Rob Kellner
Compass
(352) 309-1647
12 Total Sales
1 in Arlington Heights
$2,750,000 Price
1241 4th Ave Los Angeles, CA 90019
Arlington Heights NeighborhoodEstimated Value: $1,413,000 - $1,591,000
2
Beds
1
Bath
4,910
Sq Ft
8,102
Sq Ft Lot
Highlights
- No HOA
- Cooling System Mounted To A Wall/Window
- Level Lot
- Fireplace
- Central Heating
About This Home
As of August 2025Exceptional 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.
Last Agent to Sell the Property
RE/MAX One Brokerage Phone: 818-577-3334 License #01505983 Listed on: 02/07/2025
Last Buyer's Agent
RE/MAX One Brokerage Phone: 818-577-3334 License #01505983 Listed on: 02/07/2025
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Property Details
Home Type
- Condominium
Year Built
- Built in 1922
Lot Details
- Two or More Common Walls
Parking
- 4 Car Garage
Home Design
- Entry on the 1st floor
Interior Spaces
- 4,910 Sq Ft Home
- 2-Story Property
- Fireplace
- Laundry in unit
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
Amenities
- Laundry Facilities
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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 7, 2025
Closed on
Aug 7, 2025
Sold by
Bought by
Seller's Agent
Mona Golastani
RE/MAX One
Buyer's Agent
Mona Golastani
RE/MAX One
List Price
$1,650,000
Sold Price
$1,500,000
Premium/Discount to List
-$150,000
-9.09%
Views
4
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$15,367
Avg. Annual Appreciation
-1.06%
Purchase Details
Closed on
Mar 14, 2025
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,125,000
Interest Rate
6.67%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 18, 2007
Sold by
Bought by
Purchase Details
Closed on
Apr 23, 1998
Sold by
Bought by
Purchase Details
Closed on
May 11, 1994
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Arlington Heights, CA
-
Rob Kellner
-
Angelo Fierro
Angelo Fierro
Compass
(213) 277-2416
63 Total Sales
1 in Arlington Heights
$775,000 Price
-
Jeeb O'Reilly
Jeeb O'Reilly
The Agency
(888) 568-5439
35 Total Sales
1 in Arlington Heights
$2,547,800 Price
-
Colt Maloney
Colt Maloney
Figure 8 Realty
(213) 513-7683
62 Total Sales
1 in Arlington Heights
$2,736,250 Price
-
Mary Perdomo
Mary Perdomo
Responds QuicklyDouglas Elliman
(818) 412-8566
11 Total Sales
1 in Arlington Heights
$1,050,000 Price
-
Amalia Ochoa
Amalia Ochoa
The Proud Crowd Inc.
(424) 348-7667
30 Total Sales
1 in Arlington Heights
$975,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | California Best Title | ||
| $1,500,000 | California Best Title | ||
| -- | None Available | ||
| -- | Chicago Title | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $1,125,000 | ||
| Previous Owner | $195,000 | ||
| Previous Owner | $213,000 | ||
| Previous Owner | $215,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/14/2025 08/14/25 | Sold | $1,500,000 | -9.1% | $305 / Sq Ft |
| 03/11/2025 03/11/25 | Pending | -- | -- | -- |
| 02/07/2025 02/07/25 | For Sale | $1,650,000 | -- | $336 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $2,127 | $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 |
Source: Public Records
Agents Affiliated with this Home
-
Mona Golastani
Seller's Agent in 2025
Mona Golastani
RE/MAX
(818) 346-7362
1 in this area
120 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR25024850
APN: 5081-013-008
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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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