1107 S Mariposa Avenue, Los Angeles, CA 90006
$1,650,000
Est. payment /mo
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8 Beds
5 Baths
2,588 SqFt
New

1107 S Mariposa Avenue Los Angeles, CA 90006

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Jennifer Kleist

Jennifer Kleist

+1(619) 985-3618

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 2,588 sqft

Price per Sqft $637

MLS Listing ID PF26141844

Bedrooms 8

Full Baths 5

Year Built 1904

Lot Size 5,901 Sqft

Property Sub-Type Detached

Property Description

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 submarketnotably demonstrated by the successful re

Location

State CA

County Los Angeles

Direction S. of Olympic Bl. and E. of Normandie

Interior

Heating Other/Remarks

Cooling Other/Remarks

Fireplace No

Exterior

Garage Spaces 6.0

Utilities Available Electricity Connected, Natural Gas Connected, See Remarks, Water Connected

View Y/N Yes

Water Access Desc Public

View City Lights

Total Parking Spaces 6

Building

Story 2

Sewer Public Sewer

Water Public

Level or Stories 2

Others

Senior Community No

Tax ID 5078020002

Acceptable Financing Cash, Conventional, Submit

Listing Terms Cash, Conventional, Submit

Special Listing Condition Standard

MLS Router / San Diego MLS
Listed by Sang Ur, DRE#01474940 Redfin Corporation 

NEARBY SCHOOL & BUSINESS

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Jennifer Kleist

Jennifer Kleist

Agent | License ID: 02228818

+1(619) 985-3618

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1107 S Mariposa Avenue