101 S Mariposa Ave Los Angeles, CA 90004
Koreatown NeighborhoodEstimated payment $11,131/month
About This Lot
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 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.
Listing Agent
AMERIWAY REALTY Brokerage Phone: 626-217-3578 License #01932054 Listed on: 08/05/2025
Property Details
Property Type
- Land
Est. Annual Taxes
- $12,729
Lot Details
- 4,796 Sq Ft Lot
- Density is up to 1 Unit/Acre
- Land Lease
- Property is zoned LAR4
Additional Features
- City Lights Views
- Water Not Available
Listing and Financial Details
- Tax Tract Number 386
- Assessor Parcel Number 5518006003
Community Details
Overview
- No Home Owners Association
Recreation
- Exterior Lighting
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $12,729 | $1,053,176 | $874,915 | $178,261 |
| 2024 | $12,729 | $1,032,526 | $857,760 | $174,766 |
| 2023 | $12,487 | $1,012,282 | $840,942 | $171,340 |
| 2022 | $11,911 | $992,434 | $824,453 | $167,981 |
| 2021 | $11,761 | $972,976 | $808,288 | $164,688 |
| 2020 | $11,125 | $900,000 | $720,000 | $180,000 |
| 2019 | $4,321 | $340,385 | $268,126 | $72,259 |
| 2018 | $4,226 | $333,712 | $262,869 | $70,843 |
| 2016 | $4,030 | $320,755 | $252,662 | $68,093 |
| 2015 | $3,973 | $315,938 | $248,867 | $67,071 |
| 2014 | $3,994 | $309,751 | $243,993 | $65,758 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/23/2025 08/23/25 | For Sale | $1,890,000 | 0.0% | $218 / Sq Ft |
| 08/19/2025 08/19/25 | Off Market | $1,890,000 | -- | -- |
| 07/30/2025 07/30/25 | Price Changed | $1,890,000 | -4.5% | $218 / Sq Ft |
| 07/13/2025 07/13/25 | For Sale | $1,980,000 | 0.0% | $229 / Sq Ft |
| 06/12/2025 06/12/25 | Off Market | $1,980,000 | -- | -- |
| 06/07/2025 06/07/25 | Price Changed | $1,980,000 | -13.2% | $229 / Sq Ft |
| 04/29/2025 04/29/25 | For Sale | $2,280,000 | 0.0% | $263 / Sq Ft |
| 10/01/2020 10/01/20 | Rented | $3,400 | 0.0% | -- |
| 09/30/2020 09/30/20 | Under Contract | -- | -- | -- |
| 09/14/2020 09/14/20 | Price Changed | $3,400 | -2.9% | $2 / Sq Ft |
| 08/24/2020 08/24/20 | Price Changed | $3,500 | -10.3% | $2 / Sq Ft |
| 08/13/2020 08/13/20 | Price Changed | $3,900 | -2.5% | $2 / Sq Ft |
| 06/18/2020 06/18/20 | For Rent | $4,000 | 0.0% | -- |
| 07/26/2019 07/26/19 | Sold | $900,000 | -1.6% | $476 / Sq Ft |
| 05/01/2019 05/01/19 | Price Changed | $915,000 | -5.2% | $484 / Sq Ft |
| 03/01/2019 03/01/19 | For Sale | $965,000 | -- | $511 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | None Available | |
| Grant Deed | $900,000 | Provident Title Company | |
| Interfamily Deed Transfer | -- | Chicago Title Co | |
| Grant Deed | $252,000 | South Coast Title Company | |
| Trustee Deed | $152,590 | -- | |
| Grant Deed | $157,000 | South Coast Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $108,010 | Credit Line Revolving | |
| Previous Owner | $632,000 | New Conventional | |
| Previous Owner | $100,000 | Credit Line Revolving | |
| Previous Owner | $397,500 | Unknown | |
| Previous Owner | $40,000 | Credit Line Revolving | |
| Previous Owner | $285,000 | Unknown | |
| Previous Owner | $12,373 | Unknown | |
| Previous Owner | $239,000 | No Value Available | |
| Previous Owner | $114,442 | Unknown | |
| Previous Owner | $19,127 | Unknown | |
| Previous Owner | $141,000 | No Value Available |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV25175491
APN: 5518-006-003
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Based on information from California Regional Multiple Listing Service, Inc. 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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