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1412 N Mariposa Ave, Los Angeles, CA, 90027

$1,800,000

0.16 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeOther
ViewNone
MLS #24458329
Lot Size0.16 Acres
StatusActive

About 1412 N Mariposa Ave

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 transportation routes, including the Vermont/Sunset Metro Subway Station, further enhancing its appeal to residents who rely ontransit. The property's location offers convenient access to parks and recreational areas (including Barnsdall Park), enhancing the vibrant living experience for residents. With zero parking requirements, developers can eliminate the high costs associated with on-grade parking, further increasing the project's affordability. Additionally, the area boasts an impressive Walk Score of 90, classifying it as a "Walker's Paradise," with a wide range of amenities and services just a short distance away. All entitlement approvals are in place, and the property will be delivered with Ready-to-Issue status and vacant at the close of escrow. No prevailing wage requirements. No SB 8 replacement requirements. No construction lift needed as building is less than 60 feet in height.

Property Details

Property Features

Listing Office:

  • Office Name: Keller Williams Beverly Hills
  • Office Phone: (310) 432-6400
  • Listing Agent: Jordan Petito

Exterior Features

Exterior Information:

  • View: None

Lot Features

Lot Information:

  • Lot Size: 0.16 Acres

Other

Directions Information:

  • Directions: Blocks from the intersection of Normandie and Sunset

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,800,000

Tax Information:

  • Annual Amount: $8,775
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1346

1412 N Mariposa Ave vs Los Angeles

53 DAYS ON ROCKET

+15 Days

$1,800,000

+$778.4K More

KEY TAKEAWAY

This property is $778.4K more than the Median Sold Price in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24458329

Listing Office:

  • Office Name: Keller Williams Beverly Hills
  • Office Phone: (310) 432-6400
  • Listing Agent: Jordan Petito

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/23/2024, 4:20:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 07, 2004Home Sold
$505,000
Jan 03, 2001Home Sold
$245,000
Apr 27, 1999Home Sold
$170,000

Tax History

YEARPROP. TAXASSESSMENT
2021$8,775$716,715
2020$8,515$709,367
2019$8,390$695,459
2018$8,207$681,823
2017$8,207$668,455

History based on county public records data.

Payment Calculator

$9,051

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,463

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1138699
3
/10
  • Ramona Elementary

  • 1133 N Mariposa Ave

  • 0.37 miles

  • Public District Grades KG-6

school-card-donut-1138700
5
/10
  • Kingsley Elementary School

  • 5200 Virginia Ave

  • 0.43 miles

  • Public District Grades KG-5

school-card-donut-1138701
7
/10
  • Los Feliz STEMM Magnet School

  • 1740 N New Hampshire Ave

  • 0.53 miles

  • Public Magnet Grades KG-6

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $29,583. The majority of Los Angeles, CA residents have income less than $35k annually. Most families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1412 N Mariposa Ave

What is the listing price of this property?

The listing price of 1412 N Mariposa Ave property is $1,800,000.

What type of property is this?

The property 1412 N Mariposa Ave is land located in Los Angeles, California, 90027.

Is this property for sale now?

Active Listing: 1412 N Mariposa Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $8,775 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on June 7, 2004 for $505,000. (source: MLS/tax record).

How much acreage is this property?

The property 1412 N Mariposa Ave is 0.16 acres.
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Rocket HomesCaliforniaLos Angeles CountyLos Angeles900271412 N Mariposa Ave

This home is located at 1412 N Mariposa Ave in Los Angeles, CA and zip code 90027 in the Central LA neighborhood. This home sits on a 0.16 acre lot. It has been listed on Rocket Homes since October 30, 2024 and is currently priced at $1,800,000.

Los Angeles, CA housing market in November 2024 saw over 512 listings sold above listed price, more than 177 sold at listed price and over 657 sold below. In November 2024 in Los Angeles, CA there were 0.6% less homes for sale than in October 2024. The median list price of listings available in November 2024 was $1,021,532, while the average time on the real estate market was 38 days.

From Rocket Homes Real Estate and based on county public records data.

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