Koreatown Development Opportunity with RTI
For Sale
$1,890,000
101 S MARIPOSA AVE, Los Angeles, CA 90004
Ready-To-Issue permits for a 27-unit co-living development in Koreatown.
Property SizeContact for details
Days on Market406
Property Features for 101 S MARIPOSA AVE
General Information
Standard status
Active
Listing Agency:
AMERIWAY REALTY
Listed By:
WEI CHANG
Source:
Corcoran
Added: Aug 6, 2025
Changed: Jul 10
Last Checked: Jul 10 at 3:45PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of AMERIWAY REALTY
Investment Insights
Based on property information with market context.
Located in Koreatown, Los Angeles, 101 S. Mariposa Avenue presents a development opportunity with Ready-To-Issue (RTI) permits. The existing property includes a single-story bungalow featuring four bedrooms, two bathrooms, a front deck, and driveway parking. Approved plans are in place for constructing a four-story co-living development. The new project will consist of 27 private studio suites, designed for modern urban living. The building will encompass approximately 8,656 square feet on a 4,796.5 square foot lot. It will be designed with contemporary finishes, energy-efficient features, a full sprinkler system, and will comply with seismic and building codes. The property is located minutes from USC, UCLA, LACC, and LMU, and benefits from rental housing demand, making it suitable for student housing or co-living operations. Average monthly rents for studios in Koreatown range from $1,350 to $1,500, with 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.
Key Highlights
- RTI (Ready‑To‑Issue) permits are in place for a new four‑story, 27‑unit co‑living development.
- High potential rental income with an estimated annual income of $437,400 or higher and projected investor returns between 9.5% and 11.4%.
- Prime location in Koreatown, minutes from USC, UCLA, LACC, and LMU, ensuring strong demand for rental housing.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,779
Businesses Nearby
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Business Placement
Demographics for 90004, CA
58,585
Population
26,046
Households
2.2
Avg Household Size
37
Median Age
40%
College-Educated
78%
High-School Grad
3.1 sq mi
ZIP Area
18,898
Density / Sq Mi
$62,655
Median Household Income
$39,359
Median Earnings
$1,752
Median Rent
$1,457,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Ready-To-Issue permits for a 27-unit co-living development in Koreatown.
Where is this apartment building located?
The property is located at 101 S MARIPOSA AVE Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,890,000.
What are key features of this property?
This property features: RTI (Ready‑To‑Issue) permits are in place for a new four‑story, 27‑unit co‑living development.; High potential rental income with an estimated annual income of $437,400 or higher and projected investor returns between 9.5% and 11.4%.; Prime location in Koreatown, minutes from USC, UCLA, LACC, and LMU, ensuring strong demand for rental housing.
