2526 Lincoln Park Ave Los Angeles, CA 90031
Lincoln Heights NeighborhoodEstimated payment $6,023/month
Total Views
593,961
5
Beds
3
Baths
2,820
Sq Ft
$329
Price per Sq Ft
Highlights
- 0.31 Acre Lot
- Laundry Room
- 1-Story Property
- Abraham Lincoln High School Rated A
About This Home
Fantastic Triplex Investment Opportunity in rapidly developing Lincoln Heights! 3 structures on site containing a total of 5 bedrooms and 3 baths. Great views of surrounding area and Downtown LA skyline. Lots of outdoor space, fruit trees and 2 garage spaces. Property fully occupied by tenants and generating good cash flow. Buyer to verify square footage. Listing agent related to Owner.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,177
Year Built
- Built in 1902
Lot Details
- 0.31 Acre Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Parking
- 2 Car Garage
Home Design
- Triplex
Interior Spaces
- 2,820 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Listing and Financial Details
- Legal Lot and Block 1 / B
- Tax Tract Number 5208
- Assessor Parcel Number 5208025001
- $633 per year additional tax assessments
Community Details
Overview
- 3 Buildings
- 3 Units
Building Details
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 3 Separate Water Meters
- Insurance Expense $1,200
- Other Expense $6,000
- Operating Expense $7,200
- Gross Income $25,200
- Net Operating Income $18,000
Map
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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 |
|---|---|---|---|---|
| 2024 | $10,177 | $795,600 | $555,900 | $239,700 |
| 2023 | $11,871 | $937,032 | $702,775 | $234,257 |
| 2022 | $11,333 | $918,660 | $688,996 | $229,664 |
| 2021 | $11,192 | $900,648 | $675,487 | $225,161 |
| 2020 | $11,302 | $891,414 | $668,561 | $222,853 |
| 2019 | $10,866 | $873,936 | $655,452 | $218,484 |
| 2018 | $10,737 | $856,800 | $642,600 | $214,200 |
| 2016 | $2,458 | $168,512 | $111,998 | $56,514 |
| 2015 | $2,428 | $165,982 | $110,316 | $55,666 |
| 2014 | $2,459 | $162,732 | $108,156 | $54,576 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/28/2025 01/28/25 | For Sale | $929,000 | -- | $329 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Trustee Deed | $700,000 | Lawyers Title Company | |
| Grant Deed | $840,000 | Pacific Coast Title Company |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $7,000,000 | Construction | |
| Previous Owner | $7,000,000 | Construction | |
| Previous Owner | $7,000,000 | Construction | |
| Previous Owner | $265,000 | Commercial | |
| Previous Owner | $231,000 | Stand Alone Second | |
| Previous Owner | $570,000 | New Conventional |
Source: Public Records
About the Listing Agent
As the firm's President, Rommy has been involved with the Downtown real estate market for the past 11 years and is highly knowledgeable about local housing trends and area demographics. Rommy served as Chief Management Officer of SB Properties from 2007-2009, where he built an extensive network of brokers, loan officers and landlords enabling him to provide our clients with the best brokerage services available in the city.
Since founding Royalty in October 2009, Rommy has sold over $200
Rommy's Other Listings
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR25004705
APN: 5208-025-001
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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