1406 2nd Avenue, Los Angeles, CA 90019

• 8 beds
• 4,888 sqft

Property 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 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 already been completed, reducing future expense exposure, including full plumbing replacement (2018), new water heaters (2024), and a silicone-coated roof.Operational efficiencies further enhance returns, with separate water meters, tenant-paid utilities in three units, and eight on-site parking spacesan i

Listing Status:

Active

Date Added:

April 9, 2026

Data Last Updated:

April 11, 2026 at 8:06PM

Listing Office:

Coldwell Banker Realty : 310-777-6200

Listing Agent:

Herbert L McGurk : 310-739-5511

MLS ID:

CL26698257

Interior

• Laundry: DryerWasher
• Heating: Wall Furnace

Exterior

• Parking: AssignedOtherSide By SideUncovered Parking SpaceParking spaces: 8

Location

• County: Los Angeles

Lot

• Zoning: LARD1.55072037011