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$2,600,000

  • For Sale
  • Active
  • Multi-Family
  • Updated 5 days ago
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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!

Full Property Details for 1244 5th Ave

General

  • Price: $2,600,000
  • Status: Active
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: CV26223647
  • Updated: 10/17/2026
  • Days on Market: 9 days
  • Added to Site: 9 day(s) ago

Rooms

Other Rooms

  • Laundry: Gas & Electric Dryer Hookup, Washer Hookup

Additional Information

  • Pool Description: None

Location

  • Area: C16 - Mid Los Angeles
  • County: Los Angeles
  • Development Name: C16 - Mid Los Angeles
  • Driving Directions: Located north of Pico Blvd and south of Olympic Blvd, west of Arlington Ave. Take 5th Ave toward the property and follow the street to 1244 5th Ave, Los Angeles, CA 90019.

Utilities

  • Water: Public
  • # Water Meters: 4
  • # Gas Meters: 4
  • # Electric Meters: 4

Structural Information

  • Entry Location: Ground level, Front and Rear Entrance
  • Stories/Levels: Two
  • Stories Description: Two
  • Square Feet: 5,088
  • Year Built: 1915

Unit Information

Unit 1

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 2

  • Number of Units: 1
  • Total Bathrooms: 2
  • Bedrooms: 2

Unit 3

  • Number of Units: 1
  • Total Bathrooms: 2
  • Bedrooms: 2

Unit 4

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 3

Lot Features

  • Lot Size (Acres): 0.186
  • Lot Size (Sq. Ft.): 8,102
  • Lot Size Source: Public Records
  • Zoning: LARD1.5
  • Lot Description: Landscaped, Lawn, Yard

Financial Considerations

  • Price Per Sq. Ft.: $511.01
  • Price Per Unit: 650000

Listed by The Kasa Agency Inc., Christopher Mafnas and The Kasa Agency Inc, Mario Ruiz

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Listing agents

— 1244 5th Ave —

  • Christopher Mafnas

    The Kasa Agency Inc.

  • Mario Ruiz

    The Kasa Agency Inc

949-892-8973

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1244 5th Ave

School District:Los Angeles Unified School District
NameGradesDistance
Carson-Gore Academy Of Enviornmental Studies
3200 West Washington Boulevard, Los Angeles, CA 90018
5-40.6 mi
Pio Pico Middle School
1512 Arlington Avenue, Los Angeles, CA 90019
6-80.3 mi
Los Angeles Senior High School
4650 West Olympic Boulevard, Los Angeles, CA 90019
9-120.8 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1244 5th Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/14/2026
Listed
$2,600,000
812.28%
MLS
7/29/1999
Sold
$285,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1244 5th Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,032
—
$446,773
2%
2025
$6,032
4%
$438,014
4%
2023
$5,803
4%
$421,006
2%
2022
$5,559
2%
$412,752
2%
2021
$5,463
-1%
$404,660
1%
2020
$5,508
4%
$400,512
2%
2019
$5,313
3%
$392,660
2%
2018
$5,158
2%
$384,962
2%
2017
$5,057
3%
$377,415
2%
2016
$4,888
1%
$370,016
2%
2015
$4,822
-1%
$364,459
2%
2014
$4,866
—
$357,320
—
2013
$4,860
—
$355,707
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 1244 5th Ave

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by The Kasa Agency Inc., Christopher Mafnas and The Kasa Agency Inc, Mario Ruiz

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1244 5th Ave, Los Angeles, CA 90019 (MLS# CV26223647) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 1244 5th Ave is currently listed for $2,600,000 and was received on October 14, 2026. Want to learn more about 1244 5th Ave? Do you have questions about finding other Multi-Family real estate for sale in Los Angeles? You can browse all Los Angeles real estate or contact a Coldwell Banker agent to request more information.

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