1241 4th Avenue
Los Angeles, CA 90019
0.19 acres | #SR25024850
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.
Property Details
- Property TypeMulti-Family
- Sewer InformationPublicSewer
- CountyLos Angeles
- Original List Price$1,650,000
- MLS #SR25024850
- Property SubtypeQuadruplex
- MLS #SR25024850
- Cost1650000
- Utility SourcePublic
- Lot DescriptionLevel
- Acres0.186
- Year Built1922
- Stories2
- Parking Spaces4
Location
Legal
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. 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
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Mona Golastani (#F207058578)
Listing Office: RE/MAX One (#F3188003)
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