178 N Mariposa Avenue, Los Angeles, California 90004, Los Angeles, 90004 - 3 bed, 2 bath
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Los Angeles, California 90004
This Value-Add Development Asset is listed at $1,200,000, representing a strategic acquisition aligned with its $1,106,242 Fair Market Value and high-density potential. The property’s primary strength is the LAR3 Zoning on a 6,020 sqft lot, offering a significant safety net for future multi-unit development or a high-end ADU. Currently maintaining a Condition Rating of 5, the home benefits from a new roof (2020), updated water heater (2025), and a private patio. This is a premier opportunity for Real Estate Developers or Owner-Occupants seeking a high-upside investment in a central Los Angeles hub.
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 | $746 | - |
A 241 N Catalina Street Active | $1,295,000 List Price | 3 | 2 | 1,718 | $754 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
While the roof (2020) and water heater (2025) are recent, the interior is significantly dated. The kitchen and bathrooms feature finishes, cabinetry, and linoleum flooring likely from a 1970s-era renovation (>40 years old). Combined with wood-paneled walls and drop ceilings, the property requires a full interior rehab to meet modern standards.
The LAR3 zoning and 6,020 sqft lot provide significant investment upside, allowing for future multi-unit development or the addition of a high-end ADU.
Boasting 50 years of single-family ownership, the home features a newer roof (2020) and water heater (2025), offering rare move-in-ready condition for a 1910 structure.
Ideally situated near Koreatown and Silver Lake, the property offers a peaceful residential feel while remaining minutes from the major employment hubs of DTLA and Hollywood.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
As a property built in 1910, it may require specialized upkeep or future modernization of vintage systems common in century-old homes.
The property does not offer any significant views, which may be a drawback for buyers prioritizing the iconic vistas often sought after in the Los Angeles market.
Los Angeles! SFR R3 Zoning! Water heater unit newly replaced December 2025! Entire roof replacement done yr2020. The garage has been transformed into an awesome storage room! 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! Rarely does a home offer such a perfect harmony of historic soul and meticulous care! 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. 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 |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,608 | 1,672 |
| Lot Size | 6,020 | 6,067 |
| Price | $1.20M | $1.37M |
| Price per sq ft | $746 | $801 |
| Built year | 1910 | 1939 |
| HOA | $0 | $348 |
| Days on market | 112 | 56 |
Apr 1, 2026
$1,200,000
Initial Listing