OFF MARKET

Off market aug 2019 for $9.3M

—

Est. refi paymentEst. refi $53,515/mo

•

48 ba

•

28,472

sq ft

520 S Mariposa Ave, Los Angeles, CA 90020

About this home

The elegant and spacious 48-Unit apartment building of 520 S Mariposa Avenue has been well-maintained, owned and operated by the same owner for the last 24 years. This property offers sustainable investment grade upside with great asset security for any investor looking to own in the dense rental market of Koreatown. The property itself sits in a Qualified Opportunity Zone. Allowing for an investor with holding plans to take advantage of the tax break implications. The upside can be seen with the incredible marketable location and the property offering any investor a great sum of wealth accumulation through asset appreciation. This upside, along with the area's continuous growth in rent and developments, makes this a fantastic opportunity in the heart of Koreatown. With a Market Cap Rate of 6.82% and a Market GRM of 9.92, this investment opportunity is a great way to achieve healthy current cash flow and the opportunity to achieve over 30% rental upside.

Multi-familyProperty Type

1928Year Built

9,000 sq ftLot Size

$329Price/Sq.Ft.

Listed by David Harrington •DRE #01320460 • Matthews Real Estate Investment Services

•310-497-5590 (agent)

•david.harrington@matthews.com (agent)

Bought with Peter Ciriello •DRE #01418188 • LA Commercial

Redfin checked: 2 minutes ago

•Source:TheMLS #19-432616

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in Chapman Park, CA

Last updated September 2026

Sale-to-List Price

100.3%

+0.3% MoM

Median sale price

$400K

$71K MoM

Avg. days on market

239d

142 days MoM

Recently sold homes

0 MoM

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Provided by Redfin

Sale history for 520 S Mariposa Ave

Date

Event

Price

APPFOLIO #2

Jan 18, 2025

Rental Removed

$1,395

$0/sq ft

Jan 6, 2025

Listed for Rent

$1,375

$0/sq ft

Dec 24, 2024

Rental Removed

$1,375

$0/sq ft

Dec 11, 2024

Listed for Rent

$1,375

$0/sq ft

APPFOLIO #1

Jan 23, 2024

Rental Removed

$1,395

$0/sq ft

Dec 22, 2023

Listed for Rent

$1,395

$0/sq ft

Nov 9, 2023

Rental Removed

$1,475

$0/sq ft

Oct 20, 2023

Listed for Rent

$1,475

$0/sq ft

Oct 14, 2023

Rental Removed

$1,475

$0/sq ft

Aug 20, 2023

Listed for Rent

$1,475

$0/sq ft

SDMLS #301756402

Nov 9, 2019

Listing Removed

—

Aug 16, 2019

Sold

$9,375,000

$329/sq ft

Feb 8, 2019

Listed

$9,500,000

$334/sq ft

TheMLS #19-432616

Aug 16, 2019

Sold

$9,375,000

$329/sq ft

Mar 18, 2019

Contingent

—

Feb 8, 2019

Listed

$9,500,000

$334/sq ft

Public Records

Jan 17, 1984

Sold

$1,195,500

$42/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$140,041 (+1.2%)

$10,077,442 + $1,623,648

$11,701,090

2024

$138,343 (+1.9%)

$9,879,846 + $1,591,812

$11,471,658

2023

$135,738 (+18.5%)

$9,686,124 + $1,560,600

$11,246,724

2021

$114,555 (−1.0%)

$9,310,000 + $1,500,000

$10,810,000

2020

$115,729 (+802.0%)

$8,082,880 + $1,389,245

$9,472,125

2019

$12,831 (+0.3%)

$8,000,000 + $1,375,000

$9,375,000

2018

$12,790 (+2.1%)

$315,139 + $503,752

$818,891

2017

$12,526 (+5.2%)

$302,902 + $484,192

$787,094

2016

$11,905 (+1.2%)

$302,902 + $484,192

$787,094

2015

$11,769 (−3.1%)

$296,963 + $474,699

$771,662

2014

$12,140 (−1.3%)

$286,774 + $458,410

$745,184

2012

$12,301 (+1.4%)

$285,478 + $456,339

$741,817

2011

$12,133 (−0.9%)

$279,881 + $447,392

$727,273

2010

$12,244 (+3.6%)

$274,394 + $438,620

$713,014

2009

$11,822 (+3.4%)

$272,344 + $435,342

$707,686

2008

$11,438

$272,991 + $436,377

$709,368

Tax history for 520 S Mariposa Ave

Year

Property tax

Land + Additions

Assessment*

2025

$140,041 (+1.2%)

$10,077,442 + $1,623,648

$11,701,090

2024

$138,343 (+1.9%)

$9,879,846 + $1,591,812

$11,471,658

2023

$135,738 (+18.5%)

$9,686,124 + $1,560,600

$11,246,724

2021

$114,555 (−1.0%)

$9,310,000 + $1,500,000

$10,810,000

2020

$115,729 (+802.0%)

$8,082,880 + $1,389,245

$9,472,125

2019

$12,831 (+0.3%)

$8,000,000 + $1,375,000

$9,375,000

2018

$12,790 (+2.1%)

$315,139 + $503,752

$818,891

2017

$12,526 (+5.2%)

$302,902 + $484,192

$787,094

2016

$11,905 (+1.2%)

$302,902 + $484,192

$787,094

2015

$11,769 (−3.1%)

$296,963 + $474,699

$771,662

2014

$12,140 (−1.3%)

$286,774 + $458,410

$745,184

2012

$12,301 (+1.4%)

$285,478 + $456,339

$741,817

2011

$12,133 (−0.9%)

$279,881 + $447,392

$727,273

2010

$12,244 (+3.6%)

$274,394 + $438,620

$713,014

2009

$11,822 (+3.4%)

$272,344 + $435,342

$707,686

2008

$11,438

$272,991 + $436,377

$709,368

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Permits

Beds

Baths

Stories

—

Lot width

—

Lot depth

—

Lot size

9,002 Sq. Ft.

