616 N Mariposa Ave Avenue

Los Angeles, CA 90004

$3,600,000

List Price

N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten / sqft

2025

calendar_month Built

Property Description

Coming Soon in the Opportunity Zone: 616 N Mariposa Ave—a brand-new, architecturally stunning fourplex that seamlessly blends luxury living with exceptional investment potential in the heart of Hollywood. Each thoughtfully designed unit features 3 spacious bedrooms and 3.5 bathrooms, all with en suite baths and custom closet systems for optimal organization and style. Expansive living spaces provide the perfect balance of functionality and elegance, while kitchens are outfitted with exquisite white oak cabinets, under-cabinet lighting, and striking white and gray marble countertops with full miter edges and waterfall islands offering ample additional storage. Every unit is equipped with a brand-new stainless steel appliance package, including a refrigerator, dishwasher, stove, washer, and dryer, complemented by fully paid-off solar panels for added energy efficiency. Floor-to-ceiling windows, multiple balconies, and private rear yards create an elevated living experience, while high-end aluminum-grade windows provide exceptional soundproofing and durability. Unlike many new builds that compromise living areas to add bedrooms, these units prioritize spacious layouts ideal for gatherings and everyday comfort. The tech package features Ring cameras on entry doors and exterior areas, Nest thermostats for HVAC, smart garage doors, advanced smart appliances, and comprehensive network wiring throughout for seamless connectivity. The Gold-rated Green Certified building ensures sustainability and cost savings, making this a modern, eco-friendly choice. The property includes 8 parking spaces (4 covered, 4 uncovered) with the potential to add 4-6 more, offering a rare opportunity to convert both garages into ADUs while still maintaining 10+ on-site parking spaces. Delivered vacant or leased, this non-rent-control property is projected to achieve conservative pro forma rents with a 5.5% cap rate, with significant upside potential through future ADU conversions. Each unit is EV ready and separately metered for utilities, ensuring a low-maintenance, hands-off investment. The fully enclosed lot features a new vinyl fence along the sides and rear, with a custom wrought iron gate and automatic opener at the front, providing privacy and security. Also included in the sale is a 1-year builder warranty! Located in a prime area near Larchmont Blvd, Silver Lake, and Hollywood. Ready for lease-up starting February 1st! Excellent investment with huge tax saving opportunities!

Listing Information

List Price $3,600,000
Status Active
MLS OC25006038
HOA $0
Type Residential Income
Subtype Quadruplex
Year Built 2025
Lot Size 7,124
Structure Size N/A
Courtesy Of Four Brothers Real Estate, Inc.
Listing Agent Drew Dunn DRE#01941825

Interior Features

Laundry Information
Location(s) Washer Hookup, Electric Dryer Hookup, Inside
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Flooring Information
Material Vinyl, Wood
Fireplace Information
Features None
Additional Information
Additional Features Built-in Features, Balcony, Living Room Deck Attached, Open Floorplan, Recessed Lighting, Wired for Data, Bedroom on Main Level, Walk-In Closet(s)
Cooling Type
Cooling Type Central Air, High Efficiency

Exterior Information

Maps

Listing information courtesy of: Drew Dunn, Four Brothers Real Estate, Inc. 949-413-7911. *Based on information from the Association of REALTORS/Multiple Listing as of Jan 31st, 2025 at 1:57 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.