Active

1107 S Mariposa Avenue

Los Angeles, CA 90006
Mark as Favorite
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!

Read More Expand

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

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Bedroom Information

    Total beds: 8

    Bathroom Information

    Total Baths: 5 Full Baths: 5
  • Interior Features

    Appliances: Gas Water Heater
    Laundry Features: See Remarks
  • Heating & Cooling

    Has Heating: Yes Heating: See Remarks Has Cooling: Yes Cooling: See Remarks

  • Building Information

    Year Built: 1904
    Stories: 2
    Pool Features: None
    Private Pool: No
    View: City Lights

  • Lot Information

    Main Square Feet: 5901 Lot Size Acres: 0.1355 Lot Size Source: Assessor Lot Size Square Feet: 5,901 Lot Description: Yard

  • Listing Price Information

    Listing Price: $1650000
    Cash, Conventional, Submit

  • Tax Information

    Parcel Number: 5078020002 Tax Lot: 2 Tax Block: 34

  • Parking Information

    Parking Total: 6

    Garage Information

    Has Garage: Yes Garage Space: 6

  • Utility Information

    Electricity Connected, Natural Gas Connected, See Remarks, Water Connected
  • Location Information

    Direction: S. of Olympic Bl. and E. of Normandie WaterSource: Public
Sell a home like this and save $98,501 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1032 S Westlake Avenue, Los Angeles, CA, 90006 $1,000,000 6 4 --
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
977 Arapahoe Street, Los Angeles, CA, 90006 $1,800,000 7 6 4,542 4,542 SqFt
2300 W 12th Street, Los Angeles, CA, 90006 $1,295,000 9 6 4,032 4,032 SqFt
1605 S Bonnie Brae Street, Los Angeles, CA, 90006 $785,000 5 3 2,294 2,294 SqFt
1703 S Burlington Avenue, Los Angeles, CA, 90006 $995,000 5 4 3,604 3,604 SqFt
1136 Arapahoe, Los Angeles, CA, 90006 $1,400,000 4 8 --
1611 S Bonnie Brae Street, Los Angeles, CA, 90006 $625,000 4 2 1,378 1,378 SqFt
1617 S Bonnie Brae Street, Los Angeles, CA, 90006 $950,000 4 4 4,222 4,222 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 08/21/2026 @ 23:03

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

Homes around $1,650,000

Selling? Save $98,501 when you sell a home like this

Tour with a ByOwner Agent