Year renovated

1928

Sq. Ft.

28,472

Year built

1928

Style

Multi-Family (5+ Unit)

County

Los Angeles County

APN

5502019004

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Oct 7, 2026.

Dec 11, 2024 • Active

Bldg-alter/repair

Replace the roof on a residential building with a class A or B material over existing solid sheathing. Apply a certified cool roof product as required by local fire and energy regulations.

Roofing

Dec 23, 2022 • Final

Electrical

Replace light fixtures, plugs, and switches at the same location. No alterations or structural changes are included.

Electrical

Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.

Property details

Parking

Garage
None

Interior

Equipment
Other

Heating & Cooling
Other Cooling
Other Heat

Multi-Unit Income
Gross Income: 733776
Gross Operating Income: $711,763
Net Operating Income: $439,377

Multi-Unit Expenses
Total Annual Expense: $272,386

Multi-Unit Other Financial Information
Rent Control: 100
Cap Rate: 4.63
Gross Rent Multiplier: 12.95
Vacancy Rate: 3
Scheduled Actual: Scheduled

Multi-Unit Information
Unit Type Type: 1, 2, 3, 4
Type Of Units: Apartment
# of Buildings: 1

Unit 1 Information
# of Beds: 0
# of Baths: 1.00
Rent: $1,162
Projected Rent: $62,400
Actual Rent: $41,832
# of Units: 36

Unit 2 Information
# of Beds: 0
# of Baths: 1.00
Rent: $1,600
Projected Rent: $9,600
Actual Rent: $9,600
# of Units: 6

Unit 3 Information
# of Beds: 1
# of Baths: 1.00
Rent: $1,523
Projected Rent: $7,616
Actual Rent: $10,500
# of Units: 5

Unit 4 Information
# of Beds: 1
# of Baths: 1.00
Rent: $2,100
Projected Rent: $2,100
Actual Rent: $2,100
# of Units: 1

Exterior

Building Information
Total Floors: 4

Property Information
Property Type: Residential Income

Lot Information
Lot Size (Sq. Ft.): 9,000
Zoning: LAR4

Financial

Assessment Information
Assessed Land Value: $302,902
Assessed Improvement Value: $484,192
Assessor Parcel Number: 5502-019-004

Location

Community Information
# of Units in Complex (Total): 48

Location Information
Directions: Located on 6th Street and Mariposa Avenue.

Public facts

Beds: 6
Baths: 48.0
Sq. Ft.: 28,472
Stories: —
Lot Size: 9,002 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1928
Year Renovated: 1928
County: Los Angeles County
APN: 5502019004

Home facts updated by county records on Oct 7, 2026

Other

Documents & Disclosures
Disclosures: As Is

Around this home

Schools

UCLA Community School

Public K-12 • Assigned • 0.4mi

5/10

RFK Community Schools New Open World Academy K-12

Public K-12 • Assigned • 0.5mi

3/10

Young Oak Kim Academy

Public 6-8 • Assigned • 0.5mi

4/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Local insights from Redfin agents

The LA market is rewarding realistic pricing and good strategy. Buyers have more choices and are taking their time, while sellers who price correctly are still getting results. The days of simply “testing the market” are behind us—in this market,...
4 weeks ago • Los Angeles
Peter Santos
Redfin Premier agent
85 deals
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Climate risks

5/10 Flood Factor

Estimated 16-24% chance of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

6/10 Heat Factor

7 days above 90° expected this year, 21 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

5/10 Air Factor

8 unhealthy days expected this year, 8 days in 30 years

Provided by First Street

Historical weather

Los Angeles, CA • 90020

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.5 hours in June and 6.8 hours in December, placing it above the U.S. average for solar exposure.

9.5 hrs

6.8 hrs

JuneDecember

Provided by Shadowmap

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COMING SOONVIDEO TOUR

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Home values near 520 S Mariposa Ave

Data from public records.

Address
542 S Mariposa Avenue, Los Angeles, CA 42 Beds \| 40 Baths \| 26326 Sq. Ft.

Address
514 S Mariposa Avenue, Los Angeles, CA 17 Beds \| 19 Baths \| 12294 Sq. Ft.

Address

Property information provided by undefined .

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About this home

Redfin Estimate

Market trends in Chapman Park, CA

Sale history for 520 S Mariposa Ave

Tax history for 520 S Mariposa Ave

Public record

Property details

Around this home

Schools

Lifestyle

Local insights from Redfin agents

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 90020

Home values near 520 S Mariposa Ave

More real estate resources