Active
1241 4th AVE
LOS ANGELES CA, 90019
$1,650,000
$336.05 per sqft
Active
2 Beds
1 Bath
4,910 sqft
Multi-family
Built in 1922
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.
SR25024850MR
MLSⓇ ID
February 7, 2025
Listed
February 24, 2025
Updated
Interior Features
Total Stories
2
Bedrooms
2
Total Bathrooms
1
Laundry Description
Inside
Fireplace
Yes
Fireplace Description
Other
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.19 Acres
Sewer
Public Sewer
Other Property Details
Area Name
Mid-Wilshire
Days on Market
1
Garage
Yes
Garage Spaces
4
Parking Total
4
View
No
View Description
None
County
Los Angeles
Water Source
Public
Pool Features
None
Zoning
LARD1.5
Listed by Mona Golastani with RE/MAX One
Listing Contact: 818-577-3334
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Eve Capital shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2025 Combined L.A./Westside MLS. All rights reserved.
Data last updated 2/24/2025