1221 5th Avenue # 3, Los Angeles

$1,499,999

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4 Beds
4 Baths
.18 Acre
0 Garage

Introducing a rare investment opportunity in the heart of Los Angeles, this quadraplex property at 1221 5th Ave, Los Angeles, CA 90019, offers a blend of urban and city living with a classic charm. Boasting four individual units, each unit provides comfort and functionality, this property is ideal for savvy investors seeking rental income. With each unit having 1 bedroom, 1 den (large size, no closet) and 1 bathroom with the rear of the building having multiple parking spots for each tenant. The well-maintained exterior showcases the timeless architecture of the area, while the interiors feature standard amenities. Conveniently located near shopping, dining, and entertainment, this quadraplex provides residents with easy access to the vibrant and colorful lifestyle of Los Angeles. Don't miss the chance to own this income-generating gem in a prime location.

Essential Information

MLS® #
SR24004569
Price
$1,499,999
Bedrooms
4
Bathrooms
4.00
Acres
0.18
Year Built
1921
Type
Residential Income
Sub-Type
Quadruplex
Style
Spanish
Status
Active

Community Information

Address
1221 5th Avenue # 3
Area
C17 - Mid-Wilshire
City
Los Angeles
County
Los Angeles
Zip Code
90019
Community Features
Park
Senior Community
N

Amenities

View
City Lights
Pool
None

Utilities

Electricity Available, Natural Gas Available, Sewer Available

Parking

Driveway, Gated, Private, See Remarks, One Space, Uncovered

Garages

Driveway, Gated, Private, See Remarks, One Space, Uncovered

Interior

Heating
Natural Gas
Cooling
Wall/Window Unit(s)
Fireplace
Yes
Fireplaces
Family Room, Dining Room
# of Stories
2
Stories
Two, Multi/Split

Exterior

Lot Description
2-5 Units/Acre

Additional Information

Date Listed
January 11th, 2024
Days on Market
112
Zoning
LARD1.5

Listing Details

Agent
Mike Enriquez
Office
The CSSA Group
Property History
Price Reduced from $1,550,000 to $1,499,999
Price Reduced from $1,600,000 to $1,550,000

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Based on information from California Regional Multiple Listing Service, Inc. as of May 1st, 2024 at 9:55pm PDT. 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.