4458 Maplewood Avenue, Los Angeles, California 90004, Los Angeles, 90004 - 4 bed, 2 bath
Loading property details...
Los Angeles, California 90004
This property presents a High-Potential Investment Opportunity with a List Price of $1,075,000—positioned above the $795,700 Fair Market Value. While the price reflects the land's strategic value, the R3 Multiple-Unit Zoning on a 6,523 sqft lot provides significant upside for developers. With a Condition Rating of 6, the structure requires substantial capital investment or demolition. This asset is best suited for Multifamily Developers or Value-Add Investors targeting the high-demand East Hollywood corridor for long-term cash flow and density-driven appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4458 Maplewood Avenue Subject | $1,075,000* List Price | 4 | 2 | 1,909 | $417 | - |
A 206 N Oxford Avenue Sold | $892,125 | 3 | 1 | 1,745 | $511 | 0.4 mi |
B 416 N Hobart Active | $1,060,000 List Price | 3 | 3 | 2,048 | $518 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1924 and unrenovated for over 50 years, the property is explicitly marketed for its R3 zoning and redevelopment potential (8+ units). Interior photos show a failing ceiling, severely dated kitchen and baths with peeling finishes, and a dilapidated detached garage, indicating the value lies in the land rather than the structure.
The property features R3 Multiple-Unit Zoning on a 6,523 sqft lot, offering a rare opportunity to develop 8+ units in a high-growth multifamily market.
Situated in the rapidly evolving East Hollywood/Mid-Wilshire corridor, the asset is positioned in a high-demand rental area with rising market values and strong long-term appreciation potential.
Offered vacant and on the market for the first time in 50 years, the property allows for immediate repositioning or redevelopment without the complications of tenant relocation.
The property is sold in 'as-is, where-is' condition, likely requiring a total teardown or substantial capital investment to address its 1924-era infrastructure.
Development density and zoning capacity are not guaranteed, placing the burden of due diligence and city verification entirely on the buyer, which may impact project timelines.
Exceptional Investment Opportunity ! First Time on the Market in Over 50 Years! Strategically located in the rapidly evolving East Hollywood / Mid-Wilshire corridor of Los Angeles, this rare offering presents significant upside potential for investors and developers alike. Situated on a generously sized lot with R3 Multiple-Unit Zoning, the property offers substantial redevelopment opportunities in one of Los Angeles’ most active rental and multifamily growth markets. Current zoning may allow for the development of 8+ units or potentially more (Buyer to independently verify with the City of Los Angeles). Ideal for a value-add investor seeking to reposition and convert the property into a multifamily apartment development capable of generating strong long-term cash flow and appreciation. The surrounding area continues to experience increasing rental demand, ongoing development activity, and rising market values. Additionally, the property offers flexibility as a long-term hold investment for buyers not immediately pursuing redevelopment. Vacant and ready for immediate acquisition and repositioning. This is a rare opportunity to secure a high-potential asset in one of Los Angeles’ most dynamic and growth-oriented submarkets. Property to be SOLD "AS-IS, WHERE-IS!"
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 4.0 | 28% |
| Square foot | 1,909 | 2,338 | 30% |
| Lot Size | 6,523 | 6,998 | 33% |
| Price | $1.07M | $1.86M | 5% |
| Price per sq ft | $563 | $957 | 15% |
| Built year | 1924 | 1923 | 68% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 146 | 3% |
May 22, 2026
$1,075,000
Initial Listing