2505 Hancock
Los Angeles, CA 90031
10
Bed
7
Bath
13,653Sqft(Lot)
We are pleased to present 2505 Hancock Street—a rare opportunity to acquire a 28-unit multifamily asset with significant capital improvements in the heart of Lincoln Heights, one of Northeast Los Angeles' most dynamic rental submarkets. This property is offered at an attractive 9.9x GRM and 6.3% Cap Rate. Built in 1985, the property is subject to California's AB 1482 statewide rent control regulations rather than the City of Los Angeles Rent Stabilization Ordinance. Ownership has completed significant capital improvements, including a new roof overlay and replacement of electrical sub-panels for all units, substantially reducing future capital expenditure requirements. Approximately half of the units feature desirable two-story loft layouts with expansive private patios. Ideally positi
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Building Information
Year Built: 1985Building Area Total: 17925Pool Features: NonePrivate Pool: No
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Lot Information
Main Square Feet: 13653 Lot Size Acres: 0.3134 Lot Size Source: Assessor Lot Size Square Feet: 13,653 Lot Description: ZeroToOneUnitAcre
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Listing Price Information
Listing Price: $7388888Conventional
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Tax Information
Parcel Number: 5208002018 Tax Lot: 2
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Virtual Tour
Parking Information
Parking Total: 29 ControlledEntranceGarage Information
Has Garage: Yes Garage Space: 29
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Location Information
Direction: North of Broadway. East of Griffin WaterSource: Public
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 |
| 885 Montecito, Los Angeles, CA, 90031 | $999,999 | 3 | 2 | 1,134 | 1,134 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 |
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ByOwner last updated this listing 07/26/2026 @ 02:33
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