4 months on rocket

1406 2nd Ave, Los Angeles, CA, 90019

$1,849,900

Home List Price

$10,000*

Closing Credit

8 Bedrooms
5 Baths
4,888 SqFt
$378/SqFt
House

Location

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1406 2nd Ave, Los Angeles$1,849,900

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingUncovered
Year Built1924
HeatingForced Air
ViewCity Lights
MLS #24420154
Lot Size0.17 Acres
StatusActive

About 1406 2nd Ave

This spacious traditional 4-plex in the rapidly developing and high-demand Koreatown area presents an exceptional investment opportunity with significant upside potential. Each of the four large units, each approximately 1,200 sq. ft., offers ample living space and modern amenities. Recent upgrades include a 100% waterproof silicone-coated roof installed in 2021 and new plumbing throughout the building in 2018. Two of the units have been completely remodeled, featuring hardwood floors and a newly added 3/4 bath with permits. Kitchens are equipped with granite countertops, abundant cabinetry, and large dining areas. Each apartment has its own separate laundry area, and the property includes four separate water meters two units cover all utilities, while the landlord pays water for the remaining two. With parking available for up to 8 cars and a prime location with great rental potential, this property is poised to attract significant interest. Don't miss outcontact us today to seize this promising opportunity!

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1924
  • Stories: 1
  • Living Area: 4,888 SqFt

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (310) 777-6200
  • Listing Agent: Herbert L McGurk

Interior Features

Interior Information:

  • Appliances: Dishwasher, Gas Cooktop, Disposal, Microwave, Refrigerator
  • Interior: Ceiling Fan(s), Utility Room

Bedroom and Bathroom Information:

  • Total Bedroom Count: 8

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: City Lights

Parking Information:

  • Parking: Uncovered

Lot Features

Lot Information:

  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Forced Air

Other

Directions Information:

  • Directions: East of Arlington & South of Pico Blvd.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,849,900
  • Price Per SqFt: $378/SqFt

Tax Information:

  • Annual Amount: $20,445
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1346

1406 2nd Ave vs Los Angeles

142 DAYS ON ROCKET

+104 Days

$1,849,900

+$828.3K More

$378/SqFt

-$262 Less

KEY TAKEAWAY

This property is $828.3K more than the Median Sold Price and $262/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24420154

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (310) 777-6200
  • Listing Agent: Herbert L McGurk

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/19/2024, 2:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Apr 05, 2018Home Sold
$1,600,000
May 30, 2014Home Sold
$1,035,000
Jun 28, 2013Home Sold
$634,000
Jan 05, 2000Home Sold
$265,000

Tax History

YEARPROP. TAXASSESSMENT
2021$20,445$1,681,885
2020$19,838$1,664,640
2019$13,858$1,632,000
2018$13,564$1,115,073
2017$13,564$1,093,210

History based on county public records data.

Payment Calculator

$9,300

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,613

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-146820
4
/10

  • City Language Immersion Charter

  • 4001 Venice Blvd

  • 0.39 miles

  • Public Charter Grades KG-5

school-card-donut-146821
6
/10

  • Carson - Gore Academy of Enviornmental Studies

  • 3200 W Washington Blvd

  • 0.43 miles

  • Public District Grades KG-5

school-card-donut-146822
7
/10

  • Global Education Academy 2

  • 1717 7th Ave

  • 0.46 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $32,949. The most common annual income of people living in Los Angeles, CA is less than $35k. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1406 2nd Ave

What is the listing price of this property?

The listing price of 1406 2nd Ave property is $1,849,900.

What type of property is this?

The property 1406 2nd Ave is a house located in Los Angeles, California, 90019.

Is this property for sale now?

Active Listing: 1406 2nd Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $20,445 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on April 5, 2018 for $1,600,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1406 2nd Ave has 8 bedrooms and 5 bathrooms.

What is the square footage of this property?

The property 1406 2nd Ave is 4,888 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1406 2nd Ave is 1924.

Rocket Homes›California›Los Angeles County›Los Angeles›90019›1406 2nd Ave

This home is located at 1406 2nd Ave in Los Angeles, CA and zip code 90019 in the Central LA neighborhood. This 4,888 square foot home, which was built in 1924, sits on a 0.17 acre lot. Features: 8 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since July 29, 2024 and is currently priced at $1,849,900.

While more than 512 listings in Los Angeles, CA in November 2024 were sold above asking price, there were more than 177 listings sold at asking price, and more than 657 were sold below. Between October 2024 and November 2024, Los Angeles, CA real estate market has seen decrease in the number of listings by 0.6%. The median list price of listings available in November 2024 was $1,021,532, while the average time on the real estate market was 38 days.

From Rocket Homes Real Estate and based on county public records data.

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