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1107 S Mariposa Avenue
Single Family Residence 
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1107 S Mariposa Avenue 
$1,650,000
Offered at
Los Angeles, CA 90006
Los Angeles County
8
Beds
5
Baths
2,588
Sq Ft
5,902
Lot Sq Ft
1904
Year Built
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…
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!
Facts & Features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 5
- Full bathrooms: 5
Cooling
- Cooling: See Remarks
Appliances
- Included: Gas Water Heater
- Laundry: See Remarks
Features
- Has fireplace: No
Interior area
- Total interior livable area: 2,588 sqft
Property
Parking
- Total spaces: 6
- Garage spaces: 6
Features
- Stories: 2
- Has private pool: No
- Has view: Yes
- View features: City Lights
Lot
- Size: 0.14 Acres
- Features: Yard
Details
- Parcel number: 5078020002
Construction
Type & style
- Home type: Residential
- Property subtype: Single Family Residence
Condition
- Year built: 1904
Location
Mike Zwarg
Broker / Owner
951-528-0626
mike@mzhomes.us
mike@mzhomes.us
Listing Office: Redfin Corporation · Listing Agent: Sang Ur · CRMLS
The property listing information on this website comes in part from the California Regional Multiple Listing Service (CRMLS) via Internet Data Exchange (IDX). Information is deemed reliable but is not guaranteed accurate by the MLS, and all properties are subject to prior sale, change, or withdrawal. This data is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than identifying properties consumers may be interested in purchasing. Buyers should independently verify all information, including square footage, lot size, schools, and property condition.
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1107 S Mariposa Avenue, Los Angeles, CA 90006
951-528-0626
mike@mzhomes.us
mzhomes.us
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