1241 4th Ave Los Angeles, CA 90019
Arlington Heights NeighborhoodEstimated payment $9,205/month
Highlights
- No HOA
- Cooling System Mounted To A Wall/Window
- Central Heating
- Fireplace
- Laundry Room
- Level Lot
About This Home
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 Agent
RE/MAX One Brokerage Phone: 818-577-3334 License #01505983 Listed on: 02/07/2025
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,049
Year Built
- Built in 1922
Lot Details
- Two or More Common Walls
Parking
- 4 Car Garage
Interior Spaces
- 4,910 Sq Ft Home
- 2-Story Property
- Fireplace
- Laundry Room
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
Utilities
- Cooling System Mounted To A Wall/Window
- Central Heating
Listing and Financial Details
- Tax Lot 77
- Tax Tract Number 212900
- Assessor Parcel Number 5081013008
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $3,000
- Trash Expense $100
- Water Sewer Expense $100
- Operating Expense $3,200
- Gross Income $144,000
- Net Operating Income $141,000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,049 | $110,690 | $65,482 | $45,208 |
| 2024 | $2,049 | $108,521 | $64,199 | $44,322 |
| 2023 | $2,027 | $106,394 | $62,941 | $43,453 |
| 2022 | $1,962 | $104,308 | $61,707 | $42,601 |
| 2021 | $1,908 | $102,264 | $60,498 | $41,766 |
| 2019 | $1,866 | $99,232 | $58,704 | $40,528 |
| 2018 | $1,707 | $97,287 | $57,553 | $39,734 |
| 2016 | $1,585 | $93,511 | $55,319 | $38,192 |
| 2015 | $1,568 | $92,108 | $54,489 | $37,619 |
| 2014 | $1,604 | $90,305 | $53,422 | $36,883 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/11/2025 03/11/25 | Pending | -- | -- | -- |
| 02/07/2025 02/07/25 | For Sale | $1,650,000 | -- | $336 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Chicago Title | |
| Grant Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $195,000 | New Conventional | |
| Closed | $213,000 | Unknown | |
| Closed | $215,000 | Unknown | |
| Closed | $220,300 | No Value Available |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR25024850
APN: 5081-013-008
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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