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$ 3,600,000
Est. payment /mo
Active
616 N Mariposa Ave Avenue Los Angeles, CA 90004
12 Beds
16 Baths
7,124 Sqft Lot
UPDATED:
02/20/2025 07:01 PM
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC25006038
Bedrooms 12
HOA Y/N No
Lot Size 7,124 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Coming Soon in the Opportunity Zone: 616 N Mariposa Avea 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
Coming Soon in the Opportunity Zone: 616 N Mariposa Avea 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!
Coming Soon in the Opportunity Zone: 616 N Mariposa Avea 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 Los Angeles (90004)
Zoning Seller
Interior
Cooling Central Forced Air
Building
Story 3
Lot Size Range 4000-7499 SF
Level or Stories 3 Story
Listed by Drew Dunn • Four Brothers Real Estate, Inc.
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