1406 2nd Avenue, Los Angeles, CA 90019
Local realty services provided by:ERA Carlile Realty Group
1406 2nd Avenue,Los Angeles, CA 90019
$1,887,777
- 8 Beds
- 5 Baths
- 4,888 sq. ft.
- Multi-family
- Active
Listed by: herbert l mcgurk
Office: coldwell banker realty310-777-6200
MLS#:26839121
Source:CRMLS
Price summary
- Price:$1,887,777
- Price per sq. ft.:$386.21
About this home
This exceptional property delivers everything today's savvy investor demands: proven income, turnkey condition, significant upside, and an irreplaceable location that continues to attract quality, long-term tenants year after year. What immediately sets this property apart is its extraordinary unit size. Each of the four generously proportioned 2-bedroom, 1-bath residences spans approximately 1,230 square feet nearly 25% larger than the Koreatown market average offering expansive living and dining areas that tenants simply cannot find elsewhere at this price point. Inside each home you'll discover the kind of amenities that drive tenant loyalty and command premium rents: in-unit washer and dryer, modern finishes in three beautifully renovated units featuring rich laminated hardwood flooring and sleek granite countertops, and two side-by-side parking spaces per unit an increasingly scarce and coveted amenity in one of LA's most densely populated neighborhoods. The seller has been a thoughtful steward of this asset, completing significant capital improvements that dramatically reduce future expense exposure and position the new owner for years of worry-free ownership. A full plumbing replacement was completed in 2018, brand new water heaters were installed in 2024, and the building is protected by a durable silicone-coated roof. These are not deferred maintenance items they are completed projects that represent real dollars saved and real peace of mind delivered. Operational efficiencies further enhance the investment thesis. Separate water meters allow tenants in three units to pay their own water bills, directly improving net operating income and reducing the owner's ongoing utility exposure. Eight generously sized on-site parking spaces two per unit serve as both a powerful tenant retention tool and a potential additional revenue source in a neighborhood where parking is worth its weight in gold. For the 1031 Exchange buyer, this property is an ideal replacement asset: ready to close, immediately income- producing, requiring no additional capital investment, and positioned in a market with enduring long-term appreciation fundamentals. Of particular note one unit is anticipated to become vacant at the end of August, presenting an immediate opportunity for the new owner to lease at full market rate of $2,850 per month and accelerate the property's income trajectory from the moment of acquisition. For the portfolio investor, it represents a rare opportunity to acquire a proven, performing asset with a clear and measurable path to enhanced returns. For anyone seeking stable, passive income backed by real assets in one of America's great cities this is the one. 1406 2nd Avenue is not a promise. It is a track record. The income is real. The improvements are done. The upside is clear. All offers will be reviewed....
Contact an agent
Home facts
- Year built:1924
- Listing ID #:26839121
- Added:8 day(s) ago
- Updated:June 05, 2026 at 10:25 AM
Rooms and interior
- Bedrooms:8
- Total bathrooms:5
- Kitchen Description:Microwave, Oven, Refrigerator
- Living area:4,888 sq. ft.
Heating and cooling
- Heating:Wall Furnance
Structure and exterior
- Year built:1924
- Building area:4,888 sq. ft.
- Lot area:0.17 Acres
- Architectural Style:Traditional
- Levels:2 Story
Finances and disclosures
- Price:$1,887,777
- Price per sq. ft.:$386.21
Features and amenities
- Appliances:Dryer, Washer
- Laundry features:Dryer, Inside, Washer
- Amenities:Ceiling Fans
Parking
- Total parking spaces:8
- Parking description:Assigned, Side By Side, Uncovered
New listings near 1406 2nd Avenue
- New
$1,149,000Active2 beds 3 baths1,459 sq. ft.13700 Marina Pointe Drive #511, Marina Del Rey, CA 90292
MLS# 26842287Listed by: LPT REALTY, INC - New
$829,000Active-- beds -- baths2,079 sq. ft.2925-2927 Michigan, Los Angeles, CA 90033
MLS# GD26102450Listed by: KELLER WILLIAMS R. E. SERVICES - Open Sat, 12 to 3pmNew
$749,999Active3 beds 3 baths1,750 sq. ft.13357 W Cellest Parkway, Pacoima, CA 91331
MLS# SR26122499Listed by: KOENIG PROPERTIES - New
$1,900,000Active3 beds 2 baths1,666 sq. ft.3177 Lake Hollywood Drive, Los Angeles, CA 90068
MLS# P1-27469Listed by: COMPASS - New
$695,000Active1 beds 1 baths642 sq. ft.13200 Pacific #212, Playa Vista, CA 90094
MLS# 26842587Listed by: COLDWELL BANKER REALTY - New
$1,259,000Active3 beds 3 baths1,669 sq. ft.5415 Ash Street, Los Angeles, CA 90042
MLS# OC26120717Listed by: CAPITAL TEAM REAL ESTATE SVC - Open Sat, 12 to 4pmNew
$699,900Active3 beds 4 baths1,553 sq. ft.11861 S San Pedro, Los Angeles, CA 90061
MLS# DW26121869Listed by: KELLER WILLIAMS PACIFIC ESTATES - New
$799,999Active3 beds 2 baths1,587 sq. ft.22308 Baltar Street, Canoga Park, CA 91304
MLS# SR26119696Listed by: PARK REGENCY REALTY - New
$2,899,999Active4 beds 3 baths3,095 sq. ft.1968 N Wilton, Los Angeles, CA 90068
MLS# SR26120736Listed by: LPT REALTY, INC - Open Sun, 1 to 4pmNew
$799,000Active2 beds 2 baths1,314 sq. ft.17516 Cantlay, Lake Balboa, CA 91406
MLS# SR26121053Listed by: SUNSET GROUP REALTY