1244 5th Ave, Los Angeles, California 90019, Los Angeles, 90019 - 0 bed, 0 bath
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1244 5th Ave
Los Angeles, California 90019
ACTIVE
CONDITION: POOR
0Beds
0Baths
5,088Sq Ft
8,102Lot Size
Property Price
LIST PRICE$2,600,000
EST. MARKET VALUE
$2,556,882
SUMMARY
This High-Potential Investment Opportunity is a Quadruplex listed at a List Price of $2,600,000, which is slightly above the $2,556,883 Fair Market Value. With a Condition Rating of 5, the property requires significant capital improvements to modernize its 1915 vintage infrastructure. The 8,102-square-foot lot provides substantial upside through potential ADU expansion, while the 5,088 square feet of building space offers large, competitive unit layouts. This asset is best suited for Buy-and-Hold Investors or Value-Add Developers focused on long-term rental yield optimization.
Estimated Market Value
$2,556,882
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1244 5th Ave Subject 0 bd · 0 ba · 5,088 sqft · $503 | $2,600,000* List Price | 0 | 0 | 5,088 | $503 | - |
A 1121 5th Avenue Active 0 bd · 0 ba · 4,669 sqft · $525 · 0.2 mi | $2,450,000 List Price | 0 | 0 | 4,669 | $525 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
The property was built in 1915 (109 years old) and the listing lacks any mention of recent renovations to kitchens, bathrooms, or critical systems like HVAC and electrical. The marketing focus on 'investment potential' and the absence of interior photos strongly suggest the units are in original or significantly dated condition, likely requiring a full rehab to meet modern safety and functional standards.
PROSSTRENGTHS & OPPORTUNITIES
- Substantial Building Scale
With over 5,000 square feet of building space, this quadruplex offers unusually large units for its type, providing a competitive edge in attracting long-term tenants seeking spacious living quarters.
- Strategic Mid-LA Location
Situated in the high-demand 90019 zip code, the property benefits from central proximity to major transit corridors, shopping, and dining, ensuring a consistent pool of rental applicants.
- Value-Add Lot Potential
The oversized 8,102-square-foot lot offers significant potential for future expansion, such as adding Accessory Dwelling Units (ADUs), to further maximize the property's income stream.
CONSRISKS & DEFICIENCIES
- Vintage Infrastructure
Built in 1915, the property likely requires ongoing maintenance and capital improvements to modernize aging systems and meet current seismic retrofitting standards.
- High Acquisition Cost
The $2.6 million price point represents a significant capital investment that may result in a lower initial cap rate until rents are optimized to current market levels.
About 1244 5th Ave
Prime Investment Opportunity in Los Angeles! Discover the potential of 1244 5th Ave, a four-unit residential income property offering an exciting opportunity for investors! Situated on an approximately 8,102-square-foot lot with 5,088 square feet of building space, this two-story multifamily property offers an attractive addition to any real estate portfolio. Conveniently located near shopping, dining, major thoroughfares, and everyday amenities, the property combines location, versatility, and long-term investment potential. Whether you’re expanding your portfolio or entering the multifamily market, this is an opportunity you won’t want to miss!
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1915
- Lot Size
- 8,102 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Arlington Heights Elementary School
Grades K-5 • 0.5 mi
3/10
Queen Anne Place Elementary School
Grades K-5 • 0.6 mi
7/10
Carson-Gore Academy Of Enviornmental Studies
Grades K-5 • 0.6 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 5,088 | 2,090.331 |
| Lot Size | 8,102 | 5,852.908 |
| Price | $2.60M | $830.9K |
| Price per sq ft | $511 | $394 |
| Built year | 1915 | 1928 |
| HOA | $0 | $0 |
| Days on market | 26 | 87 |
Pricing History
Listed for Sale
Oct 14, 2026
$2,600,000
Initial Listing
Sold
Jul 29, 1999
$285,000
Public Record