2232 Workman, Los Angeles, CA 90031

• 9 beds |
• 5 baths

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.

Listing Status:

Active

Date Added:

October 6, 2025

Data Last Updated:

March 11, 2026 at 1:11AM

Listing Office:

Act Realty Group :

Listing Agent:

Clayton Tom : 323-481-0691

MLS ID:

OC25240373

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