1249 W 2nd Street
Los Angeles
90026
$620,000
Residential Income
beds: 2
baths: 2.0
1,130 sq. ft.
built: 1920
- Status:
- Active
- Prop. Type:
- Residential Income
- MLS® Num:
- 26943079
- Bedrooms:
- 2
- Bathrooms:
- 2
- Year Built:
- 1920
- Photos (5)
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**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.
- Total Floor Area:
- 1,130 sq. ft.
- Property Attached:
- Yes
- Lot Area:
- 2,658 sq. ft.
- Bedrooms:
- 2
- Full Bathrooms:
- 0
- Three Quarter Bathrooms:
- 0
- Half Bathrooms:
- 0
- One Quarter Bathrooms:
- 0
- Bathrooms:
- 2.0 (Full:0, Half:0)
- Year built:
- 1920 (Age: 106)
- General Listing Location:
- Los Angeles, C42 - Downtown L.A.
- County Or Parish:
- Los Angeles
- Tenant Pays:
- Electricity, Gas
- Gross Income:
- $42,600
- Net Operating Income:
- $32,958
- Cap Rate %:
- 5.35
- Rent Control:
- Yes
- Insurance Expense:
- $1,670
- Maintenance Expense:
- $500
- Taxes expense:
- 5972.0
- Water and Sewer Expense:
- $1,500
- Two blocks west of Figueroa Street on W 2nd Street, between Bixel Street and Edgeware Rd.
- Appliances:
- Gas Oven
- Number of Buildings:
- 1
- Senior Community:
- No
- Interior Features:
- Ceiling Fan(s)
- Direction Faces:
- South
- Levels:
- One
- Num Stories:
- 1
- New Constr.:
- No
- Flooring:
- Wood
- Common Walls:
- 1 Common Wall
- # Units:
- 2
- Heating:
- Wall Furnace
- Sewer:
- Other
- Total Parking Spaces:
- 0
- Parking Features:
- None
- Special Listing Conditions:
- Standard
- Parcel Number:
- 5152008018
- Zoning:
- C2(CW)-U/3
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Listed by Keller Williams Larchmont
Data was last updated September 2, 2026 at 10:40 PM (UTC)
- BILLY LONG
- 1 (310) 663-1177
- Contact by Email
Based on information from California Regional Multiple Listing Service, Inc. as of September 2, 2026 at 10:40 PM (UTC) and/or other sources.
All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS.
All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.