2232 Workman, Los Angeles, CA 90031
Local realty services provided by:ERA North Orange County Real Estate
2232 Workman,Los Angeles, CA 90031
$1,628,000
- - Beds
- - Baths
- 4,161 sq. ft.
- Multi-family
- Active
Listed by: clayton tom
Office: act realty group323-481-0691
MLS#:OC26080663
Source:CRMLS
Price summary
- Price:$1,628,000
- Price per sq. ft.:$391.25
About this home
2232–2234 Workman Street offers a well-located five-unit property on a deep 9,980 sq ft rectangular lot with LARD1.5 zoning. The asset consists of two separate buildings totaling approximately 4,160 sq ft and features an excellent unit mix: one (1) 3-bedroom, 2-bath unit and four (4) 2-bedroom, 1-bath units.
Built in 1921, the property blends classic character with solid rental fundamentals. The rear two-story building includes a spacious 3-bedroom, 2-bath unit on the ground floor and two 2-bedroom, 1-bath units above. The front building, facing Workman Street, offers two 2-bedroom, 1-bath units with private entrances.
Projected at approximately a 5% cap rate at market rents, this property presents clear value-add potential as units transition. The large lot may offer future ADU or redevelopment opportunities (buyer to verify).
Excellent location just minutes from Downtown LA, Chinatown, the Arts District, and USC Health Sciences Campus, with convenient freeway access. Strong rental demand and long-term growth potential make this a compelling investment opportunity....
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Home facts
- Year built:1890
- Listing ID #:OC26080663
- Added:1 day(s) ago
- Updated:April 15, 2026 at 04:42 AM
Rooms and interior
- Living area:4,161 sq. ft.
Heating and cooling
- Heating:Central Furnace
Structure and exterior
- Roof:Composition
- Year built:1890
- Building area:4,161 sq. ft.
- Lot area:0.23 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,628,000
- Price per sq. ft.:$391.25
Features and amenities
- Laundry features:Common Area, Electric Dryer Hookup, Gas Dryer Hookup, Inside
- Amenities:Carbon Monoxide Detectors, Smoke Detectors
Parking
- Total parking spaces:5
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