101 S MARIPOSA AVE, Los Angeles, CA 90004

Listing agent WEI CHANG

Listing office AMERIWAY REALTY

Listing date Aug 6, 2025

Source Corcoran

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

Report an issue

---

Overview

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.

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Los Angeles

County

Los Angeles

State

California

Longitude

-118.3

Latitude

34.0726

Nearby Similar for Sale

• 

  $2,600,000

  10,944 SF

  Los Angeles Commercial Investment Opportunity

  Prime investment property in the heart of the Fashion District.

  1212 S San Pedro Street, Los Angeles, CA 90015

  View Details
• 

  $1,199,999

  2,526 SF

  Los Angeles Retail Opportunity

  Single-tenant retail asset with high visibility and growth potential.

  4254 Floral, Los Angeles, CA 90063

  View Details
• 

  $3,990,000

  8,688 SF

  Prime Automotive Land in Los Angeles

  Six parcels with buildings in established automotive corridor.

  125 E Florence Ave, Los Angeles, CA 90003

  View Details
• 

  $950,000

  3,040 SF

  Los Angeles Industrial Owner-User Opportunity

  Rare industrial building in central Los Angeles, ideal for owner-users.

  1915 S Santa Fe, Los Angeles, CA 90021

  View Details
• 

  $2,000,000

  9,200 SF

  Los Angeles R4 Development Opportunity

  Triple-lot R4 development opportunity in Los Angeles.

  7405 Normandie Avenue, Los Angeles, CA 90044

  View Details
• 

  $2,199,999

  32,252 SF

  Ready-to-Build Affordable Housing Project

  Entitled 64-unit affordable housing project near Crenshaw metro line.

  6524 Brynhurst Ave, Los Angeles, CA 90043

  View Details
• 

  $2,199,999

  32,252 SF

  Entitled Land Ready to Build

  Ready-to-issue permits for 64-unit affordable housing project in Los Angeles.

  6524 Brynhurst Ave, Los Angeles, CA 90043

  View Details
• 

  $1,175,000

  1,617 SF

  Eagle Rock Commercial/Residential Opportunity

  Commercially zoned property in Eagle Rock, ideal for live/work.

  1063 Colorado, Los Angeles, CA 90041

  View Details
• 

  $2,099,000

  10,233 SF

  Multifamily Property in Boyle Heights

  12-unit multifamily property in prime Boyle Heights, Los Angeles.

  117 N St Louis, Los Angeles, CA 90033

  View Details
• 

  $1,999,000

  12,306 SF

  Los Angeles Multifamily Investment Opportunity

  Classic 11-unit Spanish Colonial near Downtown Los Angeles.

  2375 W 12th St, Los Angeles, CA 90006

  View Details
• 

  $2,295,000

  10,492 SF

  Highland Park Multifamily Value-Add Opportunity

  14-unit apartment building in a sought-after Los Angeles location.

  820 Chestnut Ave, Los Angeles, CA 90042

  View Details
• 

  $895,000

  3,372 SF

  Four-Unit Residential Income Property

  Four-unit building with ample rear parking, including three 1-bedroom units and a 3-bedroom delivered vacant at close.

  1467 W Vernon, Los Angeles, CA 90062

  View Details

FAQs

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.