20
See all 20 photos
$1,877,777
Est. payment /mo
8 Beds
5 Baths
4,888 SqFt
New
1406 2nd AVE Los Angeles, CA 90019
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,888 sqft
Price per Sqft $384
MLS Listing ID 25548609
Bedrooms 8
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1924
Lot Size 7,505 Sqft
Property Description
Welcome to 1406 2nd Avenue, a charming and meticulously upgraded traditional 4-plex situated in the heart of Los Angeles' vibrant and rapidly evolving Koreatown neighborhood. This rare investment opportunity features four expansive units, each approximately 1,230 sq. ft., offering generous living spaces, large dining areas, and thoughtfully designed layouts ideal for tenants or owner-users alike. Two units have been recently remodeled with stylish finishes including hardwood flooring and 1406 1/2 unit with newly added 3/4 bathrooms completed with permits, well-appointed with granite countertops in the kitchens, ample cabinet space, and room for family-sized dining tables. Each unit includes its own private laundry area for added convenience. Significant capital improvements have been made to the building, including full plumbing replacement in 2018, new water heaters installed in 2024, and a fully waterproofed silicone-coated roof for long-term durability. The property also boasts four separate water meters and is structured so that three units cover all their own utilities, with the landlord responsible only for water in one unit. With on-site parking for up to eight vehicles and one vacant unit ready for immediate occupancy or owner-user, this property presents an outstanding opportunity for investors seeking strong rental income and long-term appreciation in a high-demand rental market. Don't miss your chance to secure a rental asset in one of LA's most dynamic and culturally rich communities.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LARD1.5
Interior
Interior Features Ceiling Fan(s)
Heating Wall Furnace
Cooling None
Fireplace No
Appliance Disposal
Laundry Inside, Laundry Room
Exterior
Parking Features Uncovered
Pool None
Porch Front Porch
Total Parking Spaces 8
Private Pool No
Building
Story 2
Entry Level Two
Sewer Other
Level or Stories Two
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 5072037011
Financing Cash,Private
Special Listing Condition Standard
Listed by Herbert L McGurk • Coldwell Banker Realty