$1,650,000

1107 S Mariposa Avenue, Los Angeles, CA 90006

8 beds |
5 baths

Multi-Family Home
Built in ——
5,902sqft lot
—— car garage
$——/sqft
Listed 1 month ago

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 submarketnotably demonstrated by the successful re

Listing Status:: Active
Date Added:: July 10, 2026
Data Last Updated:: August 24, 2026 at 1:11PM
Listing Office:: Redfin Corporation : 310-409-2885
Listing Agent:: Sang Ur : 213-925-6391
MLS ID:: OC26151099

A/C: Other/Remarks

Pool: N/K

Originating MLS: California Regional MLS
County: Los Angeles

Zoning: Public Rec5078020002

Source: California Regional MLS

This listing courtesy of Sang Ur , Redfin Corporation

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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