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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$1,450,000

Est. payment - /mo

6 Beds

6 Baths

5,844 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,844 sqft

Price per Sqft $248

MLS Listing ID 25547151

Bedrooms 6

HOA Y/N No

Year Built 1939

Lot Size 7,352 Sqft

Property Description

4916 5th Avenue is a well-maintained, value-add 6-unit multifamily offering located in the culturally rich and revitalizing Leimert Park neighborhood of Los Angeles. The property consists of six spacious 1-bedroom/1-bathroom units across 5,844 square feet of rentable space, situated on a 7,353 square-foot R3-1 zoned lot. Constructed in 1939, this classic property offers a rare opportunity to invest in one of South LA's most dynamic submarkets.Ownership will benefit from strong in-place income and operational efficiency. Each unit is individually metered for gas and electricity, minimizing landlord responsibilities, which are limited to water, trash, and common-area electricity. On- site amenities include six private garages which may be converted into 1-2 ADUs and additional uncovered parking.Situated near the 10 and 10 Freeways and within minutes of the Crenshaw/LAX Metro Line, the property offers seamless connectivity to major employment centers including Downtown Los Angeles, Culver City, Santa Monica, and Inglewood. Residents also enjoy close proximity to neighborhood landmarks such as Leimert Plaza Park, the Vision Theatre, and a growing selection of local dining and retail options.With its combination of character, cash flow, and long-term upside, 4196 5th Avenue is a rare opportunity for investors seeking stable returns and future growth in one of South LA's most iconic and evolving neighborhoods.

Location

State CA

County Los Angeles

Area Phht - Park Hills Heights

Zoning LAR3

Interior

Heating Forced Air

Cooling None

Fireplace No

Appliance Microwave

Exterior

Garage Spaces 6.0

Garage Description 6.0

Total Parking Spaces 10

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5023022016

Special Listing Condition Standard

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Listed by Jacqueline Carroll • Compass

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4196 5th AVE Los Angeles, CA 90008