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

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Wed

Apr

Thu

May

Fri

May

LaKeshia Lindsey

lakeshiasellsrealestate@gmail.com +1(619) 746-0849

$2,280,000

Est. payment - /mo

4,795 Sqft Lot

Save

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

MLS Listing ID CV25091361

HOA Y/N No

Year Built 1910

Lot Size 4,795 Sqft

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 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.

Location

State CA

County Los Angeles

Area Krea - Koreatown

Interior

Fireplace No

Laundry Outside

Exterior

Pool None

Community Features Street Lights, Sidewalks

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 4

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5518006003

Energy Description 6000.0

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

Read Less Info

Listed by Wei Chang • AMERIWAY REALTY • 626-217-3578

Lakeshia's passion for real estate and her love for California are a perfect match. She has made it her mission to help local residents sell their homes quickly and at the best possible prices. Equally, she takes immense pride in assisting homebuyers in finding their perfect piece of paradise in California.

+1(619) 746-0849

lakeshiasellsrealestate@gmail.com

USA

GET MORE INFORMATION

QUICK SEARCH

101 S. Mariposa Ave Los Angeles, CA 90004