4-Unit Apartment
1322 4th Ave, Los Angeles, CA 90019
For Sale
$1,250,000
Tenant-occupied units include upgraded interiors, in-unit laundry in two residences, and separate gas and electric metering.
Property Size3,872 SF
Days on Market98
Property Features for 1322 4th Ave
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Additional Details
Multifamily Units
Building Details
Building Size
Year Built
Listing Agency:
Mega Realty
Listed By:
Boyoung Im · License #01411399
From the agent's profile:
(213) 284-2929, (323) 692-9900, (213) 703-6486
View profile
Source:
Rochellemaize
Added: Aug 4
Changed: Oct 31
Last Checked: Nov 8 at 1:39PM
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 Mega Realty
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Investment Insights
Based on property information with market context.
Built in 1922, this four-unit apartment property includes a mix of two-bedroom and one-bedroom residences. Two apartments have been updated with wood flooring and remodeled kitchens featuring granite countertops. Two units also include washers and dryers, providing added in-unit convenience. The roof was replaced 2-3 years ago, and gas and electricity are separately metered for each unit.
All four residences are currently tenant-occupied. The property is located in Los Angeles, California, at 1322 4th Ave.
All four residences are currently tenant-occupied. The property is located in Los Angeles, California, at 1322 4th Ave.
Key Highlights
- Four‑unit property with a mix of two‑bedroom and one‑bedroom residences
- Two units feature wood flooring and kitchens remodeled with granite countertops
- Washers and dryers are included in 2 units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,619
Cap Rate
5.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,352,380
$1.4M
Cap Rate 7%
$965,986
$966.0K
Cap Rate 9%
$751,322
$751.3K
Market Conditions
NOI Build-Up for 3,872 SF
Gross rent
$104.5K $27.00/SF
− Vacancy
−$7.9K −$2.05/SF
EGI
$96.6K $24.95/SF
− OpEx
−$29.0K −$7.48/SF
NOI
$67.6K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,352,380
Cap Rate 7%
$965,986
Cap Rate 9%
$751,322
Alternative Uses
Best Use
Multifamily LT 5
$966.0K
$845.2K – $1.13M
NOI $67,619 @ 7.0% cap · market cap 5.41%
Second Best
Apartment 5plus
$890.1K
$778.8K – $1.04M
NOI $62,304 @ 7.0% cap · market cap 4.98%
Theoretical Best
Office A
$1.62M
$1.41M – $1.89M
NOI $113,163 @ 7.0% cap · market cap 9.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,687
Businesses Nearby
Explore this area
Business Placement
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
$1,178,100
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Los Angeles, CA
Properties on Market for Quadplexes in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Tenant-occupied units include upgraded interiors, in-unit laundry in two residences, and separate gas and electric metering.
Where is this quadplex located?
The property is located at 1322 4th Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Four‑unit property with a mix of two‑bedroom and one‑bedroom residences; Two units feature wood flooring and kitchens remodeled with granite countertops; Washers and dryers are included in 2 units
