616 N Mariposa Ave Avenue
Los Angeles, CA 90004
Listing broker / agent: Four Brothers Real Estate, Inc. · Drew Dunn · 949-413-7911 · CRMLS
MLS # OC26164658 · Last checked Oct 21, 2026 07:01 UTC
About this property
Fully leased with actual rents! 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 6.06% 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 details
- MLS number
- OC26164658
- Status
- Active
- Type
- Residential Income
- Subtype
- Quadruplex
- Lot size
- 0.1635 acres
- Year built
- 2025
More property detailsCollapse
Listing
- Days on market
- 84
Building
- Year built
- 2025
- Year built source
- Owner
- Architectural style
- Contemporary
- Building stories
- 3
- Levels
- Three Or More
- Entry level
- 1
Rooms & interior
- Rooms
- Bedroom, Kitchen, Laundry, Living Room, Primary Bathroom, Primary Bedroom, Other
- Appliances
- Dishwasher, Electric Cooktop, Electric Range, Electric Water Heater, Disposal, High Efficiency Water Heater, Microwave, Water Heater, Dryer, Washer
- Interior features
- Built In Features, Balcony, Living Room Deck Attached, Open Floorplan, Recessed Lighting, Wired For Data, Bedroom On Main Level, Walk In Closets
- Flooring
- Vinyl, Wood
- Heating
- Central
- Cooling
- Central Air, High Efficiency
- Fireplace
- None
- Laundry
- Washer Hookup, Electric Dryer Hookup, Inside
Exterior & parking
- Total parking spaces
- 8
- Garage spaces
- 4
- Parking
- Door Multi, Garage, Garage Door Opener, Gated, On Site, Side By Side, Tandem, Uncovered
- Pool
- None
- Spa
- None
- Lot features
- Front Yard, Lawn, Landscaped, Street Level
- Lot size source
- Assessor
- Fencing
- Vinyl, Wrought Iron
- Property outlook
- City Lights
Utilities & community
- Water
- Public
- Sewer
- Public Sewer
- Community features
- Street Lights
Fees & lease terms
- Association
- No
- Association fee
- $0.00
Nearby public schools
Nearby does not mean assigned. These are approximate straight-line distances from the property, not walking or driving routes. Confirm attendance boundaries, enrollment eligibility, grades and current school status directly with the district.
| School / district | Grades | Distance |
|---|---|---|
| Alexandria Avenue Elementary (school website, opens in a new tab) Los Angeles Unified · Los Angeles | K–5 | 0.3 mi |
| Harvard Elementary (school website, opens in a new tab) Los Angeles Unified · Los Angeles | K–5 | 0.4 mi |
| Dayton Heights Elementary (school website, opens in a new tab) Los Angeles Unified · Los Angeles | K–5 | 0.6 mi |
| Ramona Elementary (school website, opens in a new tab) Los Angeles Unified · Los Angeles | K–5 | 0.7 mi |
| Virgil Middle (school website, opens in a new tab) Los Angeles Unified · Los Angeles | 6–8 | 0.7 mi |
| Everest Value (school website, opens in a new tab) Los Angeles Unified · Los Angeles | K–8 | 0.7 mi |
| Frank del Olmo Elementary (school website, opens in a new tab) Los Angeles Unified · Los Angeles | K–5 | 0.7 mi |
| Kingsley Elementary (school website, opens in a new tab) Los Angeles Unified · Los Angeles | K–5 | 0.7 mi |
Source: California Department of Education · 2025-26 school locations. Downloaded Oct 2, 2026 UTC. This annual snapshot may not reflect later changes. Public schools only; not a complete list of education options. No ratings or attendance assignments are provided.
Check the California School Directory ↗Price and tax history
Asking price
- Current asking price
- $3,065,000
- MLS-reported original asking price
- $3,065,000
| Observed (UTC) | Asking price |
|---|---|
| Oct 20, 2026 23:18 | $3,065,000 |
MLS values are reported for this listing, not prior sales. Observation dates show when our importer saw an asking price, not when the MLS changed it. Up to 24 observations are retained; changes between refreshes may be missed. This is not a complete price or sales history.
Property taxes
Tax history is not available from the imported listing data.
Source: MLS feed. Only supplied tax years are shown, up to 10 years; this is not a county tax archive. Amounts may be corrected and taxes may change after purchase. Verify assessments and current taxes with the county. These values do not automatically fill the payment calculator.
Market trends in Los Angeles
Active residential homes for sale in Los Angeles, CA, available through this website's authorized feed. Includes residential subtypes; excludes rentals. Not the entire market or a valuation of this property.
Observed price activity · past 30 days
558 currently active listings have an observed price-change pair ending in this period. A listing can appear in both counts.
Calculated 2026-10-21 07:34 UTC. Source: this website's authorized MLS inventory. Import progress, freshness rules and coverage affect the figures. Medians exclude missing/invalid values; price per sq ft is the median of individual listing ratios. Price observations are limited to the last 24 per listing and may miss changes between refreshes. This is not a complete 30-day market report, historical inventory trend, appreciation measure, or sold-price analysis.
Payment calculator
Explore a fixed-rate loan scenario. The price comes from this listing; a 20% down payment and 30-year term are starting assumptions, not requirements. Enter your own interest rate—not APR—and estimated costs.
Illustration only—not a rate quote, preapproval, lending offer or affordability determination. Assumes equal monthly payments on a fully amortizing fixed-rate loan; no adjustable rates, interest-only periods or balloon payments. Excludes closing costs, utilities, maintenance, special assessments and other unentered costs. Actual payments and escrow can differ. Review a Loan Estimate with your lender.
Understanding homeownership costs — CFPB ↗