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
Price:
$1,650,000
MLS #:
SR25024850
Status:
Active
Baths:
0
Address:
1241 4th Avenue
Type:
Residential Income
Subtype:
Quadruplex
Neighborhood:
c17midwilshire
City:
Los Angeles
Listed Date:
Feb 7, 2025
State:
CA
ZIP:
90019
Lot Size:
8,102 sqft / 0.19 acres (approx)
Year Built:
1922
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Schools
Interior
Cooling
Wall/ Window Unit(s)
Fireplace Features
See Remarks
Heating
Central
Exterior
Community Features
Sidewalks
Garage Spaces
4.00
Lot Features
Level
Parking Spots
4.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
View
None
Water Source
Public
Financial
Association Fee
0.00
Map
Community
- Address1241 4th Avenue Los Angeles CA
- AreaC17 – Mid-Wilshire
- CityLos Angeles
- CountyLos Angeles
- Zip Code90019
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1241 4th Avenue
Los Angeles, CA
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