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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.
Property Type(s):
Residential Income
| Last Updated | 7/28/2026 | Year Built | 2025 |
|---|---|---|---|
| Community | C20 - Hollywood | Garage Spaces | 4.0 |
| County | Los Angeles |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Disposal, Dryer, Electric Cooktop, Electric Range, Electric Water Heater, Microwave, Washer, Water Heater |
| AREA | C20 - Hollywood |
| EXTERIOR | Balcony |
| GARAGE | Yes |
| HEAT | Central |
| INTERIOR | Built-in Features, Open Floorplan, Recessed Lighting, Walk-In Closet(s), Wired for Data |
| LOT | 7122 sq ft |
| LOT DESCRIPTION | Front Yard, Landscaped |
| LOT DIMENSIONS | 7124 |
| PARKING | Garage, Garage Door Opener, Gated, On Site, Side By Side, Tandem |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 3+ |
| STYLE | Contemporary |
| VIEW | Yes |
| VIEW DESCRIPTION | City Lights |
| WATER | Public |
Location
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Listed with Four Brothers Real Estate, Inc.
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, 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 CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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