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616 N Mariposa Ave Avenue

Los Angeles, CA 90004
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Bed 12

Bed

Bath 16

Bath

SqFt7,124

Sqft(Lot)

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 th ermostats, 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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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $3,065,000

AD Id : 88525480

MLS Id : OC26164658

Beds : 12

Lot Size : 7,124 Sqft

Year Built : 2025

Garage : 4

County : Los Angeles

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Feature Features

  • Interior Features

    BuiltInFeatures, Balcony, LivingRoomDeckAttached, OpenFloorplan, RecessedLighting, WiredForData, BedroomOnMainLevel, WalkInClosets
    Appliances: Dishwasher, ElectricCooktop, ElectricRange, ElectricWaterHeater, Disposal, HighEfficiencyWaterHeater, Microwave, WaterHeater, Dryer, Washer
    Laundry Features: WasherHookup, ElectricDryerHookup, Inside
  • Heating & Cooling

    Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: CentralAir, HighEfficiency

  • Building Information

    Year Built: 2025
    Building Area Total: 6106
    Pool Features: None
    Private Pool: No
    View: CityLights

  • Lot Information

    Main Square Feet: 7124 Lot Size Acres: 0.1635 Lot Size Source: Assessor Lot Size Square Feet: 7,124 Lot Description: FrontYard,Lawn,Landscaped,StreetLevel

  • Listing Price Information

    Listing Price: $3065000
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  • Tax Information

    Parcel Number: 5520004004 Tax Lot: 18

  • Parking Information

    Parking Total: 8 DoorMulti, Garage, GarageDoorOpener, Gated, OnSite, SideBySide, Tandem, Uncovered

    Garage Information

    Has Garage: Yes Garage Space: 4

  • Location Information

    Direction: Clinton St and Mariposa Ave WaterSource: Public Security Features: SecuritySystem,CarbonMonoxideDetectors,FireSprinklerSystem,SecurityGate,SecurityLights
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
316 N Virgil Avenue, Los Angeles, CA, 90004 $979,999 6 4 1,278 1,278 SqFt
211 S Hoover Street, Los Angeles, CA, 90004 $2,750,000 3 3 6,448 6,448 SqFt
152 S Westmoreland Avenue, Los Angeles, CA, 90004 $2,200,000 8 4 4,836 4,836 SqFt
548 N Kenmore, Los Angeles, CA, 90004 $1,595,000 8 4 5,276 5,276 SqFt
4214 Rosewood, Los Angeles, CA, 90004 $1,499,000 10 4 4,581 4,581 SqFt
310 N Kenmore Avenue, Los Angeles, CA, 90004 $1,399,000 3 -- 2,496 2,496 SqFt
109 S Catalina Street, Los Angeles, CA, 90004 $1,600,000 8 4 5,540 5,540 SqFt
422 Normandie Place, Los Angeles, CA, 90004 $750,000 5 2.5 1,538 1,538 SqFt
422 Normandie Place, Los Angeles, CA, 90004 $750,000 5 2 1,538 1,538 SqFt
148 S Normandie Avenue, Los Angeles, CA, 90004 $1,750,000 7 6 3,559 3,559 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 07/29/2026 @ 18:33

MLS: OC26164658 LISTED BY: Drew Dunn, Four Brothers Real Estate, Inc. 323-408-1080 SOURCE: CRMLS

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