REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 2,999,999
Est. payment /mo
New
1309 N Mariposa Los Angeles, CA 90027
8,074 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID GD26231909
Lot Size 8,074 Sqft
Property Sub-Type Lots/Land
Property Description
RTI DEVELOPMENT OPPORTUNITY | 17-UNIT MULTIFAMILY PROJECT | EAST HOLLYWOOD Rare opportunity to acquire an approximately 8,000-square-foot VACANT development lot/land at 1309 N. Mariposa Avenue, Los Angeles, CA 90027, offered with permitted plans for a 17-unit, four-story multifamily development with subterranean parking. The project is RTI (Ready to Issue), allowing a developer to step into a substantially completed entitlement and permitting process and move toward construction without starting the lengthy approval process from scratch. The thoughtfully designed project features 14 two-bedroom units and 3 one-bedroom units, along with 27 parking spaces. The approved TOC Tier 3 project utilizes a significant density increase over the property's base zoning capacity, maximizing the development potential of this well-located R3 site. An exceptional opportunity for a developer or investor seeking a shovel-ready Los Angeles multifamily project where substantial time, planning, design and entitlement work has already been completed. Buyer to independently verify all plans, permits, approvals, RTI status, zoning, unit mix, affordable housing requirements, development incentives and other property information with the City of Los Angeles and appropriate agencies. However, RTI docs and plans and permits can all be provided to buyer for review. The project incorporates the required affordable housing component, including one Extremely Low Income unit and two Very Low Income units, while the remaining units are unrestricted, creating an attractive mix for a long-term multifamily inve
Location
State CA
County Los Angeles
Direction North of Fountain Avenue.
Interior
Fireplace No
Exterior
Utilities Available Electric, Natural Gas
View Y/N No
Others
Senior Community No
Tax ID 5543027013
Acceptable Financing Cash
Listing Terms Cash
Listed by Argineh Mailian, DRE#02217512 Compass