1205 S Mariposa Ave

The Tuvia Group successfully closed 1205 S Mariposa Avenue, a 10-unit multifamily property in Koreatown, for $1,475,000, achieving $147,500 per unit—one of the highest price-per-unit sales that year for a Koreatown property without parking. Despite deferred maintenance and low rent-controlled rents, the team generated multiple offers and secured a 1031 exchange buyer at 98% of the list price. After more than 38 years of ownership, the seller used the proceeds to exchange into multiple single-family homes in the North San Fernando Valley.