Property Details
About this Property
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.
MLS Listing Information
MLS #
CRSR25024850
MLS Source
California Regional MLS
Interior Features
Appliances
Other
Cooling
Window/Wall Unit
Heating
Central Forced Air
Exterior Features
Pool
None
Parking, School, and Other Information
Garage/Parking
Garage: 4 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | 4 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
1241 4th Ave is a Residential Income in Los Angeles, CA 90019. This – square foot property sits on a 8,102 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,500,000 and was built in 1922. This address can also be written as 1241 4th Ave, Los Angeles, CA 90019.
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This listing information is up-to-date as of August 14, 2025. For the most current information, please contact Mona Golastani
