1406 2nd Ave, Los Angeles, CA, 90019
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Property Details
8
5
Single Family
Description
Property Details: • Type: Single Family • Bedrooms: 8 • Bathrooms: 5 • Square Feet: 4888 • Lot/Size: 7,504 sqft lot
Description: 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
Location
Address
1406 2nd Ave, Los Angeles, CA, 90019
City
Los Angeles
Features and Finishes
Year Built: 1924; [object Object]; [object Object]; [object Object]
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