858-525-5007

2232 Workman, Los Angeles CA 90031 | $1,628,000

  • 0 bedrooms
  • 0 bathrooms
  • 0 Sq Ft
  • 9980 Lot Sq Ft
  • Type: Apartment
  • Stories: 2
  • Year Built: 1890
  • MLS#: OC26080663
  • Community: 677 - Lincoln Hts

Listing provided courtesy of Clayton Tom of Act Realty Group. Last updated 2026-06-28 08:11:33.000000. Listing information © 2025 SANDICOR.

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.

More Details

0.23 Acres
2 Stories

David Piper​

Call or Text: 858-525-5007

DRE# 02021985