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Listed by Clayton Tom, DRE #01707471 • Act Realty Group
$ 1,628,000
Est. payment /mo
Active
2232 2232 Workman Los Angeles, CA 90031
9,980 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC26080663
Year Built 1890
Lot Size 9,980 Sqft
Source California Regional MLS
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 buyer's 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
Area 677 - Lincoln Hts
Interior
Heating Central Forced Air
Cooling None
Laundry Laundry Area, Other, 38
Exterior
Garage Spaces 5.0
Pool None
Roof Type Composition
Building
Water District - Public
Others
Tax ID 5204017013
Special Listing Condition Not Applicable
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