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101 S Mariposa Ave Los Angeles, CA 90004

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For Sale
$1,890,000

Ready-To-Issue permits for a 27-unit co-living development in Koreatown.

Property Features for 101 S Mariposa Ave

General Information

Standard status
Active

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Listing Contact
Wei Chang
Source: Corcoran

Listing Agent: Wei Chang

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

Koreatown Development Opportunity with RTI Permits

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.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Residential land & home ...

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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
-118.29956
Latitude
34.0726

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.
More about this property
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