101 S Mariposa Ave Los Angeles, CA 90004
Koreatown NeighborhoodEstimated payment $11,500/month
Total Views
4,081
27
Beds
27
Baths
8,656
Sq Ft
$218
Price per Sq Ft
About This Home
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 full 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. Similar co-living suite prices in Koreatown typically range from $1,300 to $1,500 per month, providing a compelling income model. The estimated annual rental income is approximately $437,400 or higher, with projected investor returns between 9.5% and 11.4%.
Importantly, this property is located in a non-rent-controlled area, providing greater flexibility and advantage for rental income growth compared to rent-controlled zones. Rental rates are forecasted to increase by approximately 5% annually from 2026 through 2030, offering significant long-term growth potential.
Furthermore, 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 offers 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: 04/29/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $12,729
Year Built
- Built in 1910
Lot Details
- 4,796 Sq Ft Lot
- Density is up to 1 Unit/Acre
- Land Lease
Interior Spaces
- 8,656 Sq Ft Home
- 4-Story Property
Bedrooms and Bathrooms
- 27 Bedrooms
- 27 Bathrooms
Laundry
- Laundry Room
- Laundry Located Outside
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Tax Lot 3
- Tax Tract Number 386
- Assessor Parcel Number 5518006003
- $345 per year additional tax assessments
Community Details
Overview
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
Map
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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 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 |
Source: California Regional Multiple Listing Service (CRMLS)
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 |
Source: Public Records
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: Public Records
Similar Homes in Los Angeles, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV25091361
APN: 5518-006-003
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