1406 2Nd Ave Los Angeles, CA 90019

$1,600,000 Sold Price as of 04/05/2018

8 Beds
4 Baths
4,888 Sq.Ft.

Off Market

$1,600,000 Sold Price as of 04/05/2018 Refinance Your Mortgage

Map preview of 1406 2Nd Ave, Los Angeles, CA 90019

Property Overview: 1406 2Nd Ave Los Angeles, CA has 8 bedrooms, 4 bathrooms, 4,888 living square feet and 7,502 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1406 2Nd Ave is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,235,000. The median price per/sqft for Los Angeles is $774. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $247,000 for the down payment and will need roughly $24,700 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $59,500. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 1406 2Nd Ave

Last sold for $1,600,000 on April 5th, 2018

September, 2023
Sep 29, 2023

Date

Canceled

CRMLS: 23256795

$1,892,000

Price
Apr 3, 2023

Date

Active

CRMLS: 23256795

$2,042,000

Price
Listing provided courtesy of CRMLS

Spacious Traditional 4 plex in Koreatown, fastest developing and high demand rental area. Great investment property with upside potential and low maintenance, 4 large spacious units about 1200 sq. ft. each. In 2021 roof was coated with silicone and 100% waterproof. New plumbing installed throughout the entire structure in 2018. 2 Units have been completely remodeled with hardwood floors and a]\ 3/4 bath was added to one of units with permits. Kitchen has granite countertops and plenty of cabinets and large dining area. Each apartment has separate laundry area and 4 separate water meters, 2 units pay all utilities and 2 units landlord pays water. Parking for 8 cars. Prime location with great potential. Will go fast!

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June, 2021
Jun 2, 2021

Date

Expired

CRMLS: 21697166

$1,849,900

Price
Mar 14, 2021

Date

Price Change

CRMLS: 21697166

$1,849,900

Price
Mar 1, 2021

Date

Active

CRMLS: 21697166

$1,899,900

Price
Listing provided courtesy of CRMLS

Gorgeously updated 4 unit. Los Angeles's fastest re-developing, and in demand rental area. Fabulous Neo-Classic Building with very low maintenance and expense. located in the City of Los Angeles. Year 2018 installed new plumbing line throughout the entire structure. In 2021 the entire roof was coated with Silicone and 100% waterproof. Units 1406 1/2 & 1408 1/2 features hardwood flooring throughout. Year 2018 1406 1/2 and 1408 1/2 unit are completely remodeled along with 0.75 restroom(Unit 1406 1/2) with permit has been added. Kitchen features granite countertops along with plenty of cabinets for extra storage space. The expansive dining area is located next to the kitchen. Following the hallway leads to bedrooms and bathrooms. This house presents upgraded bedrooms perfect for the family. Each Units have separate laundry area. There are 4 separate water meters, which tenants are paying for units 1406 1/2 & 1408 1/2 and the other two units paid by the landlord. 2 parking spaces for each unit. Conveniently located near familiar restaurants and shops.

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April, 2020
Apr 17, 2020

Date

Expired

CRMLS: 20555092

$1,899,000

Price
Mar 28, 2020

Date

Withdrawn

CRMLS: 20555092

$1,899,000

Price
Feb 18, 2020

Date

Active

CRMLS: 20555092

$1,899,000

Price
Listing provided courtesy of CRMLS

Gorgeously updated 4 unit. Los Angeles's fastest re-developing,and in demand rental area. Fabulous Neo-Classic Building with very low maintenance and expense. located in the City of Los Angeles. Year 2018 installed new plumbing line throughout the entire structure. Units 1406 1/2 & 1408 1/2 features hardwood flooring throughout. Year 2017 & 2018 1406 1/2 and 1408 1/2 unit are completely remodeled along with 0.75 restroom(Unit 1406 1/2) with permit has been added. Kitchen features granite countertops along with plenty of cabinets for extra storage space. The expansive dining area is located next to the kitchen. Following the hallway leads to bedrooms and bathrooms. This house presents upgraded bedrooms perfect for the family. Units include a separate laundry area. There are 4 separate water meters, which tenants are paying for units 1406 1/2 & 1408 1/2 and the other two units paid by the landlord. 2 parking spaces for each unit. Conveniently located near familiar restaurants and shops.

