1241 4th Avenue, Los Angeles, CA 90019

About this fourplex

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.

Listing description from the August 2025 sale, as reported to CRMLS.

Sale history

$1,500,000

Sold August 2025 · listed $1,650,000, on market February 2025 · MLS #SR25024850 · Source: CRMLS

Listing Agent: Mona Golastani · Listing Office: RE/MAX One · Contact: 818-577-3334 · Bought with: Mona Golastani · RE/MAX One

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