101 S Mariposa Avenue
Los Angeles, CA 90004
- 4 beds
- 2 baths
- 1,890 sqft
- 4,796 sqft lot
- $1,206 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 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.
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Last updated Apr 30, 2025
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MLS# CV25085045 —
This home 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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Year Built Source:Builder
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New Construction:No
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Construction Materials:Frame
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Total Number Of Units:2
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Architectural Style:Traditional
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Structure Type:House
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Stories Total:2
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Entry Level:1
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Basement:Unfinished
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Patio And Porch Features:None
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Patio:1
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Accessibility Features:None
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Common Walls:2+ Common Walls
Interior
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Features:Unfurnished
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Levels:Two
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Entry Location:Street Level
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Kitchen Features:Tile Counters
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Eating Area:Area
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Window Features:Wood Frames
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Flooring:Wood
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Room Type:Living Room
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Living Area Units:Square Feet
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Living Area Source:Assessor
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Fireplace:No
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Fireplace:None
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Laundry:Outside
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Laundry:1
Room Dimensions
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Living Area:1890.00
Location
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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.
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Latitude:34.07262700
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Longitude:-118.29969000
The Property
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Property Type:Residential
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Subtype:Single Family Residence
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Zoning:LAR4
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Lot Features:0-1 Unit/Acre
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Lot Size Area:4796.0000
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Lot Size Dimensions:81.67 ft x 28 ft
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Lot Size Acres:0.1101
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Lot Size SqFt:4796.00
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Lot Size Source:Assessor
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Lot Dimensions Source:Estimated
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View:None
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
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Lease Considered:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:2113.10
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Tax Tract:386
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Tax Lot:3
Beds
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Total Bedrooms:4
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Main Level Bedrooms:3
Baths
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Total Baths:2
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Bathroom Features:Shower, Shower in Tub
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Full & Three Quarter Baths:2
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Main Level Baths:1
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Full Baths:2
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5518006003
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Showings Begin:2025-04-25
Heating & Cooling
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Heating:None
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Cooling:No
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Cooling:None
Utilities
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Utilities:Electricity Available, Natural Gas Available, Sewer Available, Water Available
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Sewer:Public Sewer
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Electric:Standard
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Water Source:Public
Appliances
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Appliances:Gas Oven
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Included:Yes
Schools
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Middle School:Virgil
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Middle School:VIRGIL
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High School District:Los Angeles Unified
The Community
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Features:Curbs
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Association:No
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Pool:None
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Senior Community:No
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Private Pool:No
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Spa Features:None
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Assessments:No
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Assessments:None
Parking
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Parking:Yes
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Parking:Driveway
Monthly cost estimate

Asking price
$2,280,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$12,208
|
Taxes | N/A |
Insurance | $627 |
Utilities | $158 See report |
Total | $12,993/mo.* |
*This is an estimate |
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).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
Date | Event | Source | Price | % Change |
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4/29/25
Apr 29, 2025
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Listed / Active | CRMLS_CA | ||
4/29/25
Apr 29, 2025
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Listed / Active | CRMLS_CA | ||
4/25/25
Apr 25, 2025
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Listed / Active | CRMLS_CA | $2,280,000 | 153.3% (26.7% / YR) |

31% of nearby similar homes sold for over asking price
Similar homes that sold in bidding wars went $105k above asking price on average, but some went as high as $475k over asking price.