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Frequently Asked Questions

Frequently Asked Questions

Administrative

Valid government-issued photo identification is required to tour an apartment.

The gross monthly income of all leaseholder(s) will be considered jointly and must equal no less than 2.5 times the monthly market rent amount of the apartment.
 
Prior to approval, all income must be verified by obtaining any of the following:
 
• Copies of last two consecutive payroll check stubs
• Previous year W-2 or 1099
• Copies of last two consecutive bank/financial statements
• Proof of child and/or spousal support payments
• Proof of social security income, disability or other government income
• Proof of retirement or trust fund income
• Current offer letter for income/employment verification
• Proof of assets that meet the income requirement
• If self-employed, previous year’s personal income tax return and two months of personal bank statements must be provided as evidence of sufficient income.
   Leaseholder(s) that hold a job that is based mainly off of tips, bonuses or commission will be considered self-employed
• Financial aid documentation from the student’s school that clearly states portion designated for housing
• Student that do not meet the income requirement need a qualified cosigner
• Income documentation must show the monetary value of the proof of income in U.S. Dollars. A letter from the bank that states the value in U.S. Dollars is acceptable
 

• An account that exceeds 25.0% derogatory will negatively affect the overall scoring, which could result in the denial of the application, or,
 an additional deposit may be required.
• Collection accounts exceeding a combined amount of $500 (excluding student loans and medical debt) will negatively affect the overall scoring, which could result
 in the denial of the application or an additional deposit may be required.
• Bankruptcy if not cleared will be an automatic denial of the rental application.
• A lack of credit or no credit will negatively affect the overall scoring, which could result in the denial of the application or an additional deposit may be required.

Yes, we will run a background check that includes criminal history and residency history.

A $56.44 non-refundable application fee is required per residential application. A $75 non-refundable application fee is required per corporate application.
In addition to the application fee, the applicant agrees to pay a holding fee of $250 for a studio/one-bedroom and $250 for a two-bedroom to hold the unit identified for occupancy by the undersigned upon approval and execution of the lease.
The administrative/holding fee is not a guarantee of approval for residency. A unit will not be held off the market until we receive a completed application and any other required information or monies to rent the unit.
Upon approval of your application, the administrative/holding fee will be applied, at our discretion, toward balances due for security deposits, any rental amount required or any other fees at the time of move-in. If the application is denied, the administrative/holding fee will be refunded in a check made payable to all co-applicants and mailed to one applicant. Cancellation of the unit reservation 48 hours after the date/time that the fee was paid, or 24 hours after application approval, will result in forfeiture of the administrative/holding fee as liquidated damages.
 

Yes, there is a security deposit required. Please contact us for details. 

Lease terms at Mariposa on 3rd are up to 12 months.

Amenities

Pets are permitted, but please review the policy here.  $500 deposit for up to 2 pets, $50 per month pet rent for cat & $75 per dog.

Mariposa on 3rd has a generous community amenities package including a rooftop veranda, a 24-hour fitness center, a co-working space and more. Please visit the Features & Amenities page to learn more. 

Yes, we have a parking garage for residents. 

Location

Please visit our neighborhood page to get detailed directions to Mariposa on 3rd.  

Mariposa on 3rd is located within the LA Unified School District.

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