2232 Workman St Los Angeles, CA 90031
Lincoln Heights NeighborhoodEstimated payment $9,321/month
Highlights
- Central Heating
- Lincoln High School Rated A-
- Fenced
About This Home
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 Agent
Act Realty Group Brokerage Phone: 323-481-0691 License #01707471 Listed on: 04/14/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1890
Lot Details
- 9,980 Sq Ft Lot
- Two or More Common Walls
- Fenced
- Fence is in average condition
- Density is up to 1 Unit/Acre
Home Design
- Apartment
- Entry on the 1st floor
- Composition Roof
Interior Spaces
- 4,161 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 11 Bedrooms
- 6 Bathrooms
Laundry
- Laundry in unit
- Gas And Electric Dryer Hookup
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 5 Open Parking Spaces
- 5 Parking Spaces
Additional Features
- Urban Location
- Central Heating
Listing and Financial Details
- Tax Lot 10
- Assessor Parcel Number 5204017013
- $1,155 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 31,271 Units
Amenities
- Laundry Facilities
Building Details
- 2 Leased Units
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,000
- Insurance Expense $2,000
- Trash Expense $100
- Water Sewer Expense $200
- Operating Expense $6,600
- Net Operating Income $83,520
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,953 | $484,464 | $297,710 | $186,754 |
| 2024 | $3,763 | $217,391 | $79,930 | $137,461 |
| 2023 | $3,711 | $213,129 | $78,363 | $134,766 |
| 2022 | $3,582 | $208,951 | $76,827 | $132,124 |
| 2021 | $3,522 | $204,855 | $75,321 | $129,534 |
| 2019 | $3,444 | $198,781 | $73,088 | $125,693 |
| 2018 | $3,238 | $194,884 | $71,655 | $123,229 |
| 2016 | $3,028 | $187,318 | $68,873 | $118,445 |
| 2015 | $2,995 | $184,505 | $67,839 | $116,666 |
| 2014 | $3,039 | $180,892 | $66,511 | $114,381 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/14/2026 04/14/26 | For Sale | $1,628,000 | -- | $391 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | None Listed On Document | |
| Administrators Deed | -- | None Listed On Document | |
| Deed | -- | None Listed On Document | |
| Administrators Deed | -- | None Listed On Document | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC26080663
APN: 5204-017-013
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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