1241 4th Avenue

Los Angeles CA 90019

0.19 ac.

Multi-Family

Last sold for $1,500,000

Mona Golastani, last sold this property on 14 August 2025 after 44 days on market.

Overview

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 LAs most sought-after areas.

Features

2 bedrooms

1 bathroom

0.19 ac. lot size

Multi-Family

Estimated Value

We need at least 3 similar 2 bedroom multi families sold in Los Angeles over the last 12 months.

Property history for 1241 4th Avenue

2025

Sold

$1,500,000

14 Aug 2025 by Mona Golastani, of RE/MAX One

Happy sellers in Los Angeles

We have insufficient information to provide an overview of customer satisfaction for Los Angeles. Viewing the agent profiles, reviews and sales for Los Angeles can provide insights for this location.