2232-2232 Workman, Los Angeles, CA 90031

Los Angeles
Local realty services provided by:ERA North Orange County Real Estate
2232-2232 Workman,Los Angeles, CA 90031
$1,628,000
  • 9 Beds
  • 5 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: clayton tom
Office: act realty group
MLS#:OC26080663
Source:San Diego MLS via CRMLS

Price summary

  • Price:$1,628,000

About this home

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 buyers 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.

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Home facts

  • Listing ID #:OC26080663
  • Added:376 day(s) ago
  • Updated:October 27, 2026 at 03:30 PM

Rooms and interior

  • Bedrooms:9
  • Total bathrooms:5

Structure and exterior

  • Roof:Composition

Finances and disclosures

  • Price:$1,628,000
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