$3,065,000
 $16,454 est/mo Sourced by Back At You

616 N Mariposa Ave Avenue,Los Angeles, CA 90004

Los Angeles, CA 90004

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Description

Located in an Opportunity Zone, 616 N. Mariposa Ave is a brand-new, architecturally striking fourplex that combines luxury design with exceptional long-term investment potential in one of Los Angeles' strongest rental markets. Each thoughtfully designed residence offers 3 spacious bedrooms and 3.5 bathrooms with en-suite baths, custom closet systems, expansive open-concept living areas, and premium designer finishes throughout. Chef's kitchens feature custom white oak cabinetry, under-cabinet lighting, waterfall marble islands with full miter edges, premium stainless steel appliances, and abundant storage. Every unit includes a refrigerator, dishwasher, range, washer and dryer, paid-off solar, EV-ready infrastructure, separate utility metering, smart home technology, Ring security, Nest thermostats, and integrated network wiring. Floor-to-ceiling aluminum windows, multiple private balconies, and exclusive rear yards create an elevated residential experience rarely found in new construction. Unlike many newer developments that sacrifice living space to maximize bedroom count, these homes offer oversized, functional floor plans designed for today's renters. Beyond its exceptional in-place income, the property offers one of the most compelling value-add opportunities available in the market. The existing garage configuration presents the potential to convert both garages into ADUs while maintaining ample on-site parking, increasing the property from 4 to 6 units and expanding the rentable living area to approximately 6,737 square feet. Based on conservative projections, this improvement has the potential to increase the stabilized cap rate from approximately 6.08% to 7.75%, creating substantial additional value and long-term cash flow. The fully enclosed property features custom wrought iron gates with automatic entry, new vinyl fencing, and includes a one-year builder warranty for added peace of mind. This non-rent-control asset offers immediate flexibility for investors seeking either maximum rental income or a premium value-add strategy. Ideally situated just minutes from Larchmont Village, Hollywood, Silver Lake, Koreatown, and major employment centers, 616 N. Mariposa Ave represents a rare opportunity to acquire a trophy-quality new construction asset with significant built-in appreciation potential through future ADU expansion.

Details

MLS #OC26164658
Listing TypeFor Sale
Sub-TypeNew Construction
StatusActive
Year2025
Days On Site24
Listing Provided ByFour Brothers Real Estate, Inc. | Drew Dunn

Features

SQ Feet6,106
Garage4
Story(s)3
Units4
Building(s)2
ZoningLAR3
Acreage0.16
Property ViewYes

Interior

CoolingCentral Air, High Efficiency
HeatingCentral
Heating Yes / NoYes
Cooling Yes / NoYes
Interior FeaturesBuilt In Features, Balcony, Living Room Deck Attached, Open Floorplan, Recessed Lighting, Wired For Data, Bedroom On Main Level, Walk In Closets
AppliancesDishwasher, Electric Cooktop, Electric Range, Electric Water Heater, Disposal, High Efficiency Water Heater, Microwave, Water Heater, Dryer, Washer
Fireplace Yes / NoNo

Exterior

Security FeaturesSecurity System, Carbon Monoxide Detectors, Fire Sprinkler System, Security Gate, Security Lights
Lot FeaturesFront Yard, Lawn, Landscaped, Street Level
FencingVinyl, Wrought Iron

Parking

Parking FeaturesDoor Multi, Garage, Garage Door Opener, Gated, On Site, Side By Side, Tandem, Uncovered
Garage Yes / NoYes

Utilities

SewerPublic Sewer

Location

Community FeaturesStreet Lights

Area Information

StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90004
AreaC20 Hollywood
Listing VS Median (in 90004)
Price:
$3,065,000
low | high
Med:
$1,799,900
91.275693311582% of Average
sqft:
6,106
low | high
Med:
6,150
49.279397314117% of Average
$ / sqft:
$502
low | high
Med:
$293
91.695834692768% of Average
On site:
24
low | high
Med:
109
22.018348623853% of Average
Sourced by Back At You

Market Activity 90004

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Contact

Learn More About This Property

David Hong

David Hong

Coldwell Banker Commercial

02207128 (760) 617-8885david.hong@cbcinland.com
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90004
AreaC20 Hollywood
Listing VS Median (in 90004)
Price:
$3,065,000
low | high
Med:
$1,799,900
91.275693311582% of Average
sqft:
6,106
low | high
Med:
6,150
49.279397314117% of Average
$ / sqft:
$502
low | high
Med:
$293
91.695834692768% of Average
On site:
24
low | high
Med:
109
22.018348623853% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $2.298M - $3.831M
sqft: 4,500 - 7,500
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Listing Updated: July 28, 2026 at 3:24:56 PM PDT