1415 Mariposa, Los Angeles, CA 90027
Local realty services provided by:ERA North Orange County Real Estate
1415 Mariposa,Los Angeles, CA 90027
$1,850,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: levon terzian8182907000
Office: hiline inc.
MLS#:SR26027276
Source:CAREIL
Price summary
- Price:$1,850,000
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 w
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Home facts
- Year built:1921
- Listing ID #:SR26027276
- Added:6 day(s) ago
- Updated:February 10, 2026 at 05:38 PM
Heating and cooling
- Cooling:Central Air
- Heating:Central Forced Air
Structure and exterior
- Year built:1921
- Lot area:0.16 Acres
Utilities
- Water:District - Public, Hot Water
Finances and disclosures
- Price:$1,850,000
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