REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Wed

Feb

Thu

Feb

Fri

Feb

Diego Magdaleno

1Vision Real Estate

diego@1visionproperties.com +1(714) 376-8652

$3,600,000

Est. payment - /mo

7,122 Sqft Lot

Save

UPDATED:

02/17/2025 12:58 AM

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 Sub-Type Quadruplex

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

Read Less Info

Listed by Drew Dunn • Four Brothers Real Estate, Inc. • 949-413-7911

Have questions about this property, other properties, or thinking of selling a similar one? We’re here to help. Simply complete the GET MORE INFORMATION form, and we’ll be in touch shortly!

+1(714) 681-1222

info@1visionproperties.com

GET MORE INFORMATION

QUICK SEARCH

616 N Mariposa Ave AVE Los Angeles, CA 90004