Los Angeles, CA 90019 1406 2nd Avenue

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Presented By: Herbert L McGurk with Coldwell Banker Realty;
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# 25548609
  • 06/05/2025
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 8
  • Baths • 5
  • SQFT • 4,888

Home Details

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.
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

Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NYes
Interior AmenitiesCeilingFans
Laundry FeaturesInside, LaundryRoom
Total Stories2

General for 1406 2nd Avenue

Additional Parcels Y/NNo
AppliancesDisposal
Attached Garage No
Buyer FinancingCash, Private
Cap Rate4.43
Carport Y/NNo
CityLos Angeles
CoolingNone
CountyLos Angeles
DirectionsEast of Arlington Ave. & South of Pico Blvd.
DisclosuresRentControl
Electric On Property Y/NNo
Full Baths
Garage Y/NNo
Gross Income113482.0
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet7504.0
Lot Size UnitsSquareFeet
MLS AreaC16 - Mid Los Angeles
MobileHomeRemainsYNNo
Net Operating Income83217.0
New ConstructionNo
Number Of Units Total4
Occupancy TypeTenant
Open Parking Spaces8.0
Patio/Porch FeaturesFrontPorch
Pool FeaturesNone
Property Attached Y/NNo
Property ConditionUpdatedRemodeled
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerOther
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tenant PaysCableTv, Electricity, Gas, Water
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 Acres0.1723
Lot Size Area7504.0
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesUncovered
Private PoolNo
SpaNo
Total Parking8.0
Waterfront Y/NNo

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $1,877,777
MLS#25548609
List Date 06/05/2025
Property Type Multi-Family
Phone 714.742.6515
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