Property listed by Coldwell Banker Realty, Herbert L McGurk 310-777-6200
1406 2nd Avenue
Los Angeles, CA 90019
Beds
8
Square Ft.
4,888
$1,877,777
Welcome to 1406 2nd Avenue, a beautifully upgraded traditional 4-plex located in the heart of Koreatown, one of Los Angeles' most dynamic and fast-growing neighborhoods. This rare investment opportunity offers four spacious unitseach approximately 1,230 sq. ft., with one unit at 1,300 sq. ft. featuring generous living areas, large dining… Read More spaces, in-unit laundry, and thoughtfully designed layouts ideal for both tenants and owner-users. Three units have been recently remodeled with hardwood flooring, granite kitchen countertops, and stylish finishes, while the largest unit is currently vacant and completely upgraded with new appliances, washer and dryer, kitchen cabinets, sink, countertops and will be offered for rent at $2,650/month. Major capital improvements include full plumbing replacement (2018), new water heaters (2024), and a durable silicone-coated roof. The property also offers eight parking spaces, separate water meters, and tenant-paid utilities in three units, ensuring low owner expenses. With strong rental income potential and immediate occupancy available, this property is an exceptional investment in a culturally vibrant and high-demand area. Read Less
Listing Snapshot
Days Online
76
Last Updated
Property Type
Other
Beds
8
Square Ft.
4,888
Lot Size
0.17 Acres
Year Built
1924
MLS Number
25548609
30 Days Snapshot Of 90019
$1.17M
-20%
(avg) sold price
7
-30%
homes sold
82
+10%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Disposal
Building
Built in 1924, Building area total: 4,888, Levels: Two, Living area: 4888, 2 stories, 1 building
Cooling
None
Heating
WallFurnace
Income
Gross income: $116,482, Net operating income: $87,168
Interior Features
CeilingFans
Laundry
Inside, LaundryRoom
Lot
0.1723 acres, 7,504 square feet, Size: 7,504
Parking
8 open parking spaces, 8 totals parking, Uncovered
Pool
None
Property
Zoning: LARD1.5, FrontPorch
Tenant Pays
CableTv, Electricity, Gas, Water
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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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