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2232 Workman

Los Angeles, CA 90031
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Bed 11

Bed

Bath 6

Bath

SqFt9,980

Sqft(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 s upports meaningful upside upon stabilization, making this an ideal opportunity for investors seeking a value-add, lease-up play with long-term income growth.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,628,000

AD Id : 77052856

MLS Id : OC26080663

Beds : 11

Lot Size : 9,980 Sqft

Year Built : 1890

County : Los Angeles

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Feature Features

  • Interior Features

    Roof: Composition
    Laundry Features: CommonArea, ElectricDryerHookup, GasDryerHookup, Inside
  • Heating & Cooling

    Has Heating: Yes Heating: Central Cooling: None

  • Building Information

    Year Built: 1890
    Building Area Total: 4161
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 9980 Lot Size Acres: 0.2291 Lot Size Source: PublicRecords Lot Size Square Feet: 9,980 Lot Description: ZeroToOneUnitAcre

  • Listing Price Information

    Listing Price: $1628000
    Cash, CashToNewLoan

  • Tax Information

    Parcel Number: 5204017013 Tax Lot: 10

  • Parking Information

    Parking Total: 5

  • 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: CarbonMonoxideDetectors,SmokeDetectors
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Nearby Home Value

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775 Montecito Drive, Los Angeles, CA, 90031 $849,000 3 3 1,579 3,616 Sqft
3754 Mercury Avenue, Los Angeles, CA, 90031 $972,000 4 3 2,022 3,557 Sqft
4129 Turquoise, Los Angeles, CA, 90031 $780,000 4 2 1,308 7,593 Sqft
4112 Telluride, Los Angeles, CA, 90031 $799,900 3 2 1,158 4,473 Sqft
1088 Montecito Drive, Los Angeles, CA, 90031 $899,000 2 2 1,071 5,200 Sqft
4009 Berenice Place, Los Angeles, CA, 90031 $1,199,000 3 3 1,334 14,244 Sqft
124 E Avenue 44, Los Angeles, CA, 90031 $459,900 2 2 838 7,504 Sqft

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/13/2026 @ 16:22

MLS: OC26080663 LISTED BY: Clayton Tom, Act Realty Group 323-481-0691 SOURCE: CRMLS

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