101 S. Mariposa Ave

Los Angeles, CA 90004

  • 0 Bed(s)
  • 0 Bath(s)
  • 8,112 Sqft
  • 4796
    Sqft(Lot)
$2,280,000

Description

Located in the vibrant koreatown community of los angeles, 101 s. mariposa avenue offers a rare development opportunity with rti (ready-to-issue) permits in place. the existing property features a charming single-story bungalow with four bedrooms, two bathrooms, a welcoming front deck, and ample driveway parking. the approved plans allow for the construction of a brand-new, four-story contemporary co-living development.

the new project will feature 27 private studio suites, each thoughtfully designed to meet the needs of modern urban living. the building will encompass approximately 8,656 square feet on a 4,796.5 square foot lot, designed with contemporary finishes, energy-efficient features, a full sprinkler system, and full compliance with the latest seismic and building codes.

situated just minutes from usc, ucla, lacc, and lmu, the property benefits from a strong demand for rental housing, making it ideal for student housing or co-living operations. average monthly rents for studios in koreatown range from $1,350 to $1,500, supported by a high occupancy rate of 92%. the estimated annual rental income is approximately $437,400 or higher, with projected investor returns between 9.5% and 11.4%.

importantly, this property is located in a non-rent-controlled area, providing greater flexibility and advantage for rental income growth compared to rent-controlled zones.

rental rates are forecasted to increase by approximately 5% annually from 2026 through 2030, offering significant long-term growth potential.

furthermore, this location is poised to benefit from upcoming global events such as the 2026 fifa world cup and the 2028 los angeles summer olympics, which are expected to further boost real estate values across the city.

101 s. mariposa avenue presents an outstanding opportunity to invest in a high-demand, centrally located project ready for immediate development and long-term success.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    49552799

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

  • Building Information

    • Year Built: 1910
    • Building Area Total: 8,112

    Pool Features

    • None

    Laundry Features

    • Outside

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1101
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 4796

  • Listing Price Information

    • Original List Price: 2,280,000
    • Listing Contract Date: 2025-04-24

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 5518006003

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: KREA - Koreatown
    • Directions: From Wilshire Blvd, head south on Mariposa Ave. The property is located just south of 1st Street on the west side of Mariposa Ave, between 1st and 2nd Streets. Look for 101 S. Mariposa Ave, Los Angeles, CA 90004.
    • Source Property Type: Residential Income
    • Area: KREA - Koreatown
    • Property SubType: Single Family Residence

    Building and Construction

    • Property Age: 115
    • Common Walls: 2+ Common Walls
    • Structure Type: Single Family Residence
    • Year Built Source: Builder
    • Entry Level: 1
    • Entry Location: STREET LEVEL
    • Property Attached: Yes
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BuyOwner last updated this listing 05/22/2025 @ 12:02

  • MLS: CV25091361
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 8,112 sqft, 4,796 sized lot, and 0 parking. are nearby neighborhoods.