Los Angeles, CA 90019 1406 2nd Avenue
$1,849,900
14 more
Presented By: Herbert L McGurk with Coldwell Banker Realty;
Beds • 8
Baths • 5
SQFT • 4,888
Home Details
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!
Presented By: Herbert L McGurk with Coldwell Banker Realty;
Interior Features for 1406 2nd Avenue
Bedrooms
Total Bedrooms8
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths5
Other Interior Features
LivingAreaSourceAssessor
Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesInside
Total Stories1
General for 1406 2nd Avenue
Additional Parcels Y/NNo
AppliancesDishwasher, GasCooktop, Disposal, Microwave, Refrigerator
Architectural StyleTraditional
Attached Garage No
Buyer FinancingCash
Cap Rate3.96
Carport Y/NNo
CityLos Angeles
CountyLos Angeles
Days on Market28
DirectionsEast of Arlington & South of Pico Blvd.
Facing DirectionWest
Full Baths
Garage Y/NNo
Gross Income103608.0
HeatingForcedAir
Home Owner AssocNo
Home Warranty Y/NNo
Interior FeaturesCeilingFans, UtilityRoom
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet7502.0
Lot Size UnitsSquareFeet
MLS AreaC16 - Mid Los Angeles
MobileHomeRemainsYNNo
Net Operating Income73285.0
New ConstructionNo
Number of Units Leased2
NumberOfUnitsTotal4
Occupancy TypeTenant
Open Parking Spaces8.0
Pool FeaturesNone
Private PoolNo
Property ConditionUpdatedRemodeled
Property TypeResidentialIncome
Rent Control Y/NYes
RoofTarGravel, Tile
Senior Community Y/NNo
SewerOther
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tenant PaysCableTV, Electricity, Gas
ViewCityLights
View Y/NYes
Waterfront Y/NNo
Year Built1924
Year Built SourceAssessor
ZoningLARD1.5
Exterior for 1406 2nd Avenue
Building Area Total4888.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1722
Lot Size Area7502.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Gas Meters4
Number of Separate Water Meters4
Open Parking Y/NNo
Parking FeaturesUncovered
SpaNo
Total Parking8.0
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480