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December, 2019
Dec 5, 2019

Date

Expired

CRMLS: 19474710

$1,929,900

Price
Oct 2, 2019

Date

Withdrawn

CRMLS: 19474710

$1,929,900

Price
Sep 6, 2019

Date

Active

CRMLS: 19474710

$1,929,900

Price
Sep 5, 2019

Date

Expired

CRMLS: 19474710

$1,929,900

Price
Aug 28, 2019

Date

Price Change

CRMLS: 19474710

$1,929,900

Price
Jul 6, 2019

Date

Price Change

CRMLS: 19474710

$1,999,000

Price
Jun 6, 2019

Date

Active

CRMLS: 19474710

$2,049,999

Price
Listing provided courtesy of CRMLS

Gorgeously updated 4 unit property located in the City of Los Angeles. Year 2018 installed new plumbing line throughout the entire structure. Units 1406Ã‚Â½ & 1408Ã‚Â½ features hardwood flooring throughout. Year 2017 & 2018 1406Ã‚Â½ and 1408 1/2 unit are completely remodeled along with 0.75 restroom(Unit 1406 1/2) with permit has been added. Kitchen features granite countertops along with plenty of cabinets for extra storage space. The expansive dining area is located next to the kitchen. Following the hallway leads to bedrooms and bathrooms. This house presents upgraded bedrooms perfect for the family. Units include a separate laundry area. There are 4 separate water meters, which tenants are paying for units 1406Ã‚Â½ & 1408Ã‚Â½ and the other two units paid by the landlord. 2 parking spaces for each unit. Conveniently located near familiar restaurants and shops. Showing only upon accepted offers. home is a must see!

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April, 2018
Apr 8, 2018

Date

Sold

CRMLS: P0-818000359

$1,600,000

Price
Feb 20, 2018

Date

Pending

CRMLS: P0-818000359

$1,599,900

Price
Jan 25, 2018

Date

Active

CRMLS: P0-818000359

$1,599,900

Price
Listing provided courtesy of CRMLS

25% Upside Potential.Great Value Add Investment Opportunity in Arlington Heights, Mid City, Los Angeles's fastest re-developing,and in demand rental area. Fabulous Neo-Classic Building with very low maintenance and expense. Four Extra Spacious 2 Bedroom One Bath Units,large living room with fireplace,formal dining room, laundry hook-ups in separate laundry room, air conditioner, Refrigerator included. Two units were extensively updated. All new windows throughout.New Landscaping. Gated and private parking for 8 Cars in the back. 100% occupied with long term tenants. Landlord pays for water and gardener only. Conveniently located near major freeways, schools, shopping and public transportation. Korea town adjacent. Projected and actual Market Rents indicate a 25% upside and a 5.3% cap

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April, 2018
Apr 5, 2018

Date

Sold (Public Records)

Public Records

$1,600,000

Price
May, 2014
May 30, 2014

Date

Sold (Public Records)

Public Records

$1,035,000

Price

Tax History for 1406 2Nd Ave

Assessed Value (2020): $1,664,640

Year	Land Value	Improved Value	Assessed Value
2020	$1,248,480	$416,160	$1,664,640

About 1406 2Nd Ave

Detailed summary of property

1406 2Nd Ave is categorized with a use code of Quadruplex (4 Units, Any Combination) in Los Angeles, CA 90019 and last sold on April 5, 2018 for $1,600,000. This property has 8 bedrooms, 4 bathrooms, roughly 4,888 living square feet, and sits on an approximately 7,502 square foot lot. Homes in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 34.45% higher than the current median priced home. 1406 2Nd Ave was last sold on April 5, 2018 for $1,600,000. Local nearby listings include 1829 S Gramercy Pl, 939 3rd Ave and 2526 W 21st St. The average home in Los Angeles, CA is selling in 94 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. If you are the homeowner and looking to sell the home at 1406 2Nd Ave Los Angeles, CA 90019 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1406 2Nd Ave

Public county record property details

Beds: 8
Baths: 4
Year built: 1924
Sq. Ft.: 4,888
Lot Size: 7,502
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 11
APN: 5072-037-011

The source for these homes facts are from public records.

90019 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,675,000

Median List Price/Sq.Ft.

$696

Median Sold Price

$1,620,000

Median Sold Price/Sq.Ft.

$777

Total Inventory

Median Sale to List Price %

95.58%

Avg Days on Market

Loan Type

Conventional (18.18%), FHA (0%), VA (0%), Cash (9.09%), Other (9.09%)

Thinking of Selling?

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(714) 706-1823

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