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1406 2nd Avenue, Los Angeles, CA 90019

Los Angeles
Local realty services provided by:CENTURY 21 Valley Properties
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#:26698257
Source:CRMLS

Price summary

  • Price:$1,887,777
  • Price per sq. ft.:$386.21

About this home

1406 2nd Avenue is a high-performing, turnkey 4-unit investment opportunity in the heart of Koreatownone of Los Angeles' most supply-constrained and rent-driven submarkets. Priced to deliver a 4.81% cap rate and 15.85 GRM, this asset offers immediate yield with proven rental strength and future upside.The property consists of four exceptionally large unitseach approximately 1,230 sq. ft., with one nearly 1,300 sq. ft.a rare scale that drives consistent tenant demand and premium rents. Unit layouts feature expansive living and dining areas along with in-unit laundry, appealing to long-term, stable tenants.Recent renovations position the asset competitively within the market: three units have been upgraded with hardwood flooring, granite countertops, and modern finishes. The largest unit has been fully renovated and is now leased at $2,750/month, establishing a strong rental benchmark and validating income potential across the remaining units.Significant capital improvements have...

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Home facts

  • Year built:1924
  • Listing ID #:26698257
  • Added:1 day(s) ago
  • Updated:April 10, 2026 at 08:33 PM

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
  • 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, Washer
  • Amenities:Ceiling Fans

Parking

  • Total parking spaces:8
  • Parking description:Assigned, Side By Side, Uncovered
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