724 S Mariposa Ave
Los Angeles, CA 90005
40 Beds
40 Baths
24,200 Sq Ft
24 Days on Market
For Sale $5,000,000
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Courtesy of Iconic Investments

Listing Agent & Comments

Adam ZunderIconic Investments
747-214-0470adam@iconicinv.com License #01821053
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 6.40% and a 8.05 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.

MLS# 24448161 • Data provided by CRMLS
Additional home details
Living Area24,200 Sq.Ft.
Lot Size8,089 Sq.Ft.
Total Rooms--
Bedrooms40
Bathrooms40
Stories4
Year Built1930
Property TypeMulti Family
ZoningLAR5
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2024
Tax Amount$21,390
Property in Flood Zone--
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More Information On This Home
This home's estimated value
$2,851,359
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
This property is missing data for:
Comparable properties, rental estimate, and sale history
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HouseCanary, Inc. Brokerage

724 S Mariposa Ave., Los Angeles, CA 90005

Multi Family
40 Beds
40 Baths
24,200 Sq Ft
24 Days on Market

Listing Agent & Comments

Adam ZunderIconic Investments
747-214-0470adam@iconicinv.com License #01821053
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 6.40% and a 8.05 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.

MLS# 24448161 • Data provided by CRMLS
Additional home details
Living Area24,200 Sq.Ft.
Lot Size8,089 Sq.Ft.
Total Rooms--
Bedrooms40
Bathrooms40
Stories4
Year Built1930
Property TypeMulti Family
ZoningLAR5
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2024
Tax Amount$21,390
Property in Flood Zone--
We’ll connect you with top agents in your area.
This property is missing data for:
Comparable properties, rental estimate, and sale history
New
Do you own this home?
Access your homeowner dashboard
house
For Sale $5,000,000
Request tour
Save
Courtesy of Iconic Investments
724 S Mariposa Ave
Los Angeles, CA 90005
40 Beds
40 Baths
24,200 Sq Ft
24 Days on Market

Listing Agent & Comments

Adam ZunderIconic Investments
747-214-0470adam@iconicinv.com License #01821053
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 6.40% and a 8.05 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.

MLS# 24448161 • Data provided by CRMLS
Additional home details
Living Area24,200 Sq.Ft.
Lot Size8,089 Sq.Ft.
Total Rooms--
Bedrooms40
Bathrooms40
Stories4
Year Built1930
Property TypeMulti Family
ZoningLAR5
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2024
Tax Amount$21,390
Property in Flood Zone--
We’ll connect you with top agents in your area.
More Information On This Home
This home's estimated value
$2,851,359
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
This property is missing data for:
Comparable properties, rental estimate, and sale history
New
Do you own this home?
Access your homeowner dashboard
house

For Sale $5,000,000
Request tour
Save
Courtesy of Iconic Investments