JUST SOLD ~ 19 UNITS IN KOREATOWN
HABITAT APARTMENTS
514 S. Mariposa Ave, Los Angeles
Iconic Investments announces the sale of Habitat Apartments (514 S. Mariposa Ave), a renovation and repositioning opportunity in LA's Koreatown submarket, for $4,030,000. This mid-century property features two studios and seventeen one-bedroom/one-bath units.
The property sold at a 16.94 GRM and a 3.15% Cap Rate. Iconic Principal Peter Strauss represented the sellers.
Sale Highlights:
Listing Price $4,050,000 - Sold at $4,030,000
16.94 GRM and a 3.15% Cap Rate
Buyer responsible for Earthquake Retrofit Work
8 Offers ranging from $3.500 to $4.030 Million
PETER STRAUSS
Iconic Investments
16530 Ventura Blvd
Suite #409
Encino, CA 91436
T: 747-444-3303
E: peter@iconicinv.com
W: www.iconicinv.com