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1406 2Nd Ave Los Angeles, CA 90019

OFF-MARKET Apartment buildings Google Maps
4,888 SF Built 1924
Individually Owned 8-yr Hold
Estimated value
No estimation on file for this property yet.
Property ID US09-6834152

Property summary

AI-generated overview

This exceptional investment opportunity presents a 4-unit apartment building located in Los Angeles's thriving Koreatown neighborhood. The property, situated on a 7,502 square foot lot, boasts a total of 4,888 square feet of living space, with each unit offering approximately 1,200 square feet. Built in 1924, the single-story building features recent upgrades, including a completely waterproofed silicone-coated roof (2021) and new plumbing throughout (2018). Two units have undergone complete renovations, showcasing hardwood floors and newly added 3/4 bathrooms (permitted). All units include kitchens with granite countertops and ample cabinetry, large dining areas, and separate laundry areas. The property also includes four separate water meters

Property profile

Verified
Property type Apartment buildings
Year built 1924
Total area 4,888 SF
UPID US09-6834152

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

since 2018
1 recorded transaction
2018
$1.6M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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