Search Results

1241 4th Avenue

Home » All Multifamily Properties » California & West » 1241 4th Avenue

Address: 1241 4th Ave, Los Angeles, CA 90019, USA

California & West + 2-4 Units

Created date: February 7, 2025

Date last updated: March 14, 2025

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.

Under Contract

Request Information

Broker Details

Mona Golastani

Re/Max One (818) 674-1745 MLS ID: F207058578 State License Number: 01505983

Key Property Information

Listing Status:	Under Contract
Listing Type:	Call for offers
Property Types:	2-4 Units
Price:	$1,650,000
No. of Units:	4
Year Built:	1922
Lot Size:	4,910.00 Sq ft
Opportunity Zone:	No
Price per unit:	$412,500
Property Website	Click Here
Number of Bedrooms:	2
Number of Bathrooms:	1

Address: 1241 4th Avenue, Los Angeles, CA 90019, USA

Provided by:

Standard Status: Active Under Contract

MLS Listing Number: SR25024850
ID: 3yd-MRMLSCA-SR25024850

Copyright Disclaimer: Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.