101 S Mariposa Avenue, Los Angeles, CA 90004 (MLS # CRCV25085045)

Price	$2,280,000
Status	Active
Beds	4
Baths	2 Baths
Home size	1,890 sqft
Lot Size	4,796 sqft
Days on Market	3

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

Property Type(s): Single Family

Last Updated	4/25/2025	Year Built	1910
County	Los Angeles

SCHOOLS

School District	Los Angeles Unified

Additional Details

AIR	None
AIR CONDITIONING	Yes
CONSTRUCTION	Frame
FIREPLACE	Yes
GARAGE	0
HEAT	None
HOA DUES	0
INTERIOR	Tile Counters
LOT	4796 sq ft
POOL	Yes
POOL DESCRIPTION	None
SEWER	Public Sewer
STORIES	2
STYLE	Traditional
UTILITIES	Natural Gas Available
WATER	Public
ZONING	LAR4

Listing provided by Wei Chang |AMERIWAY REALTY

Bay East ©2025. CCAR ©2025. bridgeMLS ©2025. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 4/28/25 1:29 AM PDT

This IDX solution is (c) Diverse Solutions 2025.

Location

Contact us about this Property

First Name
Last Name
Phone Number
Email Address
Schedule a Showing?	/
Comments


We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Jennifer Stojanovich to contact you even if your name is on a Federal or State "Do not call List".

Your Email

Friend's Email

Note