RateMyAgentGo to search
Back 101 S Mariposa Ave
Off Market

101 S Mariposa Ave

Los Angeles CA 90004

4
2
1890 sq. ft.
4796 sq. ft.
Single-Family
Last sold for $1,600,000
WEI CHANGWEI CHANG, last sold this property on 13 November 2025 after 202 days on market.

Overview

Located in the vibrant Koreatown community of Los Angeles, 101 S. Mariposa Avenue offers a rare development opportunity with RTI (Ready-To-Issue) permits in place. The existing property features a charming single-story bungalow with four bedrooms, two bathrooms, a welcoming front deck, and ample driveway parking. The approved plans allow for the construction of a brand-new, four-story contemporary co-living development. The new project will feature 27 private studio suites, each thoughtfully designed to meet the needs of modern urban living. The building will encompass approximately 8,656 square feet on a 4,796.5 square foot lot, designed with contemporary finishes, energy-efficient features, a full sprinkler system, and full compliance with the latest seismic and building codes. Situated just minutes from USC, UCLA, LACC, and LMU, the property benefits from a strong demand for rental housing, making it ideal for student housing or co-living operations. Average monthly rents for studios in Koreatown range from $1,350 to $1,500, supported by a high occupancy rate of 92%. The estimated annual rental income is approximately $437,400 or higher, with projected investor returns between 9.5% and 11.4%. Importantly, this property is located in a non-rent-controlled area, providing greater flexibility and advantage for rental income growth compared to rent-controlled zones. Rental rates are forecasted to increase by approximately 5% annually from 2026 through 2030, offering significant long-term growth potential. Furthermore, this location is poised to benefit from upcoming global events such as the 2026 FIFA World Cup and the 2028 Los Angeles Summer Olympics, which are expected to further boost real estate values across the city. 101 S. Mariposa Avenue presents an outstanding opportunity to invest in a high-demand, centrally located project ready for immediate development and long-term success.

Features

4 bedrooms
2 bathrooms
1890 sq. ft. floor area
4796 sq. ft. lot size
Single-Family

Estimated Value

Based on this property and similar 4 bedroom single-family properties sold in Los Angeles over the last 12 months, the estimated median property value of 101 S Mariposa Ave is $2.96m.

Median value
$2.96m
Estimated value range
$1.19m - $5.58m
Median days on market
21
Estimated value trend
28%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Los Angeles. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 101 S Mariposa Ave

2025
Sold
$1,600,000
13 Nov 2025 by WEI CHANG, of Ameriway Realty
2019
Sold
$900,000
26 Jul 2019 by Myungchul Kang, of Next Commercial Real Estate

Happy sellers in Los Angeles

~%

We have insufficient information to provide an overview of customer satisfaction for Los Angeles. Viewing the agent profiles, reviews and sales for Los Angeles can provide insights for this location.

Local market activity for 4 bedroom single-family properties in Los Angeles

In the last 12 months, 24 four-bedroom single-family properties similar to 101 S Mariposa Ave, have been sold.

This represents a 19% decrease in four-bedroom single-family properties sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Los Angeles

placeholder
Josephine San Lucas

Sellers who recommend Josephine San Lucas have praised them for being local expert, clear communication, supportive, responsive, dedicated, reliable, and hard-working

  •   5   (63 reviews)
  •  1 Review in Los Angeles
  •  2 Sales in Los Angeles
View profile
placeholder
Anne Loveland

Anne Loveland is a recommended agent for Los Angeles.  They have 11 local sales across the last 12 months.

  •  11 Sales in Los Angeles
View profile
placeholder
Sukyoung Lee

Sukyoung Lee is a recommended agent for Los Angeles.  They have 3 local sales across the last 12 months.

  •   5   (20 reviews)
  •  3 Sales in Los Angeles
View profile
placeholder
Kay Kyung Park

Kay Kyung Park is a recommended agent for Los Angeles.  They have 2 local sales across the last 12 months.

  •  2 Sales in Los Angeles
View profile
or
Skip the list and find your ideal agent to sell your propertyFind My Agent
RateMyAgent
Sales:
(619) 566-0008
Quick Links
© 2026 RateMyAgent
Privacy PolicyTerms & ConditionsLicensingSitemap