
1221 4th Ave Los Angeles, CA 90019
Arlington Heights NeighborhoodHighlights
- Wood Flooring
- Landscaped
- Front Yard
- Laundry Room
About This Home
As of July 2018- A core value-add multifamily investment opportunity located in one of the most up-and-coming rental submarkets in Los Angeles.
- 6 Units (Four 1+1s and Two 2+1s)
- Spacious floorplans with dens averaging just over 1,000 sf per unit
- Washer/Dryer hook ups in each unit
- Charming and well-maintained 30s built property
- Current rents approximately 35%-40% below market for comparable units.
- 6 detached parking spaces in rear.
- Excellent palm-tree lined street in the heart of Country Club Park (North of Pico Boulevard).
- Call for offers Wednesday, November 8, 2017
Last Agent to Sell the Property
Greysteel California, Inc. License #01991247 Listed on: 10/11/2017
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1939
Lot Details
- 8,106 Sq Ft Lot
- Two or More Common Walls
- Landscaped
- Front Yard
Parking
- 6 Car Garage
Home Design
- Property Attached
Interior Spaces
- 6,006 Sq Ft Home
- 2-Story Property
- Gas Cooktop
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 8 Bedrooms
- 6 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Additional Features
- Urban Location
- Septic Type Unknown
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 5081
- Tax Tract Number 13
- Assessor Parcel Number 5081013004
Community Details
Overview
- 6 Units
Building Details
- Rent Control
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- Gardener Expense $1,440
- Insurance Expense $3,800
- Maintenance Expense $3,000
- Supplies Expense $600
- Water Sewer Expense $4,027
- New Taxes Expense $15,494
- Operating Expense $28,361
- Gross Income $80,856
- Net Operating Income $52,495
Similar Homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
01/05/2025 01/05/25 | Rented | $2,800 | 0.0% | -- |
10/21/2024 10/21/24 | For Rent | $2,800 | +12.0% | -- |
06/03/2024 06/03/24 | Rented | $2,500 | 0.0% | -- |
05/22/2024 05/22/24 | For Rent | $2,500 | +35.1% | -- |
10/12/2020 10/12/20 | Rented | $1,850 | 0.0% | -- |
09/24/2020 09/24/20 | For Rent | $1,850 | -22.9% | -- |
03/10/2020 03/10/20 | Rented | $2,400 | 0.0% | -- |
02/29/2020 02/29/20 | For Rent | $2,400 | 0.0% | -- |
02/07/2019 02/07/19 | Rented | $2,400 | 0.0% | -- |
01/11/2019 01/11/19 | Price Changed | $2,400 | +6.7% | $2 / Sq Ft |
11/15/2018 11/15/18 | For Rent | $2,250 | 0.0% | -- |
07/06/2018 07/06/18 | Sold | $1,965,000 | -1.8% | $327 / Sq Ft |
04/20/2018 04/20/18 | For Sale | $2,000,000 | +50.4% | $333 / Sq Ft |
01/18/2018 01/18/18 | Sold | $1,330,000 | +2.3% | $221 / Sq Ft |
11/13/2017 11/13/17 | Pending | -- | -- | -- |
10/11/2017 10/11/17 | For Sale | $1,300,000 | -- | $216 / Sq Ft |
Tax History Compared to Growth
Agents Affiliated with this Home
-
Seller's Agent in 2025
Kay Park
Dream Realty & Investments Inc
(213) 675-1413
1 in this area
58 Total Sales
-
Seller's Agent in 2018
Everett Wong
Greysteel California, Inc.
(310) 382-6705
1 in this area
19 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW17242064

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