557 N Mariposa Avenue
Los Angeles, CA 90004
- – beds
- – baths
- – sqft
- ~1/2 acre lot
- – on site
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LOCATED IN OPPORTUNITY ZONE. A rare offering in rapidly developing East Hollywood neighborhood and situated between Melrose Ave & Beverly Blvd, two of the most prestigious streets within Los Angeles, on a VACANT TIER ONE double lot comprised of 16,500+/- SF offering MULTIPLE EXIT STRATEGIES: (1) RTI building permits for 12 luxury 2-story townhouse style apt homes over basement garage with unit mix of ten 2BR/2.5BA & two 3BR/2.5BA units, (2) place condo tract map (at buyers expense) on existing RTI permits & sell as individual condos, (3) development opportunity to build up to 21 units per TOC Tier 1 guidelines w/ incentives of reducing open space by 20% and setbacks by 25%, etc, or (4) develop Small Lot Oridinance. Plans & reports available upon request. Centrally located with convenient access to 101 FWY and close to shops/restaurants & near Miracle Mile, Hollywood, Silverlake, Larchmont/Hancock Park & DTLA. SOLD AS IS. Buyer to verify all information.
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Last updated Apr 18, 2024
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MLS# 18382278 —
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
2/15/19
Feb 15, 2019
|
Sold | CRMLS_CA | $1,750,000 |