CA > Los Angeles
Los Angeles, CA 90027,1412 N Mariposa Avenue
Los Angeles, CA 90027,1412 N Mariposa Avenue
Los Angeles, CA 90027,1412 N Mariposa Avenue
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$1,800,000
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6,789 Sqft Lot
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1412 N Mariposa Avenue Los Angeles, CA 90027

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Disen Cai

Disen Cai

+1(650) 622-2156

UPDATED:

02/28/2025 11:30 PM

Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID CL24458329

HOA Y/N No

Lot Size 6,789 Sqft

Acres 0.16

Property Sub-Type Unimproved Land

Property Description

We are proud to present a Ready-to-Issue (RTI) 73-unit (72 Units + 1 ADU), 100% Affordable Housing Development Opportunity on a 6,789 SF lot in the vibrant neighborhood of East Hollywood. The Accessory Dwelling Unit (ADU) is already approved in the Planning Department Letter of Compliance, enhancing its overall value. The property is in an Opportunity Zone! The proposed development features 19,024 SF of total floor area with 15,062 SF + 382 SF (ADU) of rentable square footage, in a 5-story building design with Type III-A construction. The majority of the 72 + 1 units are efficiency units, with sizes averaging 195 SF. This design allows for significantly lower rental prices compared to neighboring properties while still generating high yields per square foot. The restricted rent levels for the project include 80% designated for TCAC Schedule IX low-income tenants and 20% for HCD Schedule VI moderate-income tenants. East Hollywood is a thriving area known for its rich cultural diversity and strong community. The Mariposa Apartments project is conveniently located within a short walk to Kaiser Permanente and Children's Hospital, making it an ideal residence for healthcare workers and families. The property is situated in a Transit-Priority Zone, with easy access to major public tran

Location

State CA

County Los Angeles

Zoning RD2-

Interior

Fireplace No

Exterior

View Y/N false

View None

Building

New Construction No

Others

Tax ID 5543024017

Bridge MLS
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Jordan Petito • Keller Williams Beverly Hills

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Disen Cai

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+1(650) 622-2156

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