1107 S Mariposa Avenue, Los Angeles, CA 90006
Local realty services provided by:CENTURY 21 Discovery
1107 S Mariposa Avenue,Los Angeles, CA 90006
$1,650,000
- - Beds
- 5 Baths
- 2,588 sq. ft.
- Multi-family
- Active
Listed by: sang ur, anita richards
Office: redfin corporation310-409-2885
MLS#:OC26151099
Source:CRMLS
Price summary
- Price:$1,650,000
- Price per sq. ft.:$637.56
About this home
Prime Koreatown Covered Land Play, House-Hack, & High-Density Development Opportunity! This versatile setup is perfect for an owner-user looking to occupy the entire property, or "house-hack" by living in one unit while offsetting the mortgage with substantial supplemental income from the others. It is equally lucrative for traditional investors and developers alike. Situated on a prime ±5,901 sq. ft. flat lot in the high-demand rental core of Los Angeles (90006), 1107 S Mariposa Ave represents the ultimate multi-tier investment asset. Operating with an SFR footprint but uniquely optimized for maximum revenue, the property features a turnkey, high-yield co-living configuration in the front building paired with a detached back unit. Crucially, 100% of the current tenants are on Month-to-Month leases at rates significantly below market standards, delivering an incoming buyer unparalleled operational flexibility. This ensures an immediate path to aggressive market-rate stabilization for a value-add buyer, or a frictionless timeline for a developer looking to clear the site. While generating resilient holding income, buyers can leverage the property's premium R3-1 zoning and Transit Oriented Communities (TOC) eligibility. This high-density transit corridor designation unlocks massive development incentives, including enhanced Floor Area Ratios (FAR), increased height allowances, and dramatically reduced parking requirements that slash subterranean construction costs. With an established proof of concept directly in the immediate submarket—notably demonstrated by the successful recent development at 1110 S Mariposa Ave—this asset is an incredibly secure, low-overhead wealth-preservation vehicle in one of Southern California's most supply-constrained rental markets!...
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Home facts
- Year built:1904
- Listing ID #:OC26151099
- Added:29 day(s) ago
- Updated:July 30, 2026 at 11:04 AM
Rooms and interior
- Total bathrooms:5
- Living area:2,588 sq. ft.
Structure and exterior
- Year built:1904
- Building area:2,588 sq. ft.
- Lot area:0.14 Acres
- Lot Features:Yard
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,650,000
- Price per sq. ft.:$637.56
Parking
- Total parking spaces:6
- Garage:Yes
- Garage spaces:6
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