178 N Mariposa Avenue, Los Angeles, California 90004, Los Angeles, 90004 - 3 bed, 2 bath
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Los Angeles, California 90004
This Development-Ready Residential Asset is listed at $1,200,000, reflecting the premium development potential of the site relative to the $1,139,784 Fair Market Value. Boasting a Condition Rating of 4, the 1910-built home shows pride of ownership with a 2020 roof replacement. The property’s core value is anchored by its LAR3 Zoning and 6,020 sqft lot, providing a significant safety net for future multi-unit development or a high-end ADU. Featuring a massive, park-like backyard near Koreatown, it offers a rare blend of historic soul and investment security. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 178 N Mariposa Avenue Subject | $1,200,000* List Price | 3 | 2 | 1,608 | $709 | - |
A 632 N Mariposa Avenue Sold | $1,190,000 | 4 | 2 | 1,864 | $638 | 0.5 mi |
B 208 S Westmoreland Avenue Sold | $1,250,000 | 3 | 3 | 1,951 | $641 | 0.7 mi |
C 239 S Gramercy Place Sold | $1,330,000 | 3 | 1 | 1,787 | $744 | 0.9 mi |
D 128 S Madison Avenue Active | $1,249,000 List Price | 3 | 2 | 1,320 | $946 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is a 1910 build that shows strong pride of ownership and essential maintenance, including a newer roof (2020) and water heater. However, it has been held by the same family for 50 years and is described as having 'historic soul' and 'good bones' rather than modern updates. While move-in ready, the lack of recent interior renovation details suggests the kitchen, bathrooms, and fixtures are likely dated and would require cosmetic modernization to meet current 'good' or 'excellent' standards.
The LAR3 zoning and 6,020 sqft lot provide significant investment upside, allowing for multi-unit development or the addition of a high-end ADU in a high-demand rental market.
Boasting rare pride of ownership with the same family since 1975, the home features critical updates including a full roof replacement in 2020 and a new water heater in 2025.
The property offers a prime location with easy access to Koreatown, Silver Lake, and Hollywood, situated just 3 miles from Downtown LA and 5 miles from Beverly Hills.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
Originally built in 1910, the property may require specialized long-term maintenance or seismic retrofitting common with century-old structures to meet modern standards.
The property does not offer any significant views, which may be a competitive disadvantage compared to other residential options in the nearby hillside areas.
Los Angeles! SFR R3 Zoning! Rarely does a home offer such a perfect harmony of historic soul and meticulous care. Held by the same family since 1975, 178 N Mariposa Ave is not just a development opportunity; it is a family-maintained, move-in-ready home perfect for an owner-occupant or a sophisticated investor! Unlike many homes of this era, this residence boasts pride of ownership. From the inviting front porch to the spacious 1,608sqft interior, the home feels solid, warm, and exceptionally cared for. Enjoy a spacious 3-bedroom, 2-bathroom layout with 'good bones,' a cozy fireplace, and a massive, lush backyard that feels like a private park in the middle of the city. It's a peaceful sanctuary just minutes from the energy of Koreatown, Silver Lake, and Hollywood - approximately a 3-mile drive to DTLA and a 5-mile drive to Beverly Hills. The LAR3 zoning and 6,020sqft lot provide a massive safety net. Live in or rent out this well-maintained home now while you plan for future development or the addition of a high-end ADU. Same family ownership for over 50 years. Water heater unit newly replaced December 2025. Entire roof replacement done yr2020. Experience the warmth of a true family home and the security of a premier Los Angeles investment.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 47% |
| Baths | 2.0 | 4.0 | 31% |
| Square foot | 1,608 | 2,460 | 11% |
| Lot Size | 6,020 | 7,006 | 24% |
| Price | $1.20M | $1.82M | 16% |
| Price per sq ft | $746 | $878 | 40% |
| Built year | 1910 | 1921 | 9% |
| HOA | $0 | $0 | 50% |
| Days on market | 21 | 189 | 2% |
Apr 1, 2026
$1,200,000
Initial Listing