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Stacey Alysson Melman

1249 W 2nd ST
Los Angeles, CA, 90026
$620,000
2 Beds
2 Baths
1,130 SqFt
0.06 Acres
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MLS #26943079 image #0
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.
AGENT: Michael Flanagan
LISTING BROKERAGE: Keller Williams Larchmont
1249 W 2nd ST
Los Angeles, CA

Property Details

Price:
$620,000
MLS #:
26943079
Status:
Active
Beds:
2
Baths:
2
Type:
Single Family
Neighborhood:
c42downtownla
Listed Date:
Sep 2, 2026
Finished Sq Ft:
1,130
Total Sq Ft:
1,130
Lot Size:
2,658 sqft / 0.06 acres (approx)
Year Built:
1920
C42 – Downtown L.a.C42downtownla
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Schools

Interior

Appliances
Gas Oven
Flooring
Wood
Heating
Wall Furnace
Interior Features
Ceiling Fan(s)
Levels
One

Exterior

Common Walls
1 Common Wall
Direction Faces
South
Parking Features
None
Stories
1

Financial

Gross Operating Income
$42,600
Maintenance Fee
$500
Net Operating Income
$32,958

Map

Community

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