Redevelopment Deal in East Hollywood!

$1,999,000

923 N Mariposa Ave

# of Existing Units: 1

Lot SF: 9,000

Zoning: RD1.5-1XL

Opportunity Zone: Yes

Bldg SF: 2,283

TOC: Tier 3

Year Built: 1919

Area: East Hollywood

Description

A great redevelopment investment opportunity in prime East Hollywood. Currently, a single-family home exists on the spacious 9,000 SF lot. There is the potential to build up to 6 units By-Right or up to 10 units with the TOC or Density Bonus. The lot rests in an amazing location in the up-and-coming East Hollywood.

Location

Nestled in East Hollywood, this location provides the best of everything Central LA has to offer. Subject property sits on Mariposa Ave, right off of the 101 Freeway, providing tenants easy access to major LA neighborhoods. East Hollywood is a vibrant community filled with diverse residents from all over the world. Notable East Hollywood places include LA City College, Kaiser Permanente, Children's Hospital Los Angeles, and Barnsdall Art Park.

Property Highlights

2,283 SF Structure on 9,000 SF Lot
Built in 1919 | Single - Family Residence
Minutes to Los Angeles City College, Children's Hospital Los Angeles, Hollywood Forever Cemetery, & more.
Easy access to Vermont/Beverly Red Line Stop and Vermont/Santa Monica Red Line Stop.
Potential to build up to 6 units by-right or up to10 units with TOC or Density Bonus
Amazing Location in East Hollywood.
Walk Score of 85 - *Very Walkable*
Close Proximity to the 101 Freeway, Santa Monica Blvd, and Silver Lake Blvd, providing easy access to Downtown LA, Hollywood, Central LA, Silver Lake, Los Feliz, and more.