Property Details
About this Property
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
MLS Listing Information
MLS #
CRCV25175491
MLS Source
California Regional MLS
Days on Site
25
Parking, School, and Other Information
HOA Fee
$0
Zoning
D0
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
101 S. Mariposa Ave is in Los Angeles, CA 90004. This Land is currently priced at $1,890,000. This address can also be written as 101 S. Mariposa Ave, Los Angeles, CA 90004.
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This listing information is up-to-date as of August 05, 2025. For the most current information, please contact Wei Chang
