1241 4Th Avenue
Los Angeles, CA 90019
Active for $1,650,000
Beds: N/A Baths: N/A Structure Size: N/A sqft Lot Size: 8,102 sqft
| MLS | SR25024850 |
| Year Built | 1922 |
| Property Type | Quadruplex |
| County | Los Angeles |
| Status | Active |
| Active | $1,650,000 |
| Structure Size | N/A sqft |
| Lot Size | 8,102 sqft |
| Beds | N/A |
| Baths | N/A |
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.
Listing information courtesy of: Mona Golastani, RE/MAX One . *Based on information from the Association of REALTORS/Multiple Listing as of 02/13/2025 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Alex Vaiz
REALTOR®
Direct: 818.903.3800
Email: Email Me
DRE: 01883496
DRE #01873088
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