Apartment for sale in Southern California — $1,628,000. 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 incom…
$1,628,000
2232 Workman, Los Angeles, CA 90031
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.
Listing updated: April 28, 2026 at 12:28 PM
Listed by: Clayton Tom, Act Realty Group
Source: CRMLS, MLS#: OC26080663, Originating MLS: California Regional MLS
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| Date | Event | Price |
|---|---|---|
4/14/2026 Source: CRMLS, #OC26080663 | Listed for sale | $1,628,000 |
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