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… Read More 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. Read Less
Property listed by Compass, Jacqueline Carroll 310-230-5478
Listing Snapshot
Days Online
5
Last Updated
Property Type
Other
Beds
6
Square Ft.
5,844
Lot Size
0.17 Acres
Year Built
1939
MLS Number
25547151
30 Days Snapshot Of 90008
$1.42M
+5%
(avg) sold price
9
0%
homes sold
92
+13%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Microwave
Building
Built in 1939, Building area total: 5,844, Levels: Two, Living area: 5844, 2 stories, 1 building
Cooling
None
Garage
6 spaces
Heating
ForcedAir
Income
Gross income: $121,752, Net operating income: $82,347
Lot
0.1688 acres, 7,353 square feet, Size: 7,353
Parking
4 open parking spaces, 10 totals parking
Property
Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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