Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    616 Mariposa Ave Avenue, Los Angeles, CA 90004
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    616 Mariposa Ave Avenue
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    • MLS#: OC25006038 ( Multi-Family )
    • Street Address: 616 Mariposa Ave Avenue
    • Viewed: 1
    • Price: $3,600,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 2025
    • Bldg sqft: 0
    • Days On Market: 47
    • Additional Information
    • County: LOS ANGELES
    • City: Los Angeles
    • Zipcode: 90004
    • Provided by: Four Brothers Real Estate, Inc.
    • Contact: Drew Drew
    • California Regional MLS IDX
    • DMCA Notice
    • 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 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!
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    Features
    Property Type
    1. Multi-Family
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836