2232 2232 Workman, Los Angeles, CA 90031

• 4,161 sqft

Property Description

Rare five-unit investment in Lincoln Heights! 2232–2234 Workman Street features a desirable two-building configuration on a deep rectangular 9,980 sq ft lot (LARD1.5 zoning). The property consists of five total units — one (1) 3-bedroom, 2-bath, and four (4) 2-bedroom, 1-bath units — totaling approximately 4,160 sq ft. Built in 1921, the buildings combine classic architecture with solid rental fundamentals. The rear two-story structure (2234) 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 (2232 & 2232 1/2) features two 2-bedroom, 1-bath units, each with separate entries. Based on pro-forma numbers, the property can yield a 5% cap rate at market rents. This allows for immediate upside as units transition to market rents. The large, deep lot with LARD1.5 zoning may offer future ADU or redevelopment potential (buyer to verify with the City). Excellent location: minutes from Downtown LA, Chinatown, the Arts District, and USC Health Sciences Campus, with convenient freeway access. This is a value-add opportunity in a rapidly appreciating neighborhood with strong rental demand and long-term growth potential.

Listing Status:

Active

Date Added:

October 15, 2025 at 05:00AM

Listing Office:

Act Realty Group : 323-481-0691

Listing Agent:

Clayton Tom : 323-481-0691

MLS ID:

OC25240373

Interior

• Laundry: Common AreaElectric Dryer HookupGas Dryer HookupInside
• A/C: None
• Heating: Central

Exterior

• Pool: None
• Parking: Parking spaces: 5

Construction

• Roofing: Composition
• General: 2

Location

• Originating MLS: CRMLS_CRM
• County: Los Angeles

Lot

• Zoning: 5204017013
• Fencing: Average Condition

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: CRMLS_CRM

This listing courtesy of Clayton Tom, Act Realty Group