See Home Value
$999,000*
House - Off Market

616 N Mariposa Avenue

Los Angeles, CA 90004
bedrooms
5 Beds
bathrooms
2 Baths
square feet
1998 Sqft
$900,000 - $1,098,000
Reference Base Price*
0.00%
Since Dec 1, 2023
CA-Los Angeles
Primary Model
Sold Jan 10, 2024
$960,000
$2,112,500 by Center Street Lndg Viii Spe Ll
Mortgage Due Jan 10, 2054

About This Property

Premier multi-family development opportunity! Property is zoned R3 allowing for more density on this parcel. The subject property is located within the Transit Oriented Communities (TOC) incentive program area. The parcel has been designated with a Tier 1 designation. The site is a single family residence that will be delivered vacant. It is centrally located near Hollywood, Koreatown, Beverly Hills, Downtown LA, Staples Center, Dodger Stadium and freeways. Minutes to Larchmont Village shopping, Melrose, Paramount Pictures Studios and Koreatown.

The manager has listed the unit size as 1998 square feet.
Unit Size
1,998Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$500
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1922

Price History

Date / Event Date Event Price
Jan 10, 2024 Sold $960,000
Sold
Nov 21, 2023 No longer available -
No longer available
Sep 1, 2023 In contract -
In contract
Aug 22, 2023 Relisted $1,250,000
Relisted
Aug 22, 2023 Price Decreased $999,000
↓ $251K (20.1%)
Price Decreased
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1922
  • Effective Year Built: 1922
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: B
  • Construction Type: Wood
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 7,123
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,998
  • Building Area: 1,998
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Floor/wall
  • Heated Square Feet: 1,998
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ARDMORE HEIGHTS TRACT
  • Land Acres: 0.164
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ARDMORE HEIGHTS LOT/SEC 18

Ownership

  • Current Owner : DUNN DEVELOPMENT II LLC
  • Previous Owner : STEPHEN AND KATHLEEN EDRINGTON TRUST
  • Ownership Rights Codes: Trustee/Conservator

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 192610

Zoning

  • Zoning: LAR3

Geography

  • Assessors Map Reference: 34-E5
  • Parcel: 5520-004-004
  • Lot: 18
  • Municipality: WEST /KOREA TOWN
  • Latitude: 34.0818
  • Longitude: -118.299

    Address

  • Full Address: 616 N Mariposa Ave
  • Address - House Number: 616
  • Street Direction: N
  • Address - Street Name: Mariposa
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C025
  • 4-Digit Zip Code: 2808
  • Zip Code: 90004

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,940
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.0677
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 96
  • Final Value: 1,187,647
  • High Value: 1,268,125
  • Low Value: 1,107,170

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,112,500
  • First Open Lien Mortgage Lender: CENTER STREET LNDG VIII SPE LL
  • First Open Lien Mortgage Recording Date: Jan 10, 2024
  • First Open Lien Mortgage Loan Amount: $2,112,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jan 10, 2054

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $315,154
  • Assessed Land Value: $219,951
  • Assessed Improvements Value: $95,203

    Sales

  • Current Sale Contract Date: Sep 28, 2023
  • Current Sale Recording Date: Jan 10, 2024
  • Current Sale Transaction ID: 11918747440
  • Current Sale Price: $960,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 21172

    Last Sale Mortgage

  • First Mortgage Lender: CENTER STREET LNDG VIII SPE LL
  • First Mortgage Transaction Date: Jan 10, 2024
  • First Mortgage Loan Amount: $2,112,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
2 Beds
1 Bath
1,380 ft²
$796/ft²
$1,099,000 Aug 30, 2023
-
-
House
3 Beds
1 Bath
1,351 ft²
$659/ft²
$890,000 Feb 9, 2023
-
-
House
3 Beds
3 Baths
996 ft²
$871/ft²
$868,000 Feb 2, 2023
-
-
Multifamily
4 Beds
-
-
$1,000,000 Aug 4, 2023
-
-
Multifamily
4 Beds
-
-
$1,195,000 Feb 9, 2023
-
-
Multifamily
2 Beds
-
-
$888,000 Jul 15, 2023
-
-

About Central LA


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Frequently Asked Questions

When was property at 616 North Mariposa Avenue built and last sold?
The property at 616 North Mariposa Avenue was built in 1922 and last sold on Sep 28, 2023 for $960,000.
How much is this home worth?
The estimated value of the home located at 616 North Mariposa Avenue is $1,262,500.
What are some comparable homes to 616 North Mariposa Avenue?
Homes that are comparable to 616 North Mariposa Avenue include a house property at 441 North Harvard Boulevard, 733 North Alexandria Avenue, 1110 North Ardmore Avenue.

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