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Listed by: Clayton Tom (323) 481-0691 DRE #01707471 | Act Realty Group (323) 481-0691
$1,628,000
Monthly Est:$8,103
11 Beds
6 Baths
4,161sqft
2232 Workman, Los Angeles, CA 90031
$1,628,000
$8,103/moEst:
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Apartment
Built in 1890
$-- HOA
9,980 sqft lot
$391/sq.ft
Description
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 supports meaningful upside upon stabilization, making this an ideal opportunity for investors seeking a value-add, lease-up play with long-term income growth.
- Houzeo last checked: 12 minutes ago
- Listing updated: August 18, 2026 at 4:37 pm
- Source: California Regional MLS-CA | MLS#: OC26080663
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1890
HOA Fees
-
Finished Area
4,161 sqft
Lot Size
9,980 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
OC26080663
MLS Status
Active
Days on Market
186
Cumulative Days on Market
307
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 11
Bathrooms: 6
Interior
Sewer
Public Sewer
Heating
Central
Cooling
None
Construction
Year Built
Year Built: 1890
Home type
Apartment
Roof
Composition
Utilities & Energy
Water Source
Public
Pool Features
None
Security Features
Carbon Monoxide Detectors, Smoke Detectors
Laundry Features
Common Area, Electric Dryer Hookup, Gas Dryer Hookup, Inside
Other Features
Lot Features
Zero To One Unit Acre
Community Features
Urban
Price History
| Date | Event | Price |
|---|---|---|
10/06/2025 Source: | Listed for Sale | $1,680,000 $404/sqft |
10/06/2025 Source: | Off Market | $1,680,000 $404/sqft |
Lincoln Heights Ranks #195 in Los Angeles, CA
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Based on information from California Regional Multiple Listing Service, Inc. as of Oct 18, 2026, 03:45PM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
Advertising Broker: William Johnson DRE #01463271 | William Johnson Brokerage
