1249 W 2nd Street Los Angeles, CA ^$ 620,000

1249 W 2nd Street

^$ 620,000

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Recently Listed

1249 W 2nd Street

Los Angeles, CA, 90026

^$ 620,000

Bedrooms2 Baths1.0 Sq 1,130

Monthly Estimate*

^$ 3,915

Listed by Keller Williams Larchmont

1249 W 2nd Street, Los Angeles, CA 90026 - Image 1

1249 W 2nd Street, Los Angeles, CA 90026 - Image 2

1249 W 2nd Street, Los Angeles, CA 90026 - Image 3

1249 W 2nd Street, Los Angeles, CA 90026 - Image 4

1249 W 2nd Street, Los Angeles, CA 90026 - Image 5

Multi-Family Home for sale in Los Angeles, CA

for $620,000 with 2 bedrooms and 1 full bath. This 1,130 square foot home was built in 1920 on a lot size of 0.061.

**DEVELOPER OPPORTUNITY** Centrally located near Downtown LA, this tenant-occupied duplex offers 2 x (1-bedroom, 1-bathroom) units, with Downtown skyline views and additional monthly income from prominent billboard signage on the property. The billboard agreement is month-to-month, offering a new owner potential flexibility to renegotiate the terms or pursue removal of the signage should they wish. Just around the corner from the Shakespeare Center of Los Angeles and one block from Vista Hermosa Natural Park with convenient access to green space, picnic areas, summer theatrical performances and a neighboring soccer field. The property is Zoned LACWC2(CW)U/3 and located within TOC Tier 3, the site may offer development, commercial, Live/work or business-front potential. An excellent opportunity for investors, developers or owner-users seeking income and long-term upside in a central Los Angeles location.

Multi-Family Active

Price

^$ 620,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.061

Year Built

1920

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

26943079

Days on Market

Features

General

Living Area 1130

Sewer Other

Heating Wall Furnace

Appliances Gas Oven

Zoning C2(CW)-U/3

Year Built 1920

Tenant Pays Electricity Gas

Stories Count 1

Levels One

Gross Income 42600

County Los Angeles

Net Operating Income 32958

Insurance Expense 1670

New Construction false

Property Type Residential Income

HOA false

MaintenanceExpense 500

Facing Direction South

Full Baths 0

Special Listing Conditions Standard

Status Active

Directions Two blocks west of Figueroa Street on W 2nd Street between Bixel Street and Edgeware Rd.

City Los Angeles

Disclosures Rent Control

Senior Community Y/N false

Number Of Units Total 2

MLS Area C42 - Downtown L.A.

Lot Size Units Square Feet

Lot Size Square Feet 2658

Property Attached Y/N true

Water Sewer Expense 1500

Rent Control Y/N true

Standard Status Active

Occupancy Type Tenant

Taxes 5972

Cap Rate 5.35

Interior

Interior Amenities Ceiling Fan(s)

Flooring Wood

Total Stories 1

Common Walls 1 Common Wall

Heating Y/N true

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Total Bedrooms 2

Total Baths 2

Exterior

Parking Features None

Total Parking 0

Lot Size Area 2658

Number of Buildings 1

Building Area Total 1130

Lot Size Acres 0.061

* Excluded Features

List By

Keller Williams Larchmont

Broker

Mike@FlanaganEstates.com

Affordability Calculator

$3,915

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Monthly Principal & Interest: $3,915
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,855,262

Percent of Sale Price 199%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

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Pricing History

Date	Price	Price Change	Description
9/2/2026	$620,000		Listed Price

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1249 W 2nd Street, Los Angeles, CA, 90026 is a Multi-Family Home for sale at $620,000 with 1,130 sqft and a lot size of 0.061. 1249 W 2nd Street has 2 bedrooms, 1.0 baths, and was built in 1920. The property's zip code is 90026 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 9/3/2026. 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, 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.

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1249 W 2nd Street

Multi-Family Home for sale in Los Angeles, CA

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