739 N Mariposa Ave | Los Angeles, CA 90029 Turnkey, non-rent-controlled investment ideal for a 1031 exchange or any investor. 6.7% CAP RATE. The property has been master leased for $20,500 per month, new owner would only be responsible for property taxes and insurance. Lowest Price Per Square foot for Newer Construction in 90029. Built in 2020, this contemporary green-certified luxury five-plex offers approx. 9,454 sq. ft. of living space and presents investors the rare opportunity to step into a brand-new, cash-flowing asset in one of LA’s fastest-growing neighborhoods. The property features five townhouse-style homes, each thoughtfully designed across three stories with private two-car garages, open floor plans, and abundant natural light from floor-to-ceiling windows. Modern kitchens are equipped with high-end stainless steel appliances, gas ranges, dining islands, and white quartz countertops, while luxe bathrooms feature custom tile and designer finishes. Each unit offers 3 bedrooms and 3 bathrooms, including a flex-room on the main living floor, plus in-unit laundry and central air. The entire property is gated with controlled access, security cameras, and separate utility meters for water, gas, and electric plus an owner’s meter for exterior and irrigation. With no deferred maintenance, investors can plug directly into stable income while enjoying the flexibility of a vacant delivery. Ideally located minutes from DTLA, Silver Lake, and Hollywood, the property sits in the center of major new development and revitalization, surrounded by mixed-use projects, creative offices, and institutional anchors like Netflix, Sunset Gower Studios, and Kaiser Permanente’s expansion campus. This is a rare chance to acquire a 9,454 sq. ft., new-construction luxury multifamily asset with immediate income, growth potential, and prime positioning in one of Los Angeles’ most exciting submarkets.