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1251 4Th Ave, Los Angeles, CA 90019
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1251 4Th Ave Los Angeles, CA 90019

$1,750,000 Sold Price as of 04/12/2022
  • 12 Beds
  • 4 Baths
  • 6,104 Sq.Ft.
Sold
$1,750,000 Sold Price as of 04/12/2022 Refinance Your Mortgage
Map preview of 1251 4Th Ave, Los Angeles, CA 90019

Property Overview: 1251 4Th Ave Los Angeles, CA has 12 bedrooms, 4 bathrooms, 6,104 living square feet and 8,100 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Remarkable investment opportunity for a charming Colonial Revival 4-Plex situated on an expansive 8,100 SF lot in the historic preservation overlay zone of Country Club Park. Nestled between Koreatown and Mid-City, this multifamily home allows seamless access to local shops, restaurants, entertainment, and more. The property greets you with grand gates for added security and private driveway leading to the parking area with covered parking. Each unit provides tenants with oversized windows for an abundance of natural light, sleek hardwood floors in main living, ample storage, private patios/balconies, built-ins, crown molding, and three well-appointed bedrooms per unit. Take advantage of the chance to own in a coveted Los Angeles alcove, home to some of the city's most historic properties. A truly incredible investment with endless potential! Two units will be delivered vacant.

Listed by Meredith Schlosser | BRE #01910316 | Berkshire Hathaway HomeServices California
Last checked: 15 minutes ago | Last updated: April 13th, 2022 | Source CRMLS | DOM: 37

Home details

Lot Sq. Ft
8,100
HOA Dues
$0/mo
Year built
1918
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22118335
City
Los Angeles
County
Los Angeles
Time on Site
891 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,877
  • Total Rent: $1,877
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,912
  • Total Rent: $1,912
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $61,831
  • Gross Operating Income: $103,068
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1251 4Th Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Kitchen Information
  • Has Appliances
  • Dishwasher, Refrigerator
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Assigned, Covered, Uncovered, Driveway
Property Information
  • Has View
  • Total # of Units: 4
  • Parcel Number: 5081013030
  • Architectural Style: Colonial
Location / Neighborhood
Location Information
  • Directions: North of Pico Blvd, South of Country Club Drive.
View more facts & features

Local Los Angeles Agent

Sale History for 1251 4Th Ave

Last sold for $1,750,000 on April 12th, 2022

  • April, 2022

  • Apr 12, 2022

    Date

    Sold

    CRMLS: 22118335

    $1,750,000

    Price

  • Jan 19, 2022

    Date

    Active

    CRMLS: 22118335

    $1,999,000

    Price

  • June, 1999

  • Jun 10, 1999

    Date

    Sold (Public Records)

    Public Records

    $325,000

    Price

  • June, 1996

  • Jun 27, 1996

    Date

    Sold (Public Records)

    Public Records

    $271,584

    Price

Show More

Tax History for 1251 4Th Ave

Assessed Value (2020): $465,865
Year Land Value Improved Value Assessed Value
2020 $286,688 $179,177 $465,865

Home Value Compared to the Market

This property vs the competition

1251 4Th Ave sold on April 12, 2022 for 50.35% higher than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $278.34 per/sqft which puts the price per square foot 63.08% lower than the current median sale per square foot for the city of Los Angeles.

About 1251 4Th Ave

Detailed summary of property

1251 4Th Ave is a multi family that recently sold in Los Angeles, CA 90019. This multi family property offered 12 bedrooms, 4 bathrooms, roughly 6,104 living square feet, and sits on an approximately 8,100 square foot lot. 1251 4Th Ave was first listed on ArdentRealEstateGroup.com on January 19, 2022. The homeowner sold the property for $1,750,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 50.35% higher than the current median priced home. Local homes that are currently for sale include 1717 Crenshaw Blvd, 1248 S Manhattan Pl and 2110 6th Ave. While the average home in Los Angeles, CA is selling in 98 days, 1251 4Th Ave has a days on market of 37 days. There are currently 4006 homes for sale in the Los Angeles real estate market and 2700 of them are single family homes while 1190 of them are condos and 109 are townhomes. For more information on this home for sale at 1251 4Th Ave Los Angeles, CA 90019 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1251 4Th Ave

Public county record property details
Beds
12
Baths
4
Year built
1918
Sq. Ft.
6,104
Lot Size
8,100
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
78
APN
5081-013-030

The source for these homes facts are from public records.

90019 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,399,000
Median List Price/Sq.Ft.
$683
Median Sold Price
$1,500,000
Median Sold Price/Sq.Ft.
$678
Total Inventory
78
Median Sale to List Price %
100.07%
Avg Days on Market
38
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (11.11%), Other (11.11%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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