2232 Workman, Los Angeles, CA 90031
List Price: $1.63M
Listing Status: Active
0Days on Market: 14
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1890
Lot Size: 9,980 sq ft
Private Pool: Yes
MLS Number: OC26080663
About This Property
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.
Listing provided by: Clayton Tom DRE #01707471 323-481-0691 ctom42@gmail.com, Act Realty Group
Source: CRMLS, MLS #: OC26080663
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.