1406 2nd Ave, Los Angeles, CA 90019

This exceptional property delivers everything today's savvy investor demands: proven income, turnkey condition, significant upside, and an irreplaceable location that continues to attract quality, long-term tenants year after year. What immediately sets this property apart is its extraordinary unit size. Each of the four generously proportioned 2-bedroom, 1-bath residences spans approximately 1,230 square feet nearly 25% larger than the Koreatown market average offering expansive living and dining areas that tenants simply cannot find elsewhere at this price point. Inside each home you'll discover the kind of amenities that drive tenant loyalty and command premium rents: in-unit washer and dryer, modern finishes in three beautifully renovated units featuring rich laminated hardwood flooring and sleek granite countertops, and two side-by-side parking spaces per unit an increasingly scarce and coveted amenity in one of LA's most densely populated neighborhoods. The seller has been a thoughtful steward of this asset, completing significant capital improvements that dramatically reduce future expense exposure and position the new owner for years of worry-free ownership. A full plumbing replacement was completed in 2018, brand new water heaters were installed in 2024, and the building is protected by a durable silicone-coated roof. These are not deferred maintenance items they are completed projects that represent real dollars saved and real peace of mind delivered. Operational ef