714-745-2708

1249 W 2nd Street, Los Angeles, CA 90026

$620,000 Approx. USD 2 beds, 2 baths
1,130 sqft

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Marketed By The Keaty Team

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Marketed By The Keaty Team REALTOR® - Sales Associate 714-608-3298 m
714-745-2708 o
Lic#: 01276603
NRDS ID: 187514104
thekeatyteam@bhhscal.com Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
Phone: 714-832-8800
Fax: 949-565-7700

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Listing Agent

Michael Flanagan | Mike@FlanaganEstates.com
Lic#: 01836941
Broker: Courtesy of Keller Williams Larchmont
Phone: 310-266-2959

Co Listing Agent

Peter F Gragnani | GragnaniRealEstate@gmail.com
Lic#: 01335700
Broker: Courtesy of Gragnani Real Estate
Phone: 213-364-6968

Agent Remarks

**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.

Listing Details

Property type: (Multi-Family)

Status: Active

MLS# 26943079

Price: $620,000

Beds: 2

Baths: 2

Built in 1920

1,130 sqft

1 story

0.06 acres

Lot size: 0.0610

County: Los Angeles

Zoning: C2(CW)-U/3

Interior features: Ceiling Fan(s)

Appliances: Gas Oven

Parking description: None

Heating description: Wall Furnace

MLS area: C42 - Downtown L.A.

Last Updated: 9/23/2026

Days On Market (DOM): 32

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This listing belongs to the C42 - Downtown L.A. MLS area

Lat/Long: 34.060063, -118.257465.
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Source: CRM. Also Available in 26961157,

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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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