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1249 W 2nd St , Los Angeles, CA 90026
$620,000
Est. Payment: $3,311.23/mo
2 Bed
2 Bath
1130 Sqft
Status: Active | Days on site: 13
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CLW-X74850 - CLW-X87243
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Chris Heller
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House Description

**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.
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Highlights

Listed by Michael Flanagan , 310-266-2959 Keller Williams Larchmont , 323-762-2600. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family
Lot/Acreage
0.06

Year Built

1920

County

Los Angeles

Area

C42 - Downtown L.A.

Listing ID

26943079

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:2
  • ▪ Bathrooms:2
  • ▪ Full Bathrooms:0
Appliances:Gas Oven
Floor:Wood
Other:
  • ▪ Additional:Ceiling Fan(s)

Exterior Features

Lot:No Land Lease
Garage Capacity:0
Zoning:C2(CW)-U/3
Others:
  • ▪ Additional:2+ Total Units
Sewer:Other
Principal Interest
$3,311
Taxes
$395

Home Price

$620,000

Loan Details

30 yrs
7.034%

Down Payment

20%
$124,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,311.23

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,311.23 $395.25 $0.00 $3,706.48
Yearly $39,734.81 $4,743.00 $0.00 $44,477.81
Total $1,192,044.22 $142,290.00 $0.00 $1,334,334.22

Today's Rates

30 Year

7.03%

20 Year

7.02%

15 Year

6.38%

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Market insight data is pulled from the same city as the listing being viewed (Los Angeles, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. 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. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-09-23T01:02:47.000Z

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