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I am pleased to offer for sale an eight-unit apartment community located at 1506 2nd Avenue. Situated on a large 22,500 square foot parcel, the property comprises of eight separate residential units with no shared walls. The property has an excellent unit mix of six two-bedroom units and two three-bedroom units. The property has 62% remaining rental upside through unit renovations. The continued gentrification of the surrounding area along with the rare low density construction and value-add potential makes 1506 2nd Avenue an excellent acquisition opportunity. Buyer to Verify Unit Configuration. Two Bedrooms are Legally One-Bedrooms and Three Bedrooms are Legally Two-Bedrooms. MLS® ID: 22185141 Listed: 7/31/22 Updated: 10/17/22 Interior Features Total Bedrooms: 18 Total Bathrooms: 10 Exterior/Building Features Lot Size: 0.52 acres lot Architectural Style: Bungalow Other Property Details Area Name: C16 - Mid Los Angeles Garage: No Parking: Covered Parking Total: 9.0 View: N County: Los Angeles Pool: No Total Stories: 2 Zoning: LARD1.5 Property History Date Event Price Value 10/11/22 Price Change $2,295,000 -11% Courtesy of Marcus & Millichap, Sean Rosenzweig, Listing Contact: Based on information from California Regional Multiple Listing Service, Inc. as of 10/17/22. 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.