Welcome to 1406 2nd Avenue, a charming and meticulously upgraded traditional 4-plex situated in the heart of Los Angeles' vibrant and rapidly evolving Koreatown neighborhood. This rare investment opportunity features four expansive units, each approximately 1,230 sq. ft., offering generous living spaces, large dining areas, and thoughtfully designed layouts ideal for tenants or owner-users alike. Two units have been recently remodeled with stylish finishes including hardwood flooring and 1406 1/2 unit with newly added 3/4 bathrooms completed with permits, well-appointed with granite countertops in the kitchens, ample cabinet space, and room for family-sized dining tables. Each unit includes its own private laundry area for added convenience. Significant capital improvements have been made to the building, including full plumbing replacement in 2018, new water heaters installed in 2024, and a fully waterproofed silicone-coated roof for long-term durability. The property also boasts four separate water meters and is structured so that three units cover all their own utilities, with the landlord responsible only for water in one unit. With on-site parking for up to eight vehicles and one vacant unit ready for immediate occupancy or owner-user, this property presents an outstanding opportunity for investors seeking strong rental income and long-term appreciation in a high-demand rental market. Don't miss your chance to secure a rental asset in one of LA's most dynamic and culturally rich communities.
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DAYS ON MARKET
|
4
|
LAST UPDATED
|
6/5/2025
|
|
YEAR BUILT
|
1924
|
COMMUNITY
|
C16 - Mid Los Angeles
|
|
COUNTY
|
Los Angeles
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STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
| AIR |
None |
| APPLIANCES |
Disposal |
| AREA |
C16 - Mid Los Angeles |
| HEAT |
Wall Furnace |
| INTERIOR |
Ceiling Fan(s) |
| LOT |
7505 sq ft |
| POOL DESCRIPTION |
None |
| SEWER |
Other |
| STORIES |
2 |
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Listed with Coldwell Banker Realty
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 6/7/25 3:48 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2025.
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