1 of 30

Want to see this property?

1241 4th Avenue

Los Angeles, CA 90019

– beds
– baths
– sqft
8,102 sqft lot
1922 build
– on site

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.

Listed By CRMLS_CA / Mona Golastani / RE/MAX One / 818-577-3334

Last checked: Checking… • Last updated Feb 8, 2025 •

MLS# SR25024850 —

This property is listed in more than one place. See it here.

The Building

Year Built:

1922
Year Built Source:

Public Records
New Construction:

No
Building Area Total:

4910.00
Building Area Units:

Square Feet
Total Number Of Units:

4
# of Buildings:

1
Stories Total:

2
Entry Level:

1
Common Walls:

2+ Common Walls
# of Separate Gas Meters:

4
# of Separate Water Meters:

1
# of Separate Electric Meters:

4

Interior

Levels:

Two
Entry Location:

1
Fireplace:

Yes
Fireplace:

See Remarks
Laundry:

Inside
Laundry:

1

Location

Directions:

Off W. Pico Boulevard
Latitude:

34.04835500
Longitude:

-118.32118500

The Property

Property Type:

Residential Income
Subtype:

Quadruplex
Zoning:

LARD1.5
Lot Features:

Level
Lot Size Area:

8102.0000
Lot Size Acres:

0.1860
Lot Size SqFt:

8102.00
Lot Size Source:

Assessor
View:

None
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

2129.00
Tax Tract:

212900
Tax Lot:

77

The Listing

Special Listing Conditions:

Trust
Parcel Number:

5081013008

Heating & Cooling

Heating:

1
Heating:

Central
Cooling:

Yes
Cooling:

Wall/Window Unit(s)

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Features:

Sidewalks
Association:

No
Pool:

None
Senior Community:

No
Private Pool:

No
Assessments:

Yes
Assessments:

Unknown

Parking

Parking Spaces:

4.00
Garage Spaces:

4.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
2/7/25 Feb 7, 2025	Listed / Active	CRMLS_CA	$1,650,000

Multifamily For Sale

$1,650,000

Listing provided by broker:

Mona Golastani

RE/MAX One

818-577-3334

Want a closer look?

Go see 1241 4th Avenue

Or Call Toll Free 1-800-241-3327

We guarantee that we’ll never spam you.

* indicates a required field

More homes

Newest listings in Los Angeles, CA

Similar sold homes

This multifamily located in Central LA, Los Angeles, CA 90019 is currently for sale for $1,650,000. 1241 4th Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 15 days. 1241 4th Avenue is in the Central LA neighborhood of Los Angeles and has a WalkScore® of 86, making it very walkable. This multifamily is in the attendance area of Carson-Gore Academy Of Environmental Studies, Pio Pico Middle School, and Los Angeles Senior High.

Listing Courtesy of: CRMLS_CA and RE/MAX One. Based on information from California Regional Multiple Listing Service, Inc. as of 05:30 on Feb 22.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.