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1241 4th Avenue, 
Los Angeles, CA 90019

$1,650,000


Bed


Bath


4,910

Sq Ft


Multi-Family

Pending

Listed by

Mona Golastani

RE/MAX One

818-879-2266

Last updated:

July 11, 2025, 07:07 AM

MLS#

SR25024850

Source:

CRMLS

About This Home

1241 4th Avenue

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.

Home Facts

Multi-Family

Built in 1922

Price Summary

1,650,000

$336 per Sq. Ft.

MLS #:

SR25024850

Last Updated:

July 11, 2025, 07:07 AM

Added:

5 month(s) ago


Rooms & Interior

Interior

Living Area:

4,910 Sq. Ft.


Structure

Structure

Building Area:

4,910 Sq. Ft.

Year Built:

1922


Lot

Lot Size (Sq. Ft):

8,102


Finances & Disclosures

Finances

Price:

$1,650,000

Price per Sq. Ft:

$336 per Sq. Ft.

Source:CRMLS
Based on information from California Regional Multiple Listing Service, Inc. as of July 13, 2025 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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