616 N Mariposa Ave AVE Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90004
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC25006038
HOA Y/N No
Year Built 2025
Lot Size 7,122 Sqft
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!
Location
State CA
County Los Angeles
Area C20 - Hollywood
Zoning LAR3
Interior
Interior Features Built-in Features,Balcony,Living Room Deck Attached,Open Floorplan,Recessed Lighting,Wired for Data,Bedroom on Main Level,Walk-In Closet(s)
Heating Central
Cooling Central Air,High Efficiency
Flooring Vinyl,Wood
Fireplaces Type None
Fireplace No
Appliance Dishwasher,Electric Cooktop,Electric Range,Electric Water Heater,Disposal,High Efficiency Water Heater,Microwave,Water Heater,Dryer,Washer
Laundry Washer Hookup,Electric Dryer Hookup,Inside
Exterior
Parking Features Door-Multi,Garage,Garage Door Opener,Gated,On Site,Side By Side,Tandem,Uncovered
Garage Spaces 4.0
Garage Description 4.0
Fence Vinyl,Wrought Iron
Pool None
Community Features Street Lights
View Y/N Yes
View City Lights
Total Parking Spaces 8
Private Pool No
Building
Lot Description Front Yard,Lawn,Landscaped,Street Level
Story 3
Entry Level Three Or More
Sewer Public Sewer
Water Public
Architectural Style Contemporary
Level or Stories Three Or More
New Construction Yes
Others
Senior Community No
Tax ID 5520004004
Security Features Security System,Carbon Monoxide Detector(s),Fire Sprinkler System,Security Gate,Security Lights
Acceptable Financing Submit
Green/Energy Cert Solar
Listing Terms Submit
Special Listing Condition Standard