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Cindy Russo

cindy.russo@engelvoelkers.com +1(908) 797-8066

$ 1,650,000

Est. payment -/mo

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Active

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

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Sang Ur Redfin Corporation #01474940

NEARBY SCHOOLS & PROPERTIES

Cindy Russo

Global Real Estate Advisor License ID: 02062752

+1(908) 797-8066

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