2232 2232 Workman, Los Angeles, CA 90031 – OC25240373

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Sean Beattie Jr.

info@seanbeattiejr.com +1(415) 845-8732

$1,688,000

Est. payment - /mo

9,979 Sqft Lot

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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC25240373

HOA Y/N No

Year Built 1890

Lot Size 9,979 Sqft

Property Sub-Type Apartment

Property Description

Rare five-unit investment in Lincoln Heights! 2232–2234 Workman Street features a desirable two-building configuration on a deep rectangular 9,980 sq ft lot (LARD1.5 zoning). The property consists of five total units — one (1) 3-bedroom, 2-bath, and four (4) 2-bedroom, 1-bath units — totaling approximately 4,160 sq ft. Built in 1921, the buildings combine classic architecture with solid rental fundamentals.

The rear two-story structure (2234) 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 (2232 & 2232 1/2) features two 2-bedroom, 1-bath units, each with separate entries.

Based on pro-forma numbers, the property can yield a 5% cap rate at market rents. This allows for immediate upside as units transition to market rents.

The large, deep lot with LARD1.5 zoning may offer future ADU or redevelopment potential (buyer to verify with the City).

Excellent location: minutes from Downtown LA, Chinatown, the Arts District, and USC Health Sciences Campus, with convenient freeway access. This is a value-add opportunity in a rapidly appreciating neighborhood with strong rental demand and long-term growth potential.

Location

State CA

County Los Angeles

Area 677 - Lincoln Hts

Interior

Heating Central

Cooling None

Fireplace No

Laundry Common Area, Electric Dryer Hookup, Gas Dryer Hookup, Inside

Exterior

Fence Average Condition

Pool None

Community Features Urban

Roof Type Composition

Total Parking Spaces 5

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5204017013

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

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Listed by Clayton Tom Act Realty Group 323-481-0691

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Sean Beattie Jr.

+1(415) 845-8732

Agent | CA DRE# 01944311

Agent CA DRE# 01944311

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2232 2232 Workman Los Angeles, CA 90031

Sean Beattie Jr.

Key Details

Location

Interior

Exterior

Building

Others

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