101 S Mariposa AVE Los Angeles, CA 90004
4 Beds
2 Baths
1,890 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,890 sqft
Price per Sqft $1,206
MLS Listing ID CV25085045
Bedrooms 4
Full Baths 2
HOA Y/N No
Year Built 1910
Lot Size 4,795 Sqft
Lot Dimensions Estimated
Property Sub-Type Single Family Residence
Property Description
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.
Location
State CA
County Los Angeles
Area Krea - Koreatown
Zoning LAR4
Rooms
Basement Unfinished
Main Level Bedrooms 3
Interior
Interior Features Unfurnished
Heating None
Cooling None
Flooring Wood
Fireplaces Type None
Fireplace No
Appliance Gas Oven
Laundry Outside
Exterior
Parking Features Driveway
Pool None
Community Features Curbs
Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available
View Y/N No
View None
Accessibility None
Porch None
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Dwelling Type House
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories Two
New Construction No
Schools
Middle Schools Virgil
School District Los Angeles Unified
Others
Senior Community No
Tax ID 5518006003
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Special Listing Condition Standard
