Sold
1506 2nd Avenue
Los Angeles CA, 90019
$2,200,000
$288.75 per sqft
Sold
18 Beds
10 Baths
7,619 sqft
Residential
Built in 1913
Listed by Sean Rosenzweig with Marcus & Millichap 213-943-1800
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.
22185141
MLSⓇ ID
August 1, 2022
Listed
March 23, 2024
Updated
Map
1506 2nd Avenue
Los Angeles CA, 90019
Interior Features
Total Stories
2
Bedrooms
18 Beds
Bathrooms
10 Baths
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.52 Acres
Architectual Style
Bungalow
Other Property Details
Area Name
C16 - Mid Los Angeles
Days on Market
84
Garage
No
Parking
Covered
Parking Total
9
View
No
County
Los Angeles
Pool
No
Zoning
LARD1.5
Buyer Agency Compensation
2%
Listing Contact: 213-943-1800
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 3/23/2024 at 1:46 AM UTC