CA > Los Angeles
Los Angeles, CA 90019,1241 4th AVE
Los Angeles, CA 90019,1241 4th AVE
Los Angeles, CA 90019,1241 4th AVE
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$1,650,000
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8,102 Sqft Lot
Active

1241 4th AVE Los Angeles, CA 90019

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Adam Renick

Adam Renick

+1(619) 678-8186

UPDATED:

02/08/2025 02:36 PM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR25024850

HOA Y/N No

Year Built 1922

Lot Size 8,102 Sqft

Property Sub-Type Quadruplex

Property 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.

Location

State CA

County Los Angeles

Area C17 - Mid-Wilshire

Zoning LARD1.5

Interior

Heating Central

Cooling Wall/Window Unit(s)

Fireplaces Type See Remarks

Fireplace Yes

Laundry Inside

Exterior

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Sidewalks

View Y/N No

View None

Total Parking Spaces 4

Private Pool No

Building

Lot Description Level

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5081013008

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Trust

California Regional MLS (CRMLS)
Listed by Mona Golastani • RE/MAX One • 818-577-3334

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Adam Renick

Agent | License ID: 01979227

+1(619) 678-8186

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1241 4th AVE