1241 4th Avenue, Los Angeles, CA 90019 - Berkshire Hathaway HomeServices California Properties

1241 4th Avenue, Los Angeles, CA 90019

$1,650,000 Approx. USD 0 beds, 0 baths

Listing Agent


Mona Golastani | mona.golastanigroup@gmail.com
Lic#: 01505983
Broker: Courtesy of RE/MAX One

Agent Remarks

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 Details

Trust & Probate
Property type: Quadruplex (Multi-Family)
Status: Pending
MLS# SR25024850
Price: $1,650,000
HOA Fee is $0.00
Beds: 0
Baths: 0
See Remarks fireplaces
Built in 1922
2 stories
0.19 acres
Lot size: 0.1860
County: Los Angeles
Zoning: LARD1.5
Lot description: Level
Heating/cooling: Wall/Window Unit(s)
Heating description: Central
MLS area: C17 - Mid-Wilshire

Last Updated: 6/20/2025

 Days On Market (DOM): 32

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This listing belongs to the C17 - Mid-Wilshire MLS area

Lat/Long: 34.048355, -118.321185.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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