6 days on Rocket
$10,000 Closing Credit¹
#SR25048207, John Tran, Listing Office: Luxury Collective
#SR25024850·
Listing Office: RE/MAX One·
Listing Agent: Mona Golastani·
Listing Office Phone: 818-577-3334
$1,650,000 List price
1241 4th Ave Los Angeles, CA 90019
$10,000
Closing credit¹
0.2 acres
Multi-Family
Property details
About 1241 4th Ave
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.
Highlights
Home typeQuadruplex
HeatingCentral
StatusActive
CoolingWall/Window Unit(s)
Lot size0.186 Acres
Year built1922
MLS #SR25024850
Garage4 spaces
FireplaceSee Remarks
Summary
- MLS Number: SR25024850
- MLS Name: CRMLS
- Office Name: RE/MAX One
- Office Phone: (818) 577-3334
- Listing Agent: Mona Golastani
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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/13/2025, 5:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$1,650,000
1241 4th Ave
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $108,521 | $2,048 |
| 2023 | $106,394 | $2,026 |
| 2022 | $104,308 | $1,961 |
| 2021 | $102,264 | $1,907 |
| 2020 | $101,216 | $1,865 |
| 2019 | $99,232 | $1,707 |
| 2018 | $97,287 | $1,681 |
| 2017 | $95,380 | $1,681 |
History based on county public records data.
Nearby schools
4
City Language Immersion Charter
Public Charter KG-5
0.4 mi
•4001 Venice Blvd
7
Global Education Academy 2
Public Charter KG-5
0.5 mi
•1717 7th Ave
4
Arlington Heights Elementary School
Public District KG-5
0.5 mi
•1717 7th Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $40,000. The majority of Los Angeles, CA residents have income less than $<35k annually. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
46%
<35k
38%
35k-100k
12%
100k-200k
4%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
55%
Single, No Kids
11%
Single, with Kids
20%
Married, No Kids
14%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
11%
<11 yrs old
6%
12-17 yrs old
31%
18-34 yrs old
43%
35-64 yrs old
9%
65+ yrs old
What do the neighbors do for fun?
Major League Soccer (MLS)
Pro Boxing
Mexican League Soccer
Where do the neighbors shop?
H&M
Burlington
Foot Locker
Where do the neighbors go to eat?
Popeyes
Boston Market
White Castle
What do the neighbors drive?
Nissan
Honda
Kia
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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This home is located at 1241 4th Ave in Los Angeles, CA and zip code 90019 in the Country Club Park neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since February 7, 2025 and is currently priced at $1,650,000.
Over 212 listings were sold over their listed price in February 2025 in Los Angeles, CA. In the same period over 280 listings were sold below the listed price and 105 listings were sold for the listed price. Between January and February 2025, Los Angeles, CA real estate market has seen increase in the number of listings by 10.8%. In February 2025, listings were on the market for 44 days. During the same period, the median list price in this real estate market was $989,396.
From Rocket Homes Real Estate and based on county public records data.