Active

1107 S Mariposa Avenue

Los Angeles, CA 90006
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Bed 8

Bed

Bath 5

Bath

SqFt2,588

Sqft

SqFt5,901

Sqft(Lot)

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-Mon th 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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Detail Ic Property Details

Property Type : Residential

Price : $1,650,000

AD Id : 87354155

MLS Id : PF26141844

Beds : 8

Lot Size : 5,901 Sqft

Living Area Size : 2,588

Year Built : 1904

Garage : 6

County : Los Angeles

  • Map Map

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Feature Features

  • Bedroom Information

    Total Bedrooms: 8

    Bathroom Information

    Total Baths: 5 Full Baths: 5

    Water/Sewer

    Water Source: Public Sewer: Public Sewer
  • Interior Features

    Property Appliances: Gas Water Heater Fireplace: None
  • Cooling Features

    See Remarks Air Conditioning

    Heating Source

    See Remarks Has Heating

    Fireplace

    Fireplace Features: None Has Fireplace: 0

  • Building Information

    Year Built: 1904
  • Pool Features

    None

    Laundry Features

    See Remarks

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1355
  • Lot Size Source: Assessor Lot Size Square Feet: 5901

  • Listing Price Information

    Original List Price: 1,650,000 Listing Contract Date: 2026-06-30
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 5078020002

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: C17 - Mid-Wilshire Directions: S. of Olympic Bl. and E. of Normandie Source Property Type: Residential Area: C17 - Mid-Wilshire Property SubType: Single Family Residence
  • Building and Construction

    Property Age: 122 Common Walls: No Common Walls Structure Type: Single Family Residence Year Built Source: Public Records Total Square Feet Living: 2588 Entry Level: 1 Entry Location: 1 Levels or Stories: Two Building Total Stories: 2 Structure Type: House
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1817 W 12th Street, Los Angeles, CA, 90006 $1,599,000 7 -- 3,308 3,308 SqFt
1242 S Bonnie Brae, Los Angeles, CA, 90006 $740,000 4 2 2,207 2,207 SqFt
1324 S Westlake Avenue, Los Angeles, CA, 90006 $800,000 -- -- 4,232 4,232 SqFt
2300 W 12th Street, Los Angeles, CA, 90006 $1,295,000 9 -- 4,032 4,032 SqFt
1703 S Burlington Avenue, Los Angeles, CA, 90006 $1,195,000 5 -- 3,604 3,604 SqFt
1312 Arapahoe, Los Angeles, CA, 90006 $1,200,000 5 2 2,105 2,105 SqFt
1826 S Bonnie Brae Stre.., Los Angeles, CA, 90006 $849,900 6 -- 2,804 2,804 SqFt
1333 Arapahoe Street, Los Angeles, CA, 90006 $995,000 5 3 2,626 2,626 SqFt
1415 Arapahoe Street, Los Angeles, CA, 90006 $1,600,000 6 4 3,641 3,641 SqFt
1118 Elden Avenue, Los Angeles, CA, 90006 $1,995,000 8 -- 4,890 4,890 SqFt

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ByOwner last updated this listing 07/07/2026 @ 17:11

MLS: PF26141844 LISTED BY: Sang Ur, Redfin Corporation 310-409-2885 SOURCE: CRMLS

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