4458 Maplewood Avenue, Los Angeles, California 90004, Los Angeles, 90004 - 0 bed, 0 bath
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Los Angeles, California 90004
This property presents a High-Potential Investment Opportunity with a List Price of $1,075,000, positioned above the $786,398 Fair Market Value. While the price reflects the land's strategic value, the Condition Rating of 6 necessitates significant capital for redevelopment. Featuring R3 Multiple-Unit Zoning on a 6,523 sqft lot, this asset offers substantial upside for high-density residential projects in the evolving East Hollywood corridor. This is a strategic land acquisition ideal for Multifamily Developers or Value-Add Investors seeking to maximize long-term cash flow through new construction.
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 | 0 | 0 | 1,909 | $412 | - |
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 on the market for the first time in 50 years, this property shows no signs of modern updates. The kitchen and interior finishes are over 50 years old, and the exterior displays significant deferred maintenance including wood rot on the rear stairs. The listing explicitly targets developers for R3 zoning redevelopment, indicating the value is primarily in the land.
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 property is positioned to benefit from increasing rental demand and rising market values.
The property is delivered vacant, allowing for immediate acquisition and repositioning without the complexities or costs associated with tenant relocation.
The property is sold in 'as-is, where-is' condition, which, given its 1924 construction, likely necessitates a complete teardown or significant capital for repairs.
While R3 zoning is cited, the buyer must independently verify the maximum unit count and development feasibility with the City of Los Angeles, adding a layer of due diligence uncertainty.
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 | 0.0 | 4.0 | 5% |
| Baths | 0.0 | 4.0 | 5% |
| 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 21, 2026
$1,075,000
Initial Listing