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$620,000

  • For Sale
  • Active
  • Multi-Family
  • 2 Total Beds
  • Updated 6 days ago
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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.

Full Property Details for 1249 W 2nd St

General

  • Price: $620,000
  • HOA FEE: $500
  • Status: Active
  • Type: Multi-Family
  • Source: CLAW
  • MLS ID: 26943079
  • Updated: 9/14/2026
  • Added to Site: 20 day(s) ago

Interior

  • Cooking Appliances: Oven-Gas
  • Flooring: Hardwood

Rooms

Bathrooms

  • Total Bathrooms: 2

Bedrooms

  • Total Bedrooms: 2

Additional Information

  • Other Features: None

Parking

  • Garage Description: None

Location

  • Area: Downtown L.A.
  • County: Los Angeles
  • Driving Directions: Two blocks west of Figueroa Street on W 2nd Street, between Bixel Street and Edgeware Rd.
  • Direction Faces: South

Heating & Cooling

  • Cooling Type: Ceiling Fan
  • Heating Type: Wall

Utilities

  • Sewer: In Street
  • Water: Public

Structural Information

  • # Buildings: 1
  • Architectural Style: A-Frame
  • Roof: Asphalt
  • Common Walls: Attached
  • Stories/Levels: 1
  • Square Feet: 1,130
  • Sq. Ft. Source: Vendor Enhanced
  • Year Built: 1920
  • Year Built Source: Vendor Enhanced

Unit Information

  • Units in Complex: 2
  • Unit Type: 2106, 2107, 2108

Unit 1

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Total Bathrooms: 1
  • Bedrooms: 1

Additional Structures

  • Other Structures: None

Lot Features

  • Lot Size (Acres): 0.061
  • Lot Size: 2658
  • Lot Size Source: Vendor Enhanced
  • Zoning: C2(CW)-U/3

Financial Considerations

  • Price Per Sq. Ft.: $548.67
  • Maint. Fee: $500
  • Insurance Fee: $1,670
  • Assessment Year: 1920
  • Owner Pays: Water
  • Tenant Pays: Electricity, Gas

Disclosures and Reports

  • Disclosures/Reports: As Is, Rent Control
  • APN: 5152-008-018

Listed by Keller Williams Larchmont, Michael Flanagan

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Listing agent

— 1249 W 2nd St —

  • Michael Flanagan

    Keller Williams Larchmont

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1249 W 2nd St

School District:Los Angeles Unified School District
NameGradesDistance
Betty Plasencia Elementary School
1321 Cortez Street, Los Angeles, CA 90026
K-50.4 mi
Sal Castro Middle School
1575 West 2nd Street, Los Angeles, CA 90026
7-80.4 mi
Edward R. Roybal Learning Center
1200 Colton Street, Los Angeles, CA 90026
9-120.2 mi
Academic Leadership Community School
322 Lucas Avenue, Los Angeles, CA 90017
9-120.3 mi
Miguel Contreras Learning Complex School
322 Lucas Avenue, Los Angeles, CA 90017
9-120.3 mi
Contreras Learning Center-Los Angeles School Of Global Studies
322 Lucas Avenue, Los Angeles, CA 90017
9-120.3 mi
Contreras Learning Center-School Of Social Justice
322 Lucas Avenue, Los Angeles, CA 90017
9-120.3 mi
Belmont Senior High School
1575 West 2nd Street, Los Angeles, CA 90026
9-120.4 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1249 W 2nd St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/01/2026
Listed
$620,000
53.09%
MLS
9/10/2015
Sold
$405,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1249 W 2nd St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,972
—
$489,017
2%
2025
$5,972
1%
$479,430
2%
2024
$5,910
2%
$470,031
2%
2023
$5,802
5%
$460,815
2%
2022
$5,540
1%
$451,780
2%
2021
$5,468
-1%
$442,923
1%
2020
$5,522
4%
$438,383
2%
2019
$5,308
1%
$429,788
2%
2018
$5,249
2%
$421,362
2%
2017
$5,138
2%
$413,100
2%
2016
$5,019
39%
$405,000
42%
2015
$3,602
-1%
$286,081
2%
2014
$3,627
—
$280,478
—
2013
$3,621
—
$279,211
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 1249 W 2nd St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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with our affiliated lender
NMLS#: 1598647

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Listed by Keller Williams Larchmont, Michael Flanagan

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1249 W 2nd St, Los Angeles, CA 90026 (MLS# 26943079) is a Multi-Family property with units containing 2 bedrooms and 0 full bathrooms. 1249 W 2nd St is currently listed for $620,000 and was received on September 01, 2026. Want to learn more about 1249 W 2nd St? Do you have questions about finding other Multi-Family real estate for sale in Downtown L.A.? You can browse all Downtown L.A. real estate or contact a Coldwell Banker agent to request more information.

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