2232 2232 Workman, Los Angeles, CA 90031
Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
2232 2232 Workman,Los Angeles, CA 90031
$1,688,000
- - Beds
- - Baths
- 4,161 sq. ft.
- Multi-family
- Active
Listed by:clayton tom
Office:act realty group
MLS#:OC25240373
Source:CRMLS
Price summary
- Price:$1,688,000
- Price per sq. ft.:$405.67
About this home
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.
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Home facts
- Year built:1890
- Listing ID #:OC25240373
- Added:1 day(s) ago
- Updated:October 15, 2025 at 11:28 PM
Rooms and interior
- Living area:4,161 sq. ft.
Heating and cooling
- Heating:Central Furnace
Structure and exterior
- Roof:Composition
- Year built:1890
- Building area:4,161 sq. ft.
- Lot area:0.23 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,688,000
- Price per sq. ft.:$405.67
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