1221 5th Avenue 3 Los Angeles, CA ^$ 1,499,999

1221 5th Avenue 3

^$ 1,499,999

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1221 5th Avenue 3

Los Angeles, CA, 90019

^$ 1,499,999

Bedrooms4 Baths4.0 Sq 4,004

Monthly Estimate*

^$ 10,478

Listed by The CSSA Group

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Multi-Family Home for sale in Los Angeles, CA

for $1,499,999 with 4 bedrooms and 4 full baths. This 4,004 square foot home was built in 1921 on a lot size of 0.1791.

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.

Multi-Family Active

Price

^$ 1,499,999

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Spanish

Lot Size

0.1791

Year Built

1921

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

SR24004569

Days on Market

108

Features

General

Sewer PublicSewer

Heating NaturalGas

Cooling WallWindowUnits

Utilities ElectricityAvailable NaturalGasAvailable SewerAvailable

Possession CloseOfEscrow Negotiable SeeRemarks

Zoning LARD1.5

Garage Spaces 0.0

Architectural Style Spanish

Pool Features None

Year Built 1921

Electric Standard

Tenant Pays CableTV Electricity Gas SeeRemarks

View CityLights

Stories 2

Levels Two MultiSplit

Unit Number 3

Property SubType Quadruplex

Gross Income 0.0

Community Features Park

Accessibility Parking SeeRemarks

County Los Angeles

Net Operating Income 0.0

Operating Expense 0.0

Insurance Expense 0.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Contingency NONE

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions Olympic and Crenshaw

City Los Angeles

Entry Location Front or Rear

View Y/N Y

Senior Community Y/N N

Total Units 4

MLS Area C17 - Mid-Wilshire

Lot Size Square Feet 7802.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Number of Units Leased 2

Street Name 5th

Listing Terms Cash CashtoExistingLoan Conventional FHA FannieMae FreddieMac

Spa Features None

Property Attached Y/N Y

Land Lease Y/N N

Home Warranty Y/N N

Current Financing Conventional FHA FannieMae FreddieMac

Trash Expense 0.0

Water Sewer Expense 0.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 91

Building Area Units SquareFeet

Standard Status Active

Year Built Source PublicRecords

Tax Lot 115

Total Actual Rent 2228.0

Property Sub Type Additional Quadruplex

Exterior

Parking Features Driveway Gated Private OneSpace SeeRemarks Uncovered

Lot Features Item25UnitsAcre

Water Source Public

Total Parking 0.0

Lot Size Area 7802.0

Number of Buildings 1

Spa N

Building Area Total 4004.0

Lot Size Acres 0.1791

Lot Size Units SquareFeet

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 4

Number of Separate Electric Meters 4

Road Frontage Type CityStreet

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Fireplace Features DiningRoom FamilyRoom

Total Stories 2

Common Walls Item1CommonWall

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Fireplace Y/N Y

Street Suffix Avenue

Laundry Features SeeRemarks

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 1221

* Excluded Features

List By

The Cssa Group

Broker

(661) 333-7233

Phone

Affordability Calculator

$10,478

Per Month

Monthly Principal & Interest: $10,478
Monthly Property Taxes: --
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,999,871

Percent of Sale Price 33%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/11/2024	$1,499,999	-3.23%	Price Down
2/8/2024	$1,550,000	-3.13%	Price Down
1/12/2024	$1,600,000		Listed Price

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1221 5th Avenue 3, Los Angeles, CA, 90019 is a Multi-Family Home for sale at $1,499,999 with 4,004 sqft and a lot size of 0.1791. 1221 5th Avenue 3 has 4 bedrooms, 4.0 baths, and was built in 1921. The property's zip code is 90019 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 4/28/2024. 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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1221 5th Avenue 3

Multi-Family Home for sale in Los Angeles, CA

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