2232-2232 Workman, Los Angeles, CA 90031
2232-2232 Workman, Los Angeles, CA 90031
2232-2232 Workman, Los Angeles, CA 90031
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Mike Jones

Mike Jones

+1(480) 326-9233
$1,628,000
Est. payment /mo
9 Beds
5 Baths
9,980 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC26080663

Bedrooms 9

Lot Size 9,980 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

22322234 Workman Street offers a well-located five-unit property on a deep 9,980 sq ft rectangular lot with LARD1.5 zoning. The asset consists of two separate buildings totaling approximately 4,160 sq ft and features an excellent unit mix: one (1) 3-bedroom, 2-bath unit and four (4) 2-bedroom, 1-bath units. Built in 1921, the property blends classic character with solid rental fundamentals. The rear two-story building includes a spacious 3-bedroom, 2-bath unit on the ground floor and two 2-bedroom, 1-bath units above. The front building, facing Workman Street, offers two 2-bedroom, 1-bath units with private entrances. Projected at approximately a 5% cap rate at market rents, this property presents clear value-add potential as units transition. The large lot may offer future ADU or redevelopment opportunities (buyer to verify). Excellent location just minutes from Downtown LA, Chinatown, the Arts District, and USC Health Sciences Campus, with convenient freeway access. Strong rental demand and long-term growth potential make this a compelling investment opportunity.

Location

State CA

County Los Angeles

Zoning Public Rec

Direction 5 fwy, exit main st, left turn on Daly, r/t @ Vallejo and l/t at Workman st.

Interior

Fireplace No

Exterior

View Y/N No

Roof Type Composition

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 5204017013

Acceptable Financing Cash

Listing Terms Cash

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MLS Router / San Diego MLS
Listed by Clayton Tom, DRE#01707471 Act Realty Group 

Nearby School & Business

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Mike Jones

Mike Jones

+1(480) 326-9233

Agent | CA BRE #01094232

Agent CA BRE #01094232

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