1506 2nd Avenue, Los Angeles CA, 90019

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.

Data last updated on 3/23/2024 at 1:46 AM UTC