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2429 Workman Street

Lincoln Heights, CA 90031
  • $1,825,000
  • STATUS: Active
  • ON SITE: 71 Days
  • ID#: DW23174361
$1,825,000
  • 0
    BEDS
  • 0.23
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1914
County:

School Ratings & Info

Listing Agent(s): Biridiana Robles of Homesmart Realty Group (562-912-7770)


Description

Welcome to your next lucrative investment in Los Angeles! This exceptional seven-unit multi-family property is now available and ready to generate steady rental income. Located in the vibrant community of Lincoln Heights, this property offers a fantastic opportunity. This seven unit represents an excellent investment opportunity in a thriving rental market. Perfect for investors or a family that wants to produce income and live on the property. First time on the market since 1969. Family owned and operated for 54 years. One unit has 3 bedrooms and 2 baths, two units have 2 bedrooms and 1.5 baths, the other four units are spacious 1 bedroom, 1 bath each (one of the one bedroom unit has an additional bonus room used as a 2nd bedroom). two garages, one is a 2 car garage and the other is a 1 car garage. Wonderful lot size to host with a private back yard and plenty of parking. Convenient location with easy access to Downtown L. A. , Walt Disney Concert Hall, Chinatown, Crypto.com Arena, Dodger Stadium, CAL State LA, Metro link, freeways (5,60,110,10,101), DMV, private and public schools, Los Angeles Medical Center, Keck School of Medicine of USC, Nightlife, Public transportation. Many Landmarks near, Lincoln Park Historic district, Los Angeles State Historic Park that host many events, Elysian Park, San Antonio Winery, The Brewery Art Colony, Heritage Square Museum. Walking distance to shopping stores, library and restaurants, perfect for outdoor dining.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-11-29T00:28:22.843. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or EQTY | Forbes Global Properties. Licensed in the State of California, USA.
www.thecharlieprice.com/homes/143489884
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2429 Workman Street Lincoln Heights, CA 90031

  • Price: $1,825,000
  • Status: Active
  • On Site: 71 Days
  • ID#: DW23174361
0
Beds
0
Baths
0
½ Baths
0.23
Acres
1914
Built
Neighborhood:
677 - Lincoln Hts
County:
Los Angeles
Area:
677 - Lincoln Hts
Property Description
Welcome to your next lucrative investment in Los Angeles! This exceptional seven-unit multi-family property is now available and ready to generate steady rental income. Located in the vibrant community of Lincoln Heights, this property offers a fantastic opportunity. This seven unit represents an excellent investment opportunity in a thriving rental market. Perfect for investors or a family that wants to produce income and live on the property. First time on the market since 1969. Family owned and operated for 54 years. One unit has 3 bedrooms and 2 baths, two units have 2 bedrooms and 1.5 baths, the other four units are spacious 1 bedroom, 1 bath each (one of the one bedroom unit has an additional bonus room used as a 2nd bedroom). two garages, one is a 2 car garage and the other is a 1 car garage. Wonderful lot size to host with a private back yard and plenty of parking. Convenient location with easy access to Downtown L. A. , Walt Disney Concert Hall, Chinatown, Crypto.com Arena, Dodger Stadium, CAL State LA, Metro link, freeways (5,60,110,10,101), DMV, private and public schools, Los Angeles Medical Center, Keck School of Medicine of USC, Nightlife, Public transportation. Many Landmarks near, Lincoln Park Historic district, Los Angeles State Historic Park that host many events, Elysian Park, San Antonio Winery, The Brewery Art Colony, Heritage Square Museum. Walking distance to shopping stores, library and restaurants, perfect for outdoor dining.
Exterior Features

Entry Level 1 Lot Features 0-1 Unit/Acre Sign On Property YN No

Property Features

Additional Parcels YN No Cap Rate 4.9 Common Interest None Exclusions All Personal Property Gross Scheduled Income 109740 Insurance Expense 700 Land Lease YN No Laundry Features In Garage Listing Agreement Exclusive Right To Sell Listing Terms CashCash To Existing LoanCash To New LoanConventional1031 Exchange Maintenance Expense 1800 Net Operating Income 93090 Operating Expense 16650 Other Expense 5000 Property Sub Type Multi Family Special Listing Conditions Trust Trash Expense 1000 Water Sewer Expense 7400 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-11-29T00:28:22.843. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or EQTY | Forbes Global Properties. Licensed in the State of California, USA.
 
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EQTY | Forbes Global Properties
1100 Newport Center Drive, Suite 110
Newport Beach CA, 92660
Listing Agent(s): Biridiana Robles of Homesmart Realty Group (562-912-7770)