Property Details
About this Property
Rare five-unit investment in Lincoln Heights! 2232–2234 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.
MLS Listing Information
MLS #
CROC25240373
MLS Source
California Regional MLS
Days on Site
20
Interior Features
Appliances
Other
Cooling
None
Heating
Central Forced Air
Exterior Features
Roof
Composition
Parking, School, and Other Information
Garage/Parking
Garage: 0 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 2 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
2232 2232 Workman is a Residential Income in Los Angeles, CA 90031. This – square foot property sits on a 9,980 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,688,000 and was built in 1890. This address can also be written as 2232 2232 Workman, Los Angeles, CA 90031.
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This listing information is up-to-date as of October 15, 2025. For the most current information, please contact Clayton Tom, (323) 481-0691
