Seller's Agent in 2025
Jordan Petito
Keller Williams Beverly Hills
(310) 497-4362
1 in this area
23 Total Sales
1412 N Mariposa Ave Los Angeles, CA 90027
East Hollywood Neighborhood
0.16
Acre
$11,225,144
Price per Acre
6,789
Sq Ft Lot
About This Lot
As of May 2025We 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.
Last Agent to Sell the Property
Keller Williams Beverly Hills License #02023714 Listed on: 04/02/2025
Property Details
Property Type
- Land
Est. Annual Taxes
- $13,586
Lot Details
- 6,789 Sq Ft Lot
- Lot Dimensions are 50x136
- Property is zoned RD2-1XL
Listing and Financial Details
- Assessor Parcel Number 5543-024-017
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 27, 2025
Sold by
1412 N Mariposa Partners Llc
Bought by
153 Nissi Holdings Llc
Purchase Details
Closed on
Jul 18, 2023
Sold by
William W Martin Living Trust and Bogner James A
Bought by
1412 N Mariposa Partners Llc
Purchase Details
Closed on
Jun 1, 2004
Sold by
Larson Liwanag B
Bought by
Martin William and Sandoval Robert J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$404,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 21, 2000
Sold by
Baldonado Melissa B
Bought by
Larson James M and Larson Liwanag B
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,500
Interest Rate
9.06%
Purchase Details
Closed on
Apr 13, 1999
Sold by
Lampino Concepcion C Tr Lampino Trust
Bought by
Baldonado Melissa B
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
7.1%
Mortgage Type
Stand Alone First
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,750,000 | Wfg National Title | |
| Grant Deed | $1,100,000 | Wfg National Title | |
| Grant Deed | $505,000 | North American Title | |
| Grant Deed | $245,000 | Benefit Land Title | |
| Grant Deed | $170,000 | Old Republic Title Company |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $120,000 | New Conventional | |
| Previous Owner | $787,500 | New Conventional | |
| Previous Owner | $112,000 | Commercial | |
| Previous Owner | $631,000 | New Conventional | |
| Previous Owner | $568,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $125,000 | Unknown | |
| Previous Owner | $505,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $82,910 | Credit Line Revolving | |
| Previous Owner | $404,000 | Purchase Money Mortgage | |
| Previous Owner | $328,500 | Unknown | |
| Previous Owner | $308,750 | Unknown | |
| Previous Owner | $220,500 | No Value Available | |
| Previous Owner | $136,000 | Stand Alone First | |
| Closed | $50,500 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/30/2025 05/30/25 | Sold | $1,750,000 | 0.0% | $1,096 / Sq Ft |
| 03/31/2025 03/31/25 | Off Market | $1,750,000 | -- | -- |
| 02/01/2025 02/01/25 | For Sale | $1,800,000 | +2.9% | $1,128 / Sq Ft |
| 01/30/2025 01/30/25 | Off Market | $1,750,000 | -- | -- |
| 12/05/2024 12/05/24 | Price Changed | $1,800,000 | -24.2% | $1,128 / Sq Ft |
| 10/30/2024 10/30/24 | For Sale | $2,375,000 | +115.9% | $1,488 / Sq Ft |
| 09/23/2024 09/23/24 | Sold | $1,100,000 | -15.4% | $689 / Sq Ft |
| 05/18/2023 05/18/23 | For Sale | $1,300,000 | +18.2% | $815 / Sq Ft |
| 05/15/2023 05/15/23 | Pending | -- | -- | -- |
| 04/10/2023 04/10/23 | Off Market | $1,100,000 | -- | -- |
| 11/07/2022 11/07/22 | For Sale | $1,300,000 | -- | $815 / Sq Ft |
Source: The MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $13,586 | $1,101,600 | $816,000 | $285,600 |
| 2023 | $9,314 | $745,668 | $596,540 | $149,128 |
| 2022 | $8,885 | $731,048 | $584,844 | $146,204 |
| 2021 | $8,775 | $716,715 | $573,377 | $143,338 |
| 2019 | $8,516 | $695,459 | $556,371 | $139,088 |
| 2018 | $8,391 | $681,823 | $545,462 | $136,361 |
| 2016 | $8,019 | $655,349 | $524,282 | $131,067 |
| 2015 | $7,628 | $622,500 | $498,300 | $124,200 |
| 2014 | $7,628 | $607,900 | $486,600 | $121,300 |
Source: Public Records
Agents Affiliated with this Home
-
Jordan Petito
-
Dario Svidler
Seller Co-Listing Agent in 2025
Dario Svidler
Keller Williams Beverly Hills
(424) 600-7633
10 in this area
55 Total Sales
-
Yun Kwag
Y
Buyer's Agent in 2025
Yun Kwag
New Star Realty
(213) 700-3239
1 in this area
21 Total Sales
-
Rose Beltran
Seller's Agent in 2024
Rose Beltran
Elevate Real Estate Agency
(951) 565-6612
1 in this area
43 Total Sales
-
Manuel Beltran
M
Seller Co-Listing Agent in 2024
Manuel Beltran
Elevate Real Estate Agency
(951) 808-4100
1 in this area
53 Total Sales
Map
Source: The MLS
MLS Number: 24-458329
APN: 5543-024-017
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© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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