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 buyer’s 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.
For sale
Listed by: Act Realty Group • Clayton Tom • Contact: 323-481-0691
$1,628,000
2232 Workman St, Los Angeles, CA 90031
64774beds
33503baths
4,161sqft
:
Get pre-qualified$10,921/mo
Multi Family
Built in 1890
-- sqft lot
$-- Zestimate®
$391/sqft
$-- HOA
What's special
- 288 days |
- 174 |
- 9 |
Zillow last checked:
Listing updated:
Listed by:
Clayton Tom DRE #01707471 323-481-0691,
Act Realty Group
Source: CRMLS,MLS#: OC26080663
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 64774
- Bathrooms: 33503
Heating
- Central
Cooling
- None
Appliances
- Laundry: Common Area, Electric Dryer Hookup, Gas Dryer Hookup, Inside
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 4,161
- Total interior livable area: 4,161 sqft
Property
Parking
- Total spaces: 5
- Uncovered spaces: 5
Features
- Entry location: 0
- Pool features: None
- Fencing: Average Condition
Lot
- Size: 9,980 Square Feet
- Features: 0-1 Unit/Acre
Details
- Parcel number: 5204017013
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Roof: Composition
Condition
- New construction: No
- Year built: 1890
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Urban
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $391/sqft
- Tax assessed value: $484,464
- Annual tax amount: $6,953
- Date on market: 4/14/2026
- Cumulative days on market: 289 days
- Listing terms: Cash,Cash to New Loan
Estimated market value
Not available
Estimated sales range
Not available
$3,637/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/15/2026 | Listed for sale | $1,628,000$391/sqft |
Source:  CRMLS #OC26