2232 Workman, Los Angeles, CA — listing photo 1
1 / 33
FOR SALE

2232 Workman

Los Angeles, CA 90031
9,980 Lot Sq Ft
Built 1890
$1,628,000

Property Overview

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

Property type
Residential Income - Apartment
Year built
1890
Lot size
9,980 sq ft
Parking
5 spaces
Stories
2
Days on market
192
Cumulative days on market
373
MLS status
Active

Features & Amenities

Pool

  • None

Lot

  • Zero To One Unit Acre

Security

  • Carbon Monoxide Detectors
  • Smoke Detectors

Community, Schools & Utilities

Utilities

Heating
Central
Cooling
None
Water
Public
Sewer
PublicSewer
Browse more homes for sale in Los Angeles

Location & Neighborhood

2232 Workman

Los Angeles, CA 90031

Open in Google MapsOpen in Apple Maps

Frequently Asked Questions About 2232 Workman

Property type: Residential Income

The current asking price is $1,628,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 2232 Workman. Our team will confirm availability and timing.
This property offers the living space reported in the listing. It was built in 1890. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Los Angeles, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Los Angeles property.
The MLS currently reports the property as Active. It has been listed for 192 days. Status can change, so verify availability before relying on it.

What clients say

“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

Get More Info

Crown Coastal Support Team

Direct support from our real estate team

Enquiry form loads as you reach this section.

Listing Agent

Name: Clayton Tom
MLS ID: STOMCLA

Available property

$1,628,000

CRMLS Logo

Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.