Los Angeles, CA 90031,2232 Workman
Los Angeles, CA 90031,2232 Workman
Los Angeles, CA 90031,2232 Workman
37
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$1,648,000
Est. payment /mo
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9 Beds
5 Baths
9,980 Sqft Lot
Price Dropped by $20K

2232 Workman Los Angeles, CA 90031

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Kary Manering

Kary Manering

+1(619) 213-2878

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC25240373

Bedrooms 9

Lot Size 9,980 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

Rare five-unit investment in Lincoln Heights! 22322234 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

Zoning Public Rec

Direction 5 fwy, exit main st, left turn on Daly, r/t @ Vallejo and l/t at Workman st.

Interior

Fireplace No

Exterior

View Y/N No

Roof Type Composition

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 5204017013

Acceptable Financing Cash

Listing Terms Cash

MLS Router / San Diego MLS
Listed by Clayton Tom Act Realty Group

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES
Elementary Schools 20
  • 9

    Gabriella Charter

    Public | KG - 8

  • 9

    Solano Avenue Elementary School

    Public | KG - 6

  • 9

    Kipp los Angeles College Preparatory

    Public | 5 - 8

  • 8

    Clifford Street Math & Technology Magent

    Public | KG - 6

  • 8

    Allesandro Elementary School

    Public | PK - 5

  • 8

    Puc Milagro Charter

    Public | KG - 5

  • 7

    Equitas Academy Charter #2

    Public | 5 - 8

  • 7

    Celerity Octavia Charter

    Public | KG - 8

  • 7

    Dorris Place Elementary

    Public | KG - 6

  • 7

    Mt. Washington Elementary School

    Public | KG - 6

  • 7

    Arroyo Seco Museum Science

    Public | KG - 8

  • 7

    Latona Elementary School

    Public | PK - 6

  • 6

    Betty Plasencia Elementary

    Public | KG - 5

  • 6

    El Sereno Elementary School

    Public | PK - 6

  • 6

    Marianna Avenue Elementary School

    Public | KG - 6

  • 5

    Atwater Avenue STEAM Elementary School

    Public | KG - 6

  • 5

    Los Feliz Charter School for the Arts

    Public | KG - 6

  • 5

    Castelar Elementary School

    Public | KG - 5

  • 5

    Para los Ninos Charter

    Public | KG - 5

  • 5

    Endeavor College Preparatory Charter

    Public | KG - 8

Middle Schools 17
  • 6

    Irving STEAM Magnet

    Public | 6 - 8

  • 6

    Hollenbeck Middle School

    Public | 6 - 8

  • 5

    Florence Nightingale Middle School

    Public | 6 - 8

  • 5

    Los Angeles Leadership Academy

    Public | 6 - 12

  • 4

    Puc Excel Charter Academy

    Public | 6 - 8

  • 4

    Belvedere Middle School

    Public | 6 - 8

  • 4

    El Sereno Middle School

    Public | 6 - 8

  • 3

    Studio

    Public | 6 - 8

  • 3

    Alliance College-Ready Middle Academy No. 5

    Public | 6 - 8

  • 3

    Stevenson Middle School

    Public | 6 - 8

  • 1

    Para los Ninos Middle School

    Public | 6 - 8

  • 0

    Los Angeles Unified Alternative Education

    Public | 7 - 12

  • 0

    Cds Secondary School

    Public | 6 - 12

  • 0

    Tri-C Community Day

    Public | 7 - 12

  • 0

    Pacific Ohana Acdemy

    Private | 6 - 12

  • 0

    Academia Avance Charter

    Public | 6 - 12

  • 0

    Ramona Opportunity High School

    Public | 7 - 12

High Schools 20
  • 9

    Downtown Business High School

    Public | 9 - 12

  • 9

    Francisco Bravo Medical Magnet High School

    Public | 9 - 12

  • 9

    Alliance Marc & Eva Stern Math and Science

    Public | 9 - 12

  • 8

    Alliance Environmental Science and Technology High School

    Public | 9 - 12

  • 8

    Math, Science, & Technology Magnet Academy at Roosevelt High School

    Public | 9 - 12

  • 8

    Los Angeles High School for the Arts

    Public | 9 - 12

  • 7

    Ramon C. Cortines School of Visual and Performing

    Public | 9 - 12

  • 7

    PUC Early College Academy for Leaders & Scholars (ECALS)

    Public | 9 - 12

  • 6

    Usc Hybrid High School

    Public | 9 - 12

  • 6

    Alliance Susan and Eric Smidt Technology High School

    Public | 9 - 12

  • 6

    Lincoln High School

    Public | 9 - 12

  • 6

    Benjamin Franklin High School

    Public | 9 - 12

  • 5

    Camino Nuevo Charter High School

    Public | 9 - 12

  • 5

    Roybal Learning Center

    Public | 9 - 12

  • 5

    Alliance Tennenbaum Family Technology High School

    Public | 9 - 12

  • 5

    Boyle Heights STEM High School

    Public | 9 - 12

  • 5

    Leadership in Entertainment and Media Arts (Lema)

    Public | 9 - 12

  • 5

    Los Angeles International Charter High School

    Public | 9 - 12

  • 5

    Esteban Torres High School - Engineering & Technology Academy

    Public | 9 - 12

  • 5

    Esteban Torres High School - East Los Angeles Renaissance Academy

    Public | 9 - 12

School and business data provided by Attom Data.

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Kary Manering

Kary Manering

Agent | License ID: 01999946

+1(619) 213-2878

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2232 Workman