2232-2232 Workman, Los Angeles, CA 90031

• 9 beds |
• 5 baths

Property Description

Rare value-add opportunity in Lincoln Heights featuring a 5-unit property with significant vacancy, allowing a new owner to establish market rents from day one and implement a tailored lease-up strategy. Current income reflects existing vacancy, offering a clear path to repositioning and increased returns over time. Property consists of a desirable unit mix including multiple 2-bedroom units and one 3-bedroom unit, appealing to a broad tenant base. Vacancy provides operational flexibility, with no widespread tenant displacement required; one unit may require relocation depending on the buyers plan. All units are separately metered for gas and electricity, with a single water meter for the property, supporting efficient management and expense control. Market rent potential supports meaningful upside upon stabilization, making this an ideal opportunity for investors seeking a value-add, lease-up play with long-term income growth.

Listing Status:

Active

Date Added:

April 14, 2026

Data Last Updated:

May 20, 2026 at 12:12PM

Listing Office:

Act Realty Group :

Listing Agent:

Clayton Tom : 323-481-0691

MLS ID:

OC26080663

Interior

• A/C: N/K

Exterior

• Pool: N/K

Construction

• Roofing: Composition

Location

• Originating MLS: California Regional MLS
• County: Los Angeles

Lot

• Zoning: Public Rec5204017013

Financial

• Source: California Regional MLS