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

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Tim Alford & Faye Bon

homes@alfordbon.com +1(408) 832-7698

Listed by Wei Chang • AMERIWAY REALTY

$ 2,280,000

Est. payment | -/mo

4 Beds

2 Baths

1,890 SqFt

Save

$ 2,280,000

Est. payment | -/mo

Save

4 Beds

2 Baths

1,890 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 1,890 sqft

Price per Sqft $1,206

MLS Listing ID CRCV25085045

Style Traditional

Bedrooms 4

Full Baths 2

Year Built 1910

Lot Size 4,796 Sqft

Property Sub-Type Single Family Home

Source California Regional MLS

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 gre

Location

State CA

County Los Angeles

Area Krea - Koreatown

Zoning LAR4

Rooms

Dining Room Other

Kitchen Oven - Gas

Interior

Heating No Heating

Cooling None

Fireplaces Type None

Laundry Other

Exterior

Parking Features Other

Pool 31, None

Utilities Available Electricity - On Site

View None

Building

Water District - Public

Architectural Style Traditional

Others

Tax ID 5518006003

Special Listing Condition Not Applicable

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Tim Alford & Faye Bon

REALTOR® | Lic# 01507448 | 01746037

homes@alfordbon.com

+1(408) 832-7698

518 N Santa Cruz Ave, Los Gatos, CA, 95030, USA

101 S Mariposa AVE Los Angeles, CA 90004

Tim Alford & Faye Bon

Key Details

Location

Rooms

Interior

Exterior

Building

Others

101 S Mariposa AVE