1406 2nd AVE new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90019
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 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 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 being 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.
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