gas, electric AND water! Microscopic expenses!

  • Balconies with views of the Hollywood sign and the Griffith Observatory! 

  • Large open floorplans!

  • Outstanding Hollywood location minutes from the heart of Hollywood, Los Feliz, Silver Lake, Larchmont Village, and Koreatown.

  • With SB-8 in effect, less fourplexes are being built, making properties like these an even more rare and hot commodity.

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