600 N Mariposa Ave - 600 N Mariposa | 37-Unit RTI ED1 7,119 Acres of Commercial Land Offered at $1,250,000 in Los Angeles, CA 90004

Incredible opportunity to acquire a fully RTI-approved 37-unit, 100% affordable ED1 development site in the heart of East Hollywood. The 7,119 SF LAR3-zoned lot is approved for a five-story Type IIIA, all-wood construction building consisting entirely of one-bedroom units, totaling approximately 18,669 SF of gross building area. Offered at approximately $33,700 per buildable unit — currently the lowest price per unit on the market in the 90029 zip code — this project presents a rare opportunity to secure an RTI affordable development at an unmatched basis. With no on-site parking requirement, the design maximizes density and construction efficiency while materially reducing development costs. Located in the highly desirable 90029 submarket, the property is minutes from Koreatown, Hollywood, and Downtown Los Angeles. The site benefits from close proximity to Metro stations, Kaiser Permanente Medical Center, major employment centers, and strong transit connectivity. East Hollywood continues to experience sustained rental demand driven by healthcare, entertainment, and service-sector employment, making this a compelling opportunity for affordable housing developers and long-term investors seeking long-term, stable returns in one of Los Angeles’ most supply-constrained rental markets.