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Additional details
$ 1,628,000
Est. payment /mo
Active
2232-2232 Workman Los Angeles, CA 90031
9 Beds
5 Baths
9,980 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26080663
Bedrooms 9
Lot Size 9,980 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Rare value-add opportunity in Lincoln Heights featuring a 5-unit property with significant vacancy, allowing a new owner to establish market rents from day one and implement a tailored lease-up strategy. Current income reflects existing vacancy, offering a clear path to repositioning and increased returns over time. Property consists of a desirable unit mix including multiple 2-bedroom units and one 3-bedroom unit, appealing to a broad tenant base. Vacancy provides operational flexibility, with no widespread tenant displacement required; one unit may require relocation depending on the buyers plan. All units are separately metered for gas and electricity, with a single water meter for the property, supporting efficient management and expense control. Market rent potential supports meaningful upside upon stabilization, making this an ideal opportunity for investors seeking a value-add, lease-up play with long-term income growth.
Location
State CA
County Los Angeles
Zoning Public Rec
Direction 5 fwy, exit main st, left turn on Daly, r/t @ Vallejo and l/t at Workman st.
Interior
Fireplace No
Exterior
View Y/N No
Roof Type Composition
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5204017013
Acceptable Financing Cash
Listing Terms Cash
Listed by Clayton Tom, DRE#01707471 Act Realty Group
NEARBY SCHOOL & BUSINESS
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