101 S. Mariposa Ave
Los Angeles, CA 90004
- 27 beds
- – baths
- 8,112 sqft
- 4,796 sqft lot
- $281 per sqft
- 1910 build
- – on site
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 greate
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Last updated Apr 30, 2025
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MLS# CRCV25091361 —
This property is listed in more than one place. See it here, and here, and here.
The Building
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Year Built:1910
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Building Area Units:Square Feet
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Building Area Total:8112
Room Dimensions
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Living Area:8112
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Living Area Units:Square Feet
Location
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Directions:From Wilshire Blvd, head south on Mariposa Ave. Th
The Property
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Property Type:Residential Income
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Property Subtype:OTHER
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Exterior Features:Other
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Parcel Number:5518006003
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Lot Size Area:0.11
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Lot Size Acres:0.11
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Lot Size SqFt:4796
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Lot Size Units:Acres
Listing Agent
- Contact info:
- No listing contact info available
Beds
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Bedrooms Total:27
The Listing
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Listing Terms:1031 Exchange
Appliances
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Laundry Features:Other
The Community
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Association:false
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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4/30/25
Apr 30, 2025
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Listed / Active | BRIDGE | $2,280,000 | 153.3% (26.6% / YR) |
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4/29/25
Apr 29, 2025
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Listed / Active | CRMLS_CA | ||
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4/29/25
Apr 29, 2025
|
Listed / Active | CRMLS_CA |
