tomo logo

$1,849,900

Beds
8
sq ft
4,888

1406 2nd Ave, Los Angeles, CA 90019

1406 2nd Ave

Los Angeles, CA 90019

  • 55 days on market
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!

Details

Property type

Est. home value

$2,104,254

Property condition

Updated/Remodeled

Lot size

7,502 sq ft

Price per sq ft

$379

Year built

1924

HOA

No

Price History

07/26/2024
CLAW

CLAW #24420154

Listed
$1,849,900
+15.62%
04/05/2018
CRMLS

CRMLS #P0-818000359

Sold
$1,600,000
+54.59%
05/31/2014
CLAW

CLAW #14741775

Sold
$1,035,000

Schools & Community

Neighborhood: 

Arlington Heights

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Mk Lending Corp

Loan start date

March 2018

Original loan amount

$825,000

Est. remaining balance

Not provided

Interest rate

5%

Loan type

Adjustable Rate Mortgage, 30 year

Seller

Sylvia M An

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 09/20/2024 at 7:20 AM

Listing updated: 08/23/2024 at 5:49 PM

Listed by: Herbert L McGurk, Coldwell Banker Realty Phone #: (310) 777-6200

MLS: CLAW #24420154

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