
1406 2nd Ave Los Angeles, CA 90019
Arlington Heights NeighborhoodEstimated payment $12,055/month
Highlights
- Front Porch
- Laundry Room
- Auto Driveway Gate
- Living Room
- Ceiling Fan
About This Home
Welcome to 1406 2nd Avenue, a beautifully upgraded traditional 4-plex located in the heart of Koreatown, one of Los Angeles' most dynamic and fast-growing neighborhoods. This rare investment opportunity offers four spacious unitseach approximately 1,230 sq. ft., with one unit at 1,300 sq. ft. featuring generous living areas, large dining spaces, in-unit laundry, and thoughtfully designed layouts ideal for both tenants and owner-users. Three units have been recently remodeled with hardwood flooring, granite kitchen countertops, and stylish finishes, while the largest unit is currently vacant and completely upgraded with new appliances, washer and dryer, kitchen cabinets, sink, countertops and will be offered for rent at $2,650/month. Major capital improvements include full plumbing replacement (2018), new water heaters (2024), and a durable silicone-coated roof. The property also offers eight parking spaces, separate water meters, and tenant-paid utilities in three units, ensuring low owner expenses. With strong rental income potential and immediate occupancy available, this property is an exceptional investment in a culturally vibrant and high-demand area.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $22,132
Year Built
- Built in 1924 | Remodeled
Interior Spaces
- 4,888 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Living Room
- Disposal
Bedrooms and Bathrooms
- 8 Bedrooms
- 5 Bathrooms
Laundry
- Laundry Room
- Gas Dryer Hookup
Parking
- 8 Open Parking Spaces
- 8 Parking Spaces
- Auto Driveway Gate
Utilities
- Heating System Mounted To A Wall or Window
- Gas Water Heater
- Sewer in Street
Additional Features
- Front Porch
- 7,504 Sq Ft Lot
Community Details
- 4 Units
- Rent Control
Listing and Financial Details
- Assessor Parcel Number 5072-037-011
Map
Home Values in the Area
Average Home Value in this Area
Tax History
Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
---|---|---|---|---|
2025 | $22,132 | $1,820,523 | $1,365,393 | $455,130 |
2024 | $22,132 | $1,784,827 | $1,338,621 | $446,206 |
2023 | $21,711 | $1,749,831 | $1,312,374 | $437,457 |
2022 | $20,714 | $1,715,522 | $1,286,642 | $428,880 |
2021 | $20,445 | $1,681,885 | $1,261,414 | $420,471 |
2019 | $19,838 | $1,632,000 | $1,224,000 | $408,000 |
2018 | $13,858 | $1,115,073 | $667,967 | $447,106 |
2016 | $13,223 | $1,071,776 | $642,030 | $429,746 |
2015 | $13,032 | $1,055,678 | $632,387 | $423,291 |
2014 | $8,243 | $636,878 | $502,270 | $134,608 |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
06/04/2025 06/04/25 | For Sale | $1,877,777 | +17.4% | $384 / Sq Ft |
04/05/2018 04/05/18 | Sold | $1,600,000 | 0.0% | $327 / Sq Ft |
02/18/2018 02/18/18 | Pending | -- | -- | -- |
01/24/2018 01/24/18 | For Sale | $1,599,900 | +54.6% | $327 / Sq Ft |
05/31/2014 05/31/14 | Sold | $1,035,000 | +6.2% | $212 / Sq Ft |
03/12/2014 03/12/14 | Pending | -- | -- | -- |
03/04/2014 03/04/14 | For Sale | $975,000 | -- | $199 / Sq Ft |
Purchase History
Date | Type | Sale Price | Title Company |
---|---|---|---|
Grant Deed | $1,600,000 | Provident Title Company | |
Grant Deed | $1,035,000 | Fidelity National Title Co | |
Interfamily Deed Transfer | -- | Chicago Title Company | |
Trustee Deed | $634,000 | None Available | |
Grant Deed | $265,000 | North American Title |
Mortgage History
Date | Status | Loan Amount | Loan Type |
---|---|---|---|
Open | $825,000 | Adjustable Rate Mortgage/ARM | |
Previous Owner | $701,000 | New Conventional | |
Previous Owner | $510,000 | Credit Line Revolving | |
Previous Owner | $75,000 | Credit Line Revolving | |
Previous Owner | $460,000 | Unknown | |
Previous Owner | $80,000 | Credit Line Revolving | |
Previous Owner | $370,000 | Unknown | |
Previous Owner | $50,000 | Stand Alone Second | |
Previous Owner | $251,750 | No Value Available |
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Source: The MLS
MLS Number: 25548609

APN: 5072-037-011
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