2432 Daly St Los Angeles, CA 90031
Lincoln Heights NeighborhoodEstimated payment $11,916/month
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
Legaspi Commercial Brokerage Phone: 562-305-0788 License #01265976 Listed on: 06/26/2025
Property Details
Home Type
- Multi-Family
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
- Entry on the 1st floor
- 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
Map
Home Values in the Area
Average Home Value in this Area
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 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/26/2025 06/26/25 | For Sale | $1,998,888 | -- | $302 / Sq Ft |
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 |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $850,000 | Commercial | |
| Previous Owner | $560,000 | Commercial |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW25144003
APN: 5204-012-014
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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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