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

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