1506 2nd Avenue, Los Angeles, CA 90019

About this property

I am pleased to offer for sale an eight-unit apartment community located at 1506 2nd Avenue. Situated on a large 22,500 square foot parcel, the property comprises of eight separate residential units with no shared walls. The property has an excellent unit mix of six two-bedroom units and two three-bedroom units. The property has 62% remaining rental upside through unit renovations. The continued gentrification of the surrounding area along with the rare low density construction and value-add potential makes 1506 2nd Avenue an excellent acquisition opportunity. Buyer to Verify Unit Configuration. Two Bedrooms are Legally One-Bedrooms and Three Bedrooms are Legally Two-Bedrooms.

Listing description from the January 2023 sale, as reported to CRMLS.

Sale history

$2,200,000

Sold January 2023 · listed $2,295,000, orig. $2,595,000, on market August 2022 · MLS #22185141 · Source: CRMLS

Listing Agent: Sean Rosenzweig · Listing Office: Marcus & Millichap · Contact: 213-943-1800 · Bought with: Sean Rosenzweig · Marcus & Millichap

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