For Sale
$1,628,000
2232 Workman
Los Angeles, CA 90031
- 9,980 sq ft lot
- Built 1890
Listed by: Act Realty Group · 323-481-0691
About this home
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.
Home details
Interior
- Laundry
- Inside, Gas & Electric Dryer Hookup, Common Area
- Cooling
- None
- Heating
- Central
Exterior & lot
- Lot size
- 9,980 sq ft (0.23 acres)
- Lot features
- 0-1 Unit/Acre
- Pool
- None
- Garage spaces
- 0
- Common walls
- 2+ Common Walls
- Security
- Carbon Monoxide Detector(s), Smoke Detector(s)
Property & community
- Property type
- Apartment
- Year built
- 1890
- Community
- Urban
- County
- Los Angeles
- MLS #
- OC26080663
- Listed
- Apr 14, 2026
Location
Listed by: Act Realty Group · 323-481-0691
Based on information from the California Regional Multiple Listing Service, Inc. Information is deemed reliable but not guaranteed. All data, including measurements and calculations of area, should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office or agent presenting this information.
Listing data last updated Oct 8, 2026 3:30 am.
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Based on information from the California Regional Multiple Listing Service, Inc. Information is deemed reliable but not guaranteed. All data, including measurements and calculations of area, should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office or agent presenting this information.