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. A second Unit, 2 Bed, 2 Bath, has just become vacant which will rent at $2,700/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.
Property Details
Price:
$1,877,777
MLS #:
25548609
Status:
Active
Baths:
0
Address:
1406 2nd Avenue
Type:
Residential Income
Neighborhood:
c16midlosangeles
City:
Los Angeles
Listed Date:
Jun 4, 2025
State:
CA
ZIP:
90019
Lot Size:
7,504 sqft / 0.17 acres (approx)
Year Built:
1924
Schools
Interior
Appliances
Disposal
Cooling
None
Heating
Wall Furnace
Interior Features
Ceiling Fan(s)
Exterior
Parking Features
Uncovered
Parking Spots
8.00
Pool Features
None
Sewer
Other
Stories Total
2
Financial
Tenant Pays
Electricity, Gas, Water, Cable T V
Map
Contact Us
Mortgage Calculator
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1406 2nd Avenue
Los Angeles, CA
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