CA > Los Angeles
Los Angeles, CA 90004,101 S Mariposa Avenue
$2,280,000
Est. payment /mo
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4 Beds
2 Baths
1,890 SqFt
New

101 S Mariposa Avenue Los Angeles, CA 90004

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LaDonna Azagra

LaDonna Azagra

+1(510) 725-8885

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,890 sqft

Price per Sqft $1,206

MLS Listing ID CRCV25085045

Bedrooms 4

Full Baths 2

HOA Y/N No

Year Built 1910

Lot Size 4,796 Sqft

Acres 0.1101

Property Sub-Type Single Family Residence

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 203

Location

State CA

County Los Angeles

Zoning LAR4

Interior

Interior Features Tile Counters

Heating None

Cooling None

Flooring Wood

Fireplaces Type None

Fireplace No

Laundry Other

Exterior

Pool None

Utilities Available Natural Gas Available

View Y/N false

View None

Handicap Access None

Private Pool false

Building

Story 2

Sewer Public Sewer

Water Public

Architectural Style Traditional

Level or Stories Two Story

New Construction No

Schools

School District Los Angeles Unified

Others

Tax ID 5518006003

Bridge MLS
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Wei Chang • AMERIWAY REALTY

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agent

LaDonna Azagra

CFO Agent | License ID: 01899394

+1(510) 725-8885

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