1107 S Mariposa Ave, Los Angeles, CA, 90006
About This Home
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!
Getting Around
Walker's Paradise
Good Transit
BikeableSchools
Construction
Condition
- Year built: 1904
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Gas Water Heater
- Laundry features: See Remarks
Bedrooms & Bathrooms
- Bedrooms: 8
- Bathrooms: 5
- Full bathrooms: 5
- Main level bathrooms: 2
- Main level bedrooms: 2
Features
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Heating & Cooling
- Heating features: See Remarks
- Cooling features: See Remarks
Interior Area
- Total interior livable area: 2,588 sqft
Property
Details
- Parcel number: 5078020002
- Special condition: Standard
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: City Lights
Lot
- Lot size: 5,901 sqft
- Features: Yard
Parking
- Total spaces: 6
- Parking features: Garage
- Has garage: Yes
- Attached garage spaces: 6
- Covered spaces: 6
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Inland Flooding
- Heat Wave
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Los Angeles County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $8,343 | $100,116 |
| Home Insurance * | $375 | $4,500 |
| Property Taxes | $1,665 | $19,980 |
| Electricity | $554 | $6,659 |
| Total | $10,937 | $131,244 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-30 | Listed for sale | $1,650,000 |
| 2021-12-15 | Sold | $1,500,000 |
| 2021-08-27 | Listing removed | -- |
| 2021-08-18 | Listed for sale | $1,690,000 |
| 2016-06-09 | Sold | $850,000 |
| 2016-04-12 | Pending sale | $899,000 |
| 2016-02-10 | Price change | $899,000 |
| 2016-01-27 | Price change | $929,000 |
| 2016-01-21 | Price change | $956,000 |
| 2016-01-08 | Listed for sale | $989,000 |
| 2010-05-13 | Sold | $530,000 |
| 2010-04-09 | Listed for sale | $565,000 |
| 2007-07-05 | Sold | $800,000 |
| 2005-07-26 | Sold | $685,000 |
View on Zillow