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Listed by Sang Ur, DRE #01474940 • Redfin Corporation
$ 1,650,000
Est. payment /mo
Active
1107 S Mariposa AVE Los Angeles, CA 90006
8 Beds
5 Baths
2,588 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,588 sqft
Price per Sqft $637
MLS Listing ID CRPF26141844
Bedrooms 8
Full Baths 5
Year Built 1904
Lot Size 5,901 Sqft
Property Sub-Type Single Family Home
Source California Regional MLS
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
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Rooms
Kitchen Other
Interior
Heating Other
Cooling Other
Fireplaces Type None
Exterior
Garage Spaces 6.0
Pool 31, None
Utilities Available Other
View City Lights
Building
Water Heater - Gas, District - Public
Others
Tax ID 5078020002
Special Listing Condition Not Applicable
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