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Listed by Levon Terzian, DRE #01792635 • HiLine Inc.
$1,750,000
Est. payment /mo
6,791 Sqft Lot
Active
1415 N Mariposa Los Angeles, CA 90027
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSR26121368
Year Built 1921
Lot Size 6,791 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
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 w
Location
State CA
County Los Angeles
Area C20 - Hollywood
Rooms
Kitchen Oven Range - Gas
Interior
Heating Central Forced Air
Cooling Central AC
Flooring Bamboo
Laundry Laundry Area, Dryer
Exterior
Parking Features Assigned Spaces
Garage Spaces 7.0
Pool 31, None
View None
Building
Lot Description Grade - Level
Water Hot Water, District - Public
Others
Tax ID 5543026023
Special Listing Condition Not Applicable
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