1506 2nd Ave

Los Angeles, CA, 90019

$2,595,000

$340 per ft²
$2,595,000
$340 per ft²
Active
Active
 - For Sale
beds
18 Beds
baths
10 Baths
carpenters-square
7,619 ft²
property_type
Multi-family
calendar
Built 1913
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.
MLS® ID:
22-185141
Listed:
7/31/22
Updated:
8/8/22

Interior Features

Total Bedrooms
18
Total Bathrooms
10
Cooling
Other
Heating
Other

Exterior/Building Features

Lot Size
0.52 acres lot
Architectural Style
Bungalow

Other Property Details

Garage
No
Parking
Covered Parking
Parking Total
9.0
View
N
County
Los Angeles
Pool
No
Total Stories
2
Zoning
LARD1.5

 

Courtesy of , Marcus & Millichap

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Rory Posin shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2022 Combined L.A./Westside MLS. All rights reserved.

Data last updated 8/8/22

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