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Randy Plaice

randy@randyplaice.com +1(818) 294-0414

$ 1,650,000

Est. payment | -/mo

8 Beds

5 Baths

2,588 SqFt

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$ 1,650,000

Est. payment | -/mo

Save

8 Beds

5 Baths

2,588 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,588 sqft

Price per Sqft $637

MLS Listing ID PF26141844

Bedrooms 8

Full Baths 5

HOA Y/N No

Year Built 1904

Lot Size 5,902 Sqft

Property Sub-Type Single Family Residence

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

Rooms

Main Level Bedrooms 2

Interior

Heating See Remarks

Cooling See Remarks

Fireplaces Type None

Fireplace No

Appliance Gas Water Heater

Laundry See Remarks

Exterior

Garage Spaces 6.0

Garage Description 6.0

Pool None

Community Features Street Lights, Sidewalks

Utilities Available Electricity Connected, Natural Gas Connected, See Remarks, Water Connected

View Y/N Yes

View City Lights

Total Parking Spaces 6

Private Pool No

Building

Lot Description Yard

Dwelling Type House

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Schools

School District Los Angeles Unified

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

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Randy Plaice

Team Leader, Broker Associate | License ID: 01863252

+1(818) 294-0414

randy@randyplaice.com

www.RandyPlaice.com

25101 The Old Road Suite 240, Ranch, Ca, 91381, United States

1107 S Mariposa AVE Los Angeles, CA 90006

Randy Plaice

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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1107 S Mariposa AVE