1415 N Mariposa, Los Angeles, CA 90027
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
1415 N Mariposa,Los Angeles, CA 90027
$1,850,000
- 6 Beds
- - Baths
- 3,816 sq. ft.
- Multi-family
- Active
Listed by: levon terzian
Office: hiline inc.
MLS#:CRSR26027276
Source:Bay East, CCAR, bridgeMLS
Price summary
- Price:$1,850,000
- Price per sq. ft.:$484.8
About this home
Prime Redevelopment Opportunity – High-Density SB 79 Site with Approved ADU in Hollywood Outstanding opportunity to acquire a 4-unit apartment property positioned for significant redevelopment upside in one of Hollywood's most desirable and transit-oriented residential neighborhoods. The existing improvements include two 2-bedroom / 2-bath units and two 1-bedroom / 1-bath units, all featuring formal living rooms, formal dining rooms, oversized kitchens, and private balconies. The property is located within a high-density residential zone qualifying for enhanced development incentives under California SB 79, allowing substantial residential density increases beyond base zoning standards. When paired with SB 35 ministerial approval pathways and SB 330 development streamlining and vested rights protections, this site offers a rare opportunity for by-right multifamily expansion with reduced entitlement risk and accelerated timelines. Approved plans for an additional 2-bedroom ADU are already in place, providing immediate near-term income upside while longer-term redevelopment options are explored. The zoning and statutory framework make this property ideal for unit count expansion, vertical addition, or full redevelopment, subject to buyer verification. Ideally situated walking dis...
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Home facts
- Year built:1921
- Listing ID #:CRSR26027276
- Added:51 day(s) ago
- Updated:March 29, 2026 at 02:22 PM
Rooms and interior
- Bedrooms:6
- Flooring:Bamboo, Wood
- Living area:3,816 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Year built:1921
- Building area:3,816 sq. ft.
- Lot area:0.16 Acres
- Architectural Style:Quadruplex
Finances and disclosures
- Price:$1,850,000
- Price per sq. ft.:$484.8
Features and amenities
- Laundry features:Common Area, Dryer
Parking
- Parking description:Assigned
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