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Three-Story Apartment Building
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1240 4th Ave, Los Angeles, CA 90019

Three-story, 30-unit apartment building with secured entrances, elevator service, and a unit mix of efficiencies, studios, and one-bedrooms.

Property SizeContact for details
Days on Market122

Property Features for 1240 4th Ave

General Information

Standard status Active
Total Parking Spaces 3
Property subtype Multifamily

Additional Details

Multifamily Units 30

Building Details

Stories 3
Listing Agency: Northmarq
Listed By: Brent Sprenkle · License #01290116
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 20 at 7:15PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Northmarq

Investment Insights

Based on property information with market context.

Delphene Manor at 1240 4th Ave is a three-story, 30-unit apartment building constructed in the 1920s. The property features a reinforced brick structure served by two staircases, center hallways, and an elevator. Unit mix includes 6 efficiencies with private bathrooms but no kitchen, 18 studios with kitchens, and 6 one-bedroom, one-bath units.

The building has three parking spaces and all entrances are secured. The property is steps from Pico Boulevard and is located in the Country Club Park neighborhood of Los Angeles.

As part of The Elevate LA Portfolio, the building may be sold together with or separately from two other apartment buildings in the portfolio.

Key Highlights

  • 30‑unit apartment building in Los Angeles (Country Club Park), constructed in the 1920s
  • Unit mix includes 6 efficiencies (no kitchen, private bathroom), 18 studios with kitchen, and 6 one‑bedrooms (1 bathroom)
  • Three‑story building with elevator, two staircases, and center hallways

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store Restaurant Veterinary Clinic Supermarket Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

30
Residential units

Location Intelligence

Trade Area within ½ mile

1,243
Businesses Nearby

Demographics for 90019, CA

62,002
Population
26,203
Households
2.4
Avg Household Size
38
Median Age
39%
College-Educated
80%
High-School Grad
3.9 sq mi
ZIP Area
15,898
Density / Sq Mi
$71,395
Median Household Income
$40,316
Median Earnings
$1,782
Median Rent
$1,178,100
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Three-story, 30-unit apartment building with secured entrances, elevator service, and a unit mix of efficiencies, studios, and one-bedrooms.
Where is this apartment building located?
The property is located at 1240 4th Ave Los Angeles, CA.
What are key features of this property?
This property features: 30‑unit apartment building in Los Angeles (Country Club Park), constructed in the 1920s; Unit mix includes 6 efficiencies (no kitchen, private bathroom), 18 studios with kitchen, and 6 one‑bedrooms (1 bathroom); Three‑story building with elevator, two staircases, and center hallways
(310) 621-8221 Call to check price and availability
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