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… Read More 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 2030, offering significant long-term growth potential. 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. Read Less
Property listed by AMERIWAY REALTY, Wei Chang 626-217-3578
Listing Snapshot
Days Online
3
Last Updated
Property Type
Single Family Residence
Beds
4
Full Baths
2
Square Ft.
1,890
Lot Size
0.11 Acres
Year Built
1910
MLS Number
CV25085045
30 Days Snapshot Of 90004
$1,607k
-3%
(avg) sold price
10
-23%
homes sold
65
+85%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
GasOven
Basement
Unfinished
Building
Built in 1910, Levels: Two, Living area: 1890, 2 stories, Architectural style: Traditional, Attached, Common walls: TwoCommonWallsOrMore, Construction materials: Frame
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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