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1241 4th Avenue

1241 4th Avenue Los Angeles, CA 90019

Multi-Family (2-4 Units) MLS #: SR25024850 Courtesy Of Re/Max One

$1,650,000

2 beds | 1 baths | 4,910 sq ft
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Estimated monthly payments: $7,213/mo.* (recalculate)
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Property InformationDescription

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.

Features

  • Age: Over 50 Years Old
  • Architecture Style: Other
  • Cooling System: Window Unit(s) A/C
  • Heating System: Central Furnace

MAP & DIRECTIONS

MAP & DIRECTIONS

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1241 4th Avenue, Los Angeles, CA 90019
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School Information

1241 4th Avenue, Los Angeles, CA 90019

Elementary School
Grades KG-5 | Public School
CARSON - GORE ACADEMY OF ENVIORNMENTAL STUDIES
Los Angeles, CA 90018
3200 W Washington Blvd
323.­766.5500
Distance: 0.6 mi
School Rating
B-
Student:Teacher Ratio
20:1
Total Students
505
Middle School
Grades 6-8 | Public School
PICO PICO MIDDLE SCHOOL
Los Angeles, CA 90019
1512 Arlington Ave
323.­733.8801
Distance: 0.3 mi
School Rating
C-
Student:Teacher Ratio
17:1
Total Students
403
High School
Grades 9-12 | Public School
LOS ANGELES HIGH SCHOOL
Los Angeles, CA 90019
4650 W Olympic Blvd
323.­900.2700
Distance: 0.8 mi
School Rating
D+
Student:Teacher Ratio
20:1
Total Students
1117
Other Nearby Schools Distance Type Grades School Rating
Sound Of Music Preschool 0.3 mi Private KG
City Language Immersion Charter 0.4 mi Public KG-5 C-
Global Education Academy 2 0.5 mi Public KG-5 A-
Johnnie Cochran Jr. Middle School 0.5 mi Public 6-8 D+
Arlington Heights Elementary School 0.5 mi Public KG-5 C-
Queen Anne Place Elementary School 0.6 mi Public KG-5 B-
Spirit Child Development Center 0.7 mi Private KG
Girls Academic Leadership Academy Dr. Michelle King School Stem 0.8 mi Public 6-12 A+
St Paul Elementary School 0.8 mi Private KG-8
Wilton Place Elementary 0.8 mi Public KG-5 C
Los Angeles Elementary 0.9 mi Public KG-5 C-
Wilshire Park Elementary 0.9 mi Public KG-5 A
Joseph Pomeroy Widney Career Preparatory And Transition Center 1.0 mi Public 11-12
Vista Horizon Global Academy 1.0 mi Public KG-5 C-
Hobart Boulevard Elementary School 1.0 mi Public KG-5 C
Bishop Conaty-our Lady Of Loretto High School 1.0 mi Private 9-12
Crown Preparatory Academy 1.1 mi Public 5
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

Demographic Data

Los Angeles, CA 90019

Median Age: 39.8
Married: 33%
Number of Households: 22,608
Households with Children: 23%
  • Occupancy Types
    • 0 Vacant
    • 0 Owned
    • 0 Rented
  • Transportation to Work
    • 0 Drive
    • 0 Public Transportation
    • 0 Walk / Bike / Other
    • 0 Work at Home
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