616 N Mariposa Ave Avenue, Los Angeles, CA 90004
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
616 N Mariposa Ave Avenue,Los Angeles, CA 90004
$3,065,000
- - Beds
- - Baths
- 6,106 sq. ft.
- Multi-family
- Active
Listed by: drew dunn
Office: four brothers real estate, inc.323-408-1080
MLS#:OC26164658
Source:CRMLS
Price summary
- Price:$3,065,000
- Price per sq. ft.:$501.97
About this home
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....
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Home facts
- Year built:2025
- Listing ID #:OC26164658
- Added:1 day(s) ago
- Updated:July 29, 2026 at 12:37 AM
Rooms and interior
- Flooring:Vinyl, Wood
- Kitchen Description:Dishwasher, Disposal, Electric Cooktop, Electric Range, Electric Water Heater, Microwave
- Living area:6,106 sq. ft.
Heating and cooling
- Cooling:Central Air, High Efficiency
- Heating:Central
- Central air:Yes
Structure and exterior
- Year built:2025
- Building area:6,106 sq. ft.
- Lot area:0.16 Acres
- Lot Features:Front Yard, Landscaped, Lawn, Street Level
- Architectural Style:Contemporary
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$3,065,000
- Price per sq. ft.:$501.97
Features and amenities
- Appliances:Dishwasher, Disposal, Dryer, Electric Cook Top, Electric Range, Electric Water Heater, Washer
- Laundry features:Dryer, Inside, Washer
- Amenities:Balcony, Carbon Monoxide (CO2) Detector, Electric Water heater, High Efficiency Water Heater, Living Room Deck Attached, Open Floor Plan, Recessed Lighting, Walk In Closets, Water Heater
- Smart home:Yes
Parking
- Total parking spaces:8
- Parking description:Door-Multi, Garage, Garage Door Opener, Gated, On Site, Side By Side, Tandem, Uncovered
- Garage:Yes
- Garage spaces:4
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