Listed by Wei Chang • AMERIWAY REALTY
$2,280,000
Est. payment /mo
4 Beds
2 Baths
1,890 SqFt
New
101 S Mariposa AVE Los Angeles, CA 90004
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Key Details
Property Type Single Family Home
Sub Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 1,890 sqft
Price per Sqft $1,206
MLS Listing ID CRCV25085045
Style Traditional
Bedrooms 4
Full Baths 2
Originating Board California Regional MLS
Year Built 1910
Lot Size 4,796 Sqft
Property Sub-Type Single Family Home
Property 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 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%. Rental rates are forecasted to increase by approximately 5% annually from 2026 through 2
Location
State CA
County Los Angeles
Area Krea - Koreatown
Zoning LAR4
Rooms
Dining Room Other
Kitchen Oven - Gas
Interior
Heating No Heating
Cooling None
Fireplaces Type None
Laundry Other
Exterior
Parking Features Other
Pool 31, None
Utilities Available Electricity - On Site
View None
Building
Water District - Public
Architectural Style Traditional
Others
Tax ID 5518006003
Special Listing Condition Not Applicable
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