Homes for sale - 101 S Mariposa Avenue, Los Angeles, CA 90004

Key Details

Property Type Condo

Listing Status Active

Purchase Type For Sale

Square Footage 1,890 sqft

Price per Sqft $1,206

MLS Listing ID CV25085045

Style All Other Attached

Bedrooms 4

Full Baths 2

HOA Y/N No

Year Built 1910

Lot Size 4,796 Sqft

Acres 0.1101

Lot Dimensions 81.67 ft x 28 f

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 2030, offering significant long-term growth potential. 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 outs
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 2030, offering significant long-term growth potential. 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.

Location

State CA

County Los Angeles

Area Los Angeles (90004)

Zoning LAR4

Interior

Interior Features Unfurnished

Flooring Wood

Equipment Gas Oven

Appliance Gas Oven

Laundry Outside

Exterior

Exterior Feature Frame

Utilities Available Electricity Available,Natural Gas Available,Sewer Available,Water Available

Building

Lot Description Curbs

Story 2

Lot Size Range 4000-7499 SF

Sewer Public Sewer

Water Public

Architectural Style Traditional

Level or Stories 2 Story

Others

Monthly Total Fees $28

Acceptable Financing Cash,Conventional,Exchange

Listing Terms Cash,Conventional,Exchange

Special Listing Condition Standard