1406 2nd Avenue, Los Angeles, CA 90019

About this property

25% Upside Potential.Great Value Add Investment Opportunity in Arlington Heights, Mid City, Los Angeles's fastest re-developing,and in demand rental area. Fabulous Neo-Classic Building with very low maintenance and expense. Four Extra Spacious 2 Bedroom One Bath Units,large living room with fireplace,formal dining room, laundry hook-ups in separate laundry room, air conditioner, Refrigerator included. Two units were extensively updated. All new windows throughout.New Landscaping. Gated and private parking for 8 Cars in the back. 100% occupied with long term tenants. Landlord pays for water and gardener only. Conveniently located near major freeways, schools, shopping and public transportation. Korea town adjacent. Projected and actual Market Rents indicate a 25% upside and a 5.3% cap

Listing description from the April 2018 sale, as reported to CRMLS.

Sale history

$1,600,000

Sold April 2018 · listed $1,599,900, on market January 2018 · MLS #P0-818000359 · Source: CRMLS

Listing Agent: Simone McCue · Listing Office: Pacific Realty Center · Contact: (626) 373-1670 · Bought with: OUT AREA · OUT OF AREA

$1,035,000

Sold May 2014 · listed $975,000, on market March 2014 · MLS #14741775 · Source: CRMLS

Listing Agent: Cliff Uzan · Listing Office: Landmark Realtors, Inc. · Contact: 323-651-2200 · Bought with: Mark Ruff · Keller Williams Beverly Hills

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