2232 Workman
Los Angeles, CA 90031
0
Bed
0
Bath
4,161Sqft
9,980Sqft(Lot)
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 support
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Interior Features
Roof: CompositionLaundry Features: Common Area, Electric Dryer Hookup, Gas Dryer Hookup, Inside -
Heating & Cooling
Has Heating: Yes Heating: Central Cooling: None
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Building Information
Year Built: 1890Building Area Total: 4161Pool Features: NonePrivate Pool: No
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Lot Information
Main Square Feet: 9980 Lot Size Acres: 0.2291 Lot Size Source: Public Records Lot Size Square Feet: 9,980 Lot Description: 0-1 Unit/Acre
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Listing Price Information
Listing Price: $1628000Cash, Cash to New Loan
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Tax Information
Parcel Number: 5204017013 Tax Lot: 10
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Parking Information
Parking Total: 5
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Location Information
Direction: 5 fwy, exit main st, left turn on Daly, r/t @ Vallejo and l/t at Workman st. WaterSource: Public Security Features: Carbon Monoxide Detector(s),Smoke Detector(s)
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 3887 Latrobe Street, Los Angeles, CA, 90031 | $989,000 | 3 | 2 | 1,360 | 1,360 SqFt |
| 610 Montecito Drive, Los Angeles, CA, 90031 | $1,700,000 | 5 | 5 | 2,883 | 2,883 SqFt |
| 600 Montecito, Los Angeles, CA, 90031 | $1,200,000 | 3 | 5 | 2,300 | 2,300 SqFt |
| 3754 Mercury Avenue, Los Angeles, CA, 90031 | $998,000 | 4 | 3 | 2,022 | 2,022 SqFt |
| 3928 Berenice Avenue, Los Angeles, CA, 90031 | $999,000 | 2 | 2 | 1,283 | 1,283 SqFt |
| 124 E Avenue 44, Los Angeles, CA, 90031 | $459,900 | 2 | 2 | 838 | 838 SqFt |
| 137 E Avenue 43, Los Angeles, CA, 90031 | $1,295,000 | 4 | 2 | 1,724 | 1,724 SqFt |
| 2617 Sierra Street, Los Angeles, CA, 90031 | $949,900 | 5 | 5 | 3,131 | 3,131 SqFt |
| 2215 Parkside Avenue, Los Angeles, CA, 90031 | $920,000 | 4 | 3 | 2,250 | 2,250 SqFt |
| 3209 Johnston Street, Los Angeles, CA, 90031 | $825,000 | 2 | 1 | 914 | 914 SqFt |
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ByOwner last updated this listing 07/25/2026 @ 05:37
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