1249 W 2nd Street, Los Angeles, CA 90026
List Price: $620K
Listing Status: Active
0Days on Market: 1
2 Bedrooms · 2 Bathrooms · 1,130 sq ft
Property Type: ResidentialIncome
Year Built: 1920
Lot Size: 2,658 sq ft
MLS Number: 26943079
About This Property
**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.
Listing provided by: Michael Flanagan DRE #01836941 323-762-2600 Mike@FlanaganEstates.com, Keller Williams Larchmont
Source: CRMLS, MLS #: 26943079
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.