$1,998,888

Estimated payment $12,346/month

Total Views 1,633
3 Beds
3 Baths
6,619 Sq Ft
$302 Price per Sq Ft

About This Home

Excellent Mixed-Use Investment Opportunity in Lincoln Heights – 2432 Daly St. Los Angeles 90031. Offered at $1,988,888, this well-positioned 12-unit mixed-use property in the vibrant Lincoln Heights neighborhood presents a rare investment opportunity. Featuring a strong 6.35% Cap Rate and $165,700 cost per unit, the property delivers immediate income with significant long-term upside. The unit mix includes:(2) Street-level commercial storefronts,(8) One-bedroom, one-bath residential units and (2) Two-bedroom, one-bath residential units. Spread across 6,619 sq ft of living space on an 8,995 sq ft lot, the property offers a functional layout that simplifies management. All units are individually metered for gas and electricity. Located near Downtown Los Angeles, the Lincoln Heights area continues to benefit from strong rental demand and increasing property values. With an attractive price per unit and clear potential for rent growth and appreciation, this is a compelling addition to any investor's portfolio.

Listing Agent

Gil Legaspi

Legaspi Commercial Brokerage Phone: 562-305-0788 License #01265976 Listed on: 06/26/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,812

Year Built

  • Built in 1929

Lot Details

  • 8,995 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot
  • Density is up to 1 Unit/Acre

Home Design

  • Property Attached
  • Flat Roof Shape

Interior Spaces

  • 6,619 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Legal Lot and Block 14 / 14
  • Tax Tract Number 4
  • Assessor Parcel Number 5204012014
  • $3,614 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 12 Units

Building Details

  • 12 Leased Units
  • Rent Control
  • 12 Separate Electric Meters
  • 12 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $660
  • Insurance Expense $12,000
  • Water Sewer Expense $6,480
  • Operating Expense $19,140
  • Net Operating Income $126,331

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,812

Year Built

Built in 1929

Lot Details

0

Listing Details

  • CapRate: 6.35
  • Price Per Unit: 166574
  • Property Attached: Yes
  • Water Sewer Expenses: 6480.00
  • Zoning: LAC4
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 5204012014
  • Year Built: 1929
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Street
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 301.99

Exterior Features

  • Pool Private: No
  • Roof: Flat

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Lot 6500-9999, Rectangular Lot
  • Lot Size Sq Ft: 8995.00
  • Lot Size Acres: 0.2065

Rental Info

  • Tenant Pays: Trash Collection

Multi Family

  • Electric Expense: 660.00
  • Gross Scheduled Income: 181752.00
  • Insurance Expense: 12000.00
  • Lot Size Area: 8995.0000 Square Feet
  • Net Operating Income: 126331.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 12
  • Number Of Units Total: 12
  • Operating Expense: 51786.00
  • Rent Control: Yes
  • Total Actual Rent: 15146.00
  • Total Expenses: 19140.00
  • Vacancy Allowance: 3635

Tax Info

  • Tax Block: 14
  • Tax Census Tract: 1992.01
  • Tax Lot: 14
  • Tax Tract Number: 4
  • TaxOtherAnnualAssessmentAmount: 3614.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

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 $16,812 $1,112,327 $501,801 $610,526
2024 $16,812 $1,090,517 $491,962 $598,555
2023 $16,437 $1,069,135 $482,316 $586,819
2022 $15,571 $1,048,172 $472,859 $575,313
2021 $15,283 $1,027,621 $463,588 $564,033
2019 $14,815 $997,143 $449,839 $547,304
2018 $14,547 $977,592 $441,019 $536,573
2016 $14,136 $939,633 $423,895 $515,738
2015 $13,911 $925,520 $417,528 $507,992
2014 $13,925 $907,392 $409,350 $498,042
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2025 06/26/25 For Sale $1,998,888 -- $302 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- First Amer Ttl Los Angeles
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- --
Grant Deed $798,000 Southland Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $850,000 Commercial
Previous Owner $463,491 Commercial
Previous Owner $45,000 Commercial
Previous Owner $560,000 Commercial
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW25144003

California Regional Multiple Listing Service (CRMLS)

APN: 5204-012-014