1241 4th Avenue

Los Angeles, CA 90019

  • 2 Bed(s)
  • 1 Bath(s)
  • 4,910 Sqft
  • 8102
    Sqft(Lot)
$1,650,000

Description

Exceptional 4-unit investment opportunity in mid-wilshire, situated between koreatown and arlington heights. this very well-maintained, fully fenced, and secured fourplex features 4 spacious 2-bedroom, 1-bath units, each over 1,200 sq. ft., with each unit having its own in-unit washer and dryer. the property sits on a large 8,100 sq. ft. lot with a building size of over 4,900 sq. ft., zoned lard1.5, offering future development potential. all units will be delivered vacant, allowing for immediate renovations and up to 37% rental upside, with each unit having the potential to rent north of $3,000 per month. once stabilized, the pro forma cap rate is projected at 6.34%, ensuring strong returns. additional highlights include a 4-car garage, with two garages currently set up as an accessory space. every unit is separately metered gas and electricity. located in a highly desirable neighborhood within a 15-minute drive to koreatown, hollywood, and downtown la, this is a rare opportunity to own a turnkey, income-generating property in one of la’s most sought-after areas.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    48545214

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Fireplace: See Remarks

    Cooling Features

    • Wall/Window Unit(s)
    • Air Conditioning

    Heating Source

    • Central
    • Has Heating

    Fireplace

    • Fireplace Features: See Remarks
    • Has Fireplace: 1

  • Building Information

    • Year Built: 1922
    • Building Area Total: 4,910

    Pool Features

    • None

    Laundry Features

    • Inside

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.186
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 8102

  • Listing Price Information

    • Original List Price: 1,650,000
    • Listing Contract Date: 2025-02-07

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 5081013008

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: C17 - Mid-Wilshire
    • Postal Code Plus 4: 3431
    • Directions: Off W. Pico Boulevard
    • Zoning: LARD1.5
    • Source Property Type: Residential Income
    • Area: C17 - Mid-Wilshire
    • Property SubType: Quadruplex

    Building and Construction

    • Property Age: 103
    • Common Walls: 2+ Common Walls
    • Structure Type: Quadruplex
    • Year Built Source: Public Records
    • Entry Level: 1
    • Entry Location: 1
    • Property Attached: Yes
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 02/25/2025 @ 09:04

  • MLS: SR25024850
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 2 bedrooms which is for sale, it has 4,910 sqft, 8,102 sized lot, and 4 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Los Angeles , in zip code 90019, this Los Angeles County Home are nearby neighborhoods.