100-Unit Pico-Union Project Under Neighborhood Review

One of two partners behind the project is Jamison Properties, the development arm of one of Los Angeles' biggest landlords
1025 Mariposa Rendering
Rendering: Official
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The Pico Union Neighborhood Council’s land-use committee Tuesday evening will review a joint venture’s plans for a 100-unit project centered on 1025 S. Mariposa Ave., its meeting agenda shows. The project is being led by 1017 Mariposa LP, which state business filings show is registered under a partnership that includes an affiliate of developer Jamison Properties.

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Ranging from 1017 to 1031 S. Mariposa Ave., the project site currently holds 12 units in a mix of single-family and multifamily properties that would be demolished to make way for a new six-story residential building. Plans call for roughly 77,000 square feet of new construction with one studio, 79 one-bedrooms, and 20 two-bedrooms.

The applicant is requesting Tier-3 project incentives under the city’s transit-oriented communities program, including an up to 70-percent density bonus. The project would hold 10 units set aside for extremely low-income households, per TOC incentives.

The limited partnership behind the project, which is also registered to Falcon Mariposa QOZ alongside the Jamison affiliate, acquired the project site for about $5.5 million, transactions recorded with the county in 2019 show. The site is located in an Opportunity Zone census tract, potentially offering federal tax breaks to long-term investors in the development.

Amenities that would be involved in the project include a ground-floor fitness area, lounge, and business center spaces, as well as a second-level pool deck.

The project would provide 136 automobile parking spaces and 82 bicycle spaces, with parking accessible via a driveway on Mariposa Avenue.

Photo: Official | A graphic indicating the project site for 1025 Mariposa.
Dean Boerner

Dean Boerner

Dean Boerner is a California-based writer previously with Bisnow and the San Francisco Business Times. He received his bachelor's degree in economics and business from Saint Mary's College of California, where he also served as the editor-in-chief of The Collegian, the school's campus newspaper. Before that, he spent two years as the publication's sports editor, and he remains a committed fan, for better or worse, of his Sacramento Kings, San Francisco Giants, and Saint Mary's Gaels.
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