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1406 2nd Avenue Los Angeles, CA $ 1,849,900
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$ 1,849,900 Get more info
1406 2nd Avenue
$ 1,849,900
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1406 2nd Avenue

Los Angeles, CA, 90019
$ 1,849,900
Bedrooms8 Baths5.0 Sq 4,888

Monthly Estimate*

$ 11,079

Listed by Coldwell Banker Realty
1406 2nd Avenue, Los Angeles, CA 90019 - Image 1
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1406 2nd Avenue, Los Angeles, CA 90019 - Image 13
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1406 2nd Avenue, Los Angeles, CA 90019 - Image 19

Multi-Family Home for sale in Los Angeles, CA

for $1,849,900 with 8 bedrooms and 5 full baths. This 4,888 square foot home was built in 1924 on a lot size of 0.1722.

This spacious traditional 4-plex in the rapidly developing and high-demand Koreatown area presents an exceptional investment opportunity with significant upside potential. Each of the four large units, each approximately 1,200 sq. ft., offers ample living space and modern amenities. Recent upgrades include a 100% waterproof silicone-coated roof installed in 2021 and new plumbing throughout the building in 2018. Two of the units have been completely remodeled, featuring hardwood floors and a newly added 3/4 bath with permits. Kitchens are equipped with granite countertops, abundant cabinetry, and large dining areas. Each apartment has its own separate laundry area, and the property includes four separate water meters two units cover all utilities, while the landlord pays water for the remaining two. With parking available for up to 8 cars and a prime location with great rental potential, this property is poised to attract significant interest. Don't miss outcontact us today to seize this promising opportunity!

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Multi-Family Active

Price

$ 1,849,900

Bedrooms

8

Full Bath

5

Property Type

Multi-Family

Taxes

$ 0

Style

Traditional

Lot Size

0.1722

Year Built

1924

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

24420154

Days on Market

62
Features
General
Interior Features CeilingFans UtilityRoom
Sewer Other
Heating ForcedAir
Roof TarGravel Tile
Appliances Dishwasher GasCooktop Disposal Microwave Refrigerator
Zoning LARD1.5
Architectural Style Traditional
Pool Features None
Year Built 1924
Tenant Pays CableTV Electricity Gas
View CityLights
Stories 2
Levels Two
Gross Income 103608.0
County Los Angeles
Net Operating Income 73285.0
New Construction N
Property Type ResidentialIncome
Home Owner Assoc N
Attached Garage N
Facing Direction West
Garage Y/N N
Full Baths 0
Special Listing Conditions Standard
Status Active
Buyer Financing Cash
Directions East of Arlington & South of Pico Blvd.
City Los Angeles
View Y/N Y
Senior Community Y/N N
Open Parking Spaces 8.0
NumberOfUnitsTotal 4
MLS Area C16 - Mid Los Angeles
Lot Size Units SquareFeet
Lot Size Square Feet 7502.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Number of Units Leased 2
Spa Features None
Land Lease Y/N N
Home Warranty Y/N N
Property Condition UpdatedRemodeled
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Days on Market 28
Standard Status Active
Occupancy Type Tenant
Year Built Source Assessor
Cap Rate 3.96
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Exterior
Parking Features Uncovered
Total Parking 8.0
Lot Size Area 7502.0
Number of Buildings 1
Spa N
Building Area Total 4888.0
Lot Size Acres 0.1722
Lot Size Source Assessor
Number of Separate Water Meters 4
Number of Separate Gas Meters 4
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 1
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Laundry Features Inside
Total Bedrooms 8
Electric On Property Y/N N
Total Baths 5
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Internal Only
Street Number 1 1406
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* Excluded Features
List By
Coldwell Banker Realty

Broker

(310) 739-5511

Phone

Affordability Calculator

$11,079
Per Month
100%
0%
0%
Monthly Principal & Interest
$11,079
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
7/27/2024$1,849,900 Listed Price

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1406 2nd Avenue, Los Angeles, CA, 90019 is a Multi-Family Home for sale at $1,849,900 with 4,888 sqft and a lot size of 0.1722. 1406 2nd Avenue has 8 bedrooms, 5.0 baths, and was built in 1924. The property's zip code is 90019 which is in Los Angeles, CA

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