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$ 1,650,000
Est. payment /mo
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1107 S Mariposa AVE Los Angeles, CA 90006
5,902 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26151099
HOA Y/N No
Year Built 1904
Lot Size 5,902 Sqft
Property Sub-Type Duplex
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 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!
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Interior
Cooling See Remarks
Fireplaces Type None
Fireplace No
Laundry See Remarks
Exterior
Garage Spaces 6.0
Garage Description 6.0
Pool None
Community Features Street Lights, Sidewalks
Utilities Available See Remarks
Total Parking Spaces 6
Private Pool No
Building
Lot Description Yard
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5078020002
Acceptable Financing Cash, Conventional, Submit
Listing Terms Cash, Conventional, Submit
Special Listing Condition Standard
Listed by Sang Ur Redfin Corporation #01474940
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