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

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JLee Broker

[email protected] +1(650) 857-1000

Listed by Wei Chang • AMERIWAY REALTY

$2,280,000

Est. payment - /mo

4,796 Sqft Lot

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Key Details

Property Type Vacant Land

Sub Type Other Residential Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRCV25091611

Originating Board California Regional MLS

Lot Size 4,796 Sqft

Property Sub-Type Other Residential Land

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

Area Krea - Koreatown

Zoning D0

Exterior

View City Lights

Building

Water District - Public

Others

Tax ID 5518006003

Special Listing Condition Not Applicable

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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101 S Mariposa AVE Los Angeles, CA 90004

JLee Broker

Key Details

Location

Exterior

Building

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