2505 Hancock, Los Angeles, CA 90031

Los Angeles
Local realty services provided by:ERA Carlile Realty Group
2505 Hancock,Los Angeles, CA 90031
$7,388,888
  • - Beds
  • - Baths
  • 17,925 sq. ft.
  • Multi-family
  • Active
Listed by: everett wong
Office: kidder mathews of california949-557-5000
MLS#:PW26155563
Source:CRMLS

Price summary

  • Price:$7,388,888
  • Price per sq. ft.:$412.21

About this home

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 positioned near major employment centers, including LAC+USC Medical Center, Keck Medicine of USC, and California State University, Los Angeles, the property benefits from a deep and diverse tenant base...

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Home facts

  • Year built:1985
  • Listing ID #:PW26155563
  • Added:107 day(s) ago
  • Updated:October 31, 2026 at 12:44 PM

Rooms and interior

  • Living area:17,925 sq. ft.

Structure and exterior

  • Year built:1985
  • Building area:17,925 sq. ft.
  • Lot area:0.31 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$7,388,888
  • Price per sq. ft.:$412.21

Parking

  • Total parking spaces:29
  • Parking description:Controlled Entrance
  • Garage:Yes
  • Garage spaces:29
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