40-unit investment opportunity in the highly desirable and amenity rich submarket of Koreatown. 238 S Mariposa presents the opportunity for an investor to add value through additional renovations. 17 of the 40units have been extensively renovated with high-end finishes which include new stainless-steel appliances, laminate and tile flooring, new kitchen cabinets and tile backsplashes, new fixtures, new paint, new based moldings, and energy efficient LED lighting. Also, three of the units will be delivered vacant, leaving room for an investor to immediately upgrade the units and capture market rent. Exterior and building upgrades include a new roof, new exterior paint, a new intercom, newly painted hallways with recessed lights, and a new solar thermal system to decrease the gas usage. Through a complete interior renovation program, an investor will have the opportunity to capitalize on the tremendous rental upside.
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