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$1,240,000
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Property Description
A very rare investment opportunity in the heart of Los Angeles, this quadraplex property at 1221 5th Ave, Los Angeles, CA 90019, offers a blend of urban and city living with a classic charm. Boasting four individual units, each unit provides comfort and functionality, this property is ideal for savvy investors seeking rental income. With each unit having 1 bedroom, 1 den (large size, no closet) and 1 bathroom with the rear of the building having multiple parking spots for each tenant. The well-maintained exterior showcases the timeless architecture of the area, while the interiors feature standard amenities. Conveniently located near shopping, dining, and entertainment, this quadraplex provides residents with easy access to the vibrant and colorful lifestyle of Los Angeles. Don't miss the chance to own this income-generating gem in a prime location.
Full Property Details
Full Property Details for 1221 5th Ave
General
- Sold For: $1,240,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: SR25058764
- Added to Site: 341 day(s) ago
Interior
- Rooms/Areas: Entry
- Interior Features: 2 Staircases
- Fireplace(s): None
- Appliances: None
- Flooring: Wood
Rooms
Other Rooms
- Laundry: None
Additional Information
- Pool Description: None
- Spa Description: None
Parking
- Parking Features: Assigned
- Parking: Assigned
Location
- Area: C17 - Mid-Wilshire
- County: Los Angeles
- Development Name: C17 - Mid-Wilshire
- Driving Directions: Olympic and Crenshaw
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Wall Furnace
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 4
- # Electric Meters: 4
Structural Information
- Foundation: See Remarks
- Roof: Flat
- Windows: Wood Frames
- Entry Location: front and rear
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 4,004
- Year Built: 1921
Lot Features
- Property View: None
- Lot Size (Acres): 0.1791
- Lot Size Source: Assessor
- Zoning: LARD1.5
- Lot Description: 2-5 Units/Acre
Financial Considerations
- Price Per Sq. Ft.: $309.69
- Price Per Unit: 350000
Listed by The CSSA Group, Michael Enriquez and The CSSA Group, Nabil Suleiman
Sold by Avenue Realty Group, Jonathan Rawson
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Schools
Schools serving 1221 5th Ave
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
Arlington Heights Elementary School 1717 7th Avenue, Los Angeles, CA 90019 | K-5 | 0.6 mi |
Pio Pico Middle School 1512 Arlington Avenue, Los Angeles, CA 90019 | 6-8 | 0.4 mi |
Los Angeles Senior High School 4650 West Olympic Boulevard, Los Angeles, CA 90019 | 9-12 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1221 5th Ave
Date
Details
Price
Change
Source
6/03/2025
Sold
$1,240,000
-11.43%
MLS
3/17/2025
Listed
$1,399,999
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1221 5th Avenue, Los Angeles, CA 90019 (MLS# SR25058764) is a Multi-Family property that was sold at $1,240,000 on June 03, 2025. Want to learn more about 1221 5th Avenue? Do you have questions about finding other Multi-Family real estate for sale in Mid-Wilshire? You can browse all Mid-Wilshire real estate or contact a Coldwell Banker agent to request more information.

