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1415 N Mariposa

Los Angeles, CA 90027
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Bed 6

Bed

Bath 6

Bath

SqFt3,816

Sqft

SqFt6,791

Sqft(Lot)

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 veste d 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 walking distance to Los Feliz Village, acclaimed restaurants, boutique retail, and everyday amenities. The property is also minutes from Kaiser Permanente, Children’s Hospital Los Angeles, and Hollywood Presbyterian Medical Center, and conveniently close to major studios and employment centers throughout Hollywood and Los Angeles. A rare Hollywood redevelopment asset offering existing cash flow, approved ADU plans, and exceptional density bonus and streamlining advantages under SB 79, SB 35, and SB 330.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,750,000

AD Id : 79962999

MLS Id : SR26121368

Beds : 6

Lot Size : 6,791 Sqft

Living Area Size : 3,816

Year Built : 1921

Garage : 2

County : Los Angeles

  • Map Map

Map

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Feature Features

  • Interior Features

    Balcony
    Appliances: Gas Range, Water Heater, Dryer
    Laundry Features: Common Area
  • Heating & Cooling

    Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: Central Air

  • Building Information

    Year Built: 1921
    Building Area Total: 3816
    Stories: 2
    Pool Features: None
    Private Pool: No
    View: None

  • Lot Information

    Main Square Feet: 6791 Lot Size Acres: 0.1559 Lot Size Source: Assessor Lot Size Square Feet: 6,791 Lot Description: 0-1 Unit/Acre,Rectangular Lot,Street Level

  • Listing Price Information

    Listing Price: $1750000
    Cash

  • Tax Information

    Parcel Number: 5543026023 Tax Lot: 16

  • Parking Information

    Parking Total: 7 Assigned

    Garage Information

    Has Garage: Yes Garage Space: 2

  • Utility Information

    Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Location Information

    Direction: NORMANDIE STREET / SUNSET BLVD WaterSource: Public
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Nearby Home Value

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3362 Bellota, Los Angeles, CA, 90027 $2,100,000 5 5 2,728 2,728 SqFt
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1321 Sanborn, Los Angeles, CA, 90027 $2,250,000 5 2 1,786 1,786 SqFt
1325 Talmadge, Los Angeles, CA, 90027 $1,499,500 3 2 1,413 1,413 SqFt
4541 Russell Avenue, Los Angeles, CA, 90027 $1,750,000 5 3 2,592 2,592 SqFt
4541 Russell Avenue, Los Angeles, CA, 90027 $1,750,000 5 3 2,592 2,592 SqFt
4629 Clarissa, Los Angeles, CA, 90027 $1,750,000 4 4 3,596 3,596 SqFt
3901 De Longpre Avenue, Los Angeles, CA, 90027 $1,080,000 4 4 --

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ByOwner last updated this listing 08/04/2026 @ 05:16

MLS: SR26121368 LISTED BY: Levon Terzian, HiLine Inc. 818-290-7000 SOURCE: CRMLS

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