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2429 Workman Street

Lincoln Heights, CA 90031
  • $1,825,000
  • STATUS: Active
  • ON SITE: 77 Days
  • ID#: DW23173990
$1,825,000
  • 0
    BEDS
  • 0.23
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1914
County:

School Ratings & Info

Listing Agent(s): Biridiana Robles of Homesmart Realty Group (562-912-7770)


Description

Welcome to your next lucrative investment in Los Angeles! This exceptional seven-unit multi-family property is now available and ready to generate steady rental income. Located in the vibrant community of Lincoln Heights, this property offers a fantastic opportunity.This seven unit represents an excellent investment opportunity in a thriving rental market. Perfect for investors or a family that wants to produce income and live on the property. First time on the market since 1969. Family owned and operated for 54 years. One unit has 3 bedrooms and 2 baths, two units have 2 bedrooms and 1.5 baths, the other four units are spacious 1 bedroom, 1 bath each (one unit has an additional bonus room used as a 2nd bedroom). Wonderful lot size to host with a private back yard and plenty of parking. two garages, one is 2 car garage and the other is a one car garage. Convenient location with easy access to Downtown L.A., Walt Disney Concert Hall, Chinatown, Crypto.com Arena, Dodger Stadium, CAL State LA, Metro link, freeways (5,60,110,10,101), DMV, private and public schools, Los Angeles Medical Center, Keck School of Medicine of USC, Nightlife, Public transportation. Many Landmarks near, Lincoln Park Historic district, Los Angeles State Historic Park that host many events, Elysian Park, San Antonio Winery, The Brewery Art Colony, Heritage Square Museum. Walking distance to shopping stores, library and restaurants, perfect for outdoor dining.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-04T00:25:53.033. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty Group - Brokered by EXP. Licensed in the State of California, USA.
www.twissrealty.com/homes/143478509
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2429 Workman Street Lincoln Heights, CA 90031

  • Price: $1,825,000
  • Status: Active
  • On Site: 77 Days
  • ID#: DW23173990
0
Beds
0
Baths
0
½ Baths
0.23
Acres
1914
Built
Neighborhood:
677 - Lincoln Hts
County:
Los Angeles
Area:
677 - Lincoln Hts
Property Description
Welcome to your next lucrative investment in Los Angeles! This exceptional seven-unit multi-family property is now available and ready to generate steady rental income. Located in the vibrant community of Lincoln Heights, this property offers a fantastic opportunity.This seven unit represents an excellent investment opportunity in a thriving rental market. Perfect for investors or a family that wants to produce income and live on the property. First time on the market since 1969. Family owned and operated for 54 years. One unit has 3 bedrooms and 2 baths, two units have 2 bedrooms and 1.5 baths, the other four units are spacious 1 bedroom, 1 bath each (one unit has an additional bonus room used as a 2nd bedroom). Wonderful lot size to host with a private back yard and plenty of parking. two garages, one is 2 car garage and the other is a one car garage. Convenient location with easy access to Downtown L.A., Walt Disney Concert Hall, Chinatown, Crypto.com Arena, Dodger Stadium, CAL State LA, Metro link, freeways (5,60,110,10,101), DMV, private and public schools, Los Angeles Medical Center, Keck School of Medicine of USC, Nightlife, Public transportation. Many Landmarks near, Lincoln Park Historic district, Los Angeles State Historic Park that host many events, Elysian Park, San Antonio Winery, The Brewery Art Colony, Heritage Square Museum. Walking distance to shopping stores, library and restaurants, perfect for outdoor dining.
Exterior Features

Entry Level 1 Entry Location 1 Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 7 Open Parking Spaces 8 Parking Features Direct AccessDrivewayGarageGarage Door OpenerPublicPrivateRv Access/ParkingOne Space Parking Total 10 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls Cooling Central Air Cooling YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features FishingPark Contingency Contingency-Seller Finding Replacement Home And Closing Concurrent. 7-14 Days For Seller To Move Out After Their Closing Electric Expense 0 Exclusions All Personal Property Fuel Expense 0 Garage YN Yes Gross Income 0 Gross Scheduled Income 109740 Insurance Expense 700 Land Lease YN No Laundry Features In Garage Levels TwoMulti/Split Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To Existing LoanCash To New LoanConventional1031 Exchange Maintenance Expense 1800 Net Operating Income 93090 New Construction YN No Number Of Separate Gas Meters 7 Number Of Separate Water Meters 2 Number Of Units Leased 5 Operating Expense 16650 Other Expense 5000 Possession See Remarks Property Sub Type Mixed Use Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Trust Tenant Pays ElectricityGas Trash Expense 1000 Water Sewer Expense 7400 Water Source Public Zoning Lac4



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-04T00:25:53.033. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty Group - Brokered by EXP. Licensed in the State of California, USA.
 
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Twiss Realty Group - Brokered by EXP
5036 Highway 140
Mariposa CA, 95338
Listing Agent(s): Biridiana Robles of Homesmart Realty Group (562-912-7770)