1545 4th Avenue
Los Angeles, CA 90019
- – beds
- – baths
- – sqft
- 10,501 sqft lot
- 1920 build
- – on site
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We are pleased to present an excellent 5-unit investment opportunity located near Venice Blvd & Arlington Ave in Mid City! Consisting of +/- 5,664 sq. ft. of rentable space, the subject spaciously features two 3 bedroom / 1 bath units, two 2 bedroom / 1 bath units, and one 1 bedroom / 1 bath unit. Three of the five units were completely remodeled and have new kitchens, bathrooms, windows, restored hardwood flooring and built in cabinetry. Capital improvements include new sewer lines replaced in 2020 and updated electrical panels and subpanels. Other amazing advantages of the building include washer/dryers in each unit, individual water heaters in each unit, as well as on-site private parking provided for tenants. More impressive, the building boasts a GRM of 10.8 and CAP rate of 6.9% on current rents! With a generous lot size of +/- 10,501 sq. ft., the opportunities for further improvements to the property are endless. This is a rare opportunity for an investor to acquire a pride of ownership and well maintained property in a great Mid City location just north of Venice Blvd and close to all major attractions such as Los Angeles County Museum of Art, The Original Farmers Market, The Grove, and the Petersen Museum.
Last checked:
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Last updated Apr 24, 2025
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MLS# SR25036332 —
The Building
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Year Built:1920
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Year Built Source:Assessor
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New Construction:No
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Building Area Total:5664.00
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Building Area Units:Square Feet
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Total Number Of Units:5
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# of Buildings:2
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Stories Total:2
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Entry Level:1
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Common Walls:1 Common Wall
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# of Separate Gas Meters:5
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# of Separate Water Meters:1
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# of Separate Electric Meters:5
Interior
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Entry Location:ground
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Laundry:Dryer Included, Washer Included
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Laundry:1
Location
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Directions:Venice Blvd & Arlington Ave
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Latitude:34.04408600
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Longitude:-118.32167600
The Property
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Property Type:Residential Income
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Subtype:Apartment
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Zoning:LARD1.5
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Lot Features:Lot 10000-19999 Sqft
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Lot Size Area:10501.0000
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Lot Size Acres:0.2411
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Lot Size SqFt:10501.00
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Lot Size Source:Assessor
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Block:42
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Tax Census Tract:2181.20
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Tax Lot:10
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5072024012
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Neighborhood:Mid City
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Features:Curbs, Gutters, Storm Drains, Street Lights
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Association:No
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Pool:None
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Senior Community:No
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Private Pool:No
Parking
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Parking Spaces:5.00
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Uncovered Spaces:5.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/24/25
Apr 24, 2025
|
Sold | CRMLS_CA | $1,395,000 | |
|
4/2/25
Apr 2, 2025
|
Pending | CRMLS_CA | $1,395,000 | |
|
3/19/25
Mar 19, 2025
|
Relisted | CRMLS_CA | $1,395,000 |
