2505 Hancock, Los Angeles, CA — listing photo 1
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FOR SALENew Listing

2505 Hancock

Los Angeles, CA 90031
13,653 Lot Sq Ft
Built 1985
$7,388,888

Property Overview

We are pleased to present 2505 Hancock Street—a rare opportunity to acquire a 28-unit multifamily asset with significant capital improvements in the heart of Lincoln Heights, one of Northeast Los Angeles' most dynamic rental submarkets. This property is offered at an attractive 9.9x GRM and 6.3% Cap Rate. Built in 1985, the property is subject to California's AB 1482 statewide rent control regulations rather than the City of Los Angeles Rent Stabilization Ordinance. Ownership has completed significant capital improvements, including a new roof overlay and replacement of electrical sub-panels for all units, substantially reducing future capital expenditure requirements. Approximately half of the units feature desirable two-story loft layouts with expansive private patios. Ideally positioned near major employment centers, including LAC+USC Medical Center, Keck Medicine of USC, and California State University, Los Angeles, the property benefits from a deep and diverse tenant base driven by healthcare, education, and Downtown Los Angeles employment.

Home Details

Property type
Residential Income - Mixed Use
Year built
1985
Lot size
13,653 sq ft
Parking
29 spaces
Garage
29 spaces
Stories
3
Days on market
5
MLS status
Active

Features & Amenities

Parking

  • Controlled Entrance

Pool

  • None

Lot

  • Zero To One Unit Acre

Community, Schools & Utilities

Utilities

Water
Public
Sewer
PublicSewer
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Location & Neighborhood

2505 Hancock

Los Angeles, CA 90031

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Frequently Asked Questions About 2505 Hancock

Property type: Residential Income

The current asking price is $7,388,888. 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 2505 Hancock. Our team will confirm availability and timing.
This property offers the living space reported in the listing. It was built in 1985. 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 5 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

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Listing Agent

Name: Everett Wong
MLS ID: PWEVERETT

Available property

$7,388,888

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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.