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1241 4th Avenue
USD 1,650,000
Property ID: SR25024850
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1241 4th Avenue ,90019
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icon 8102 SqFt
icon Built in 1922
icon USD 204/SqFt
icon 0 Bed
icon 0 Full
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Location
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Interior Details
Bedrooms
0
Bathrooms
0
Interior Size
4910
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1922
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Detailed Introduction Of 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.
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Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
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Contact Development/Agent
icon
Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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1241 4th Avenue
USD 1,650,000 0 Beds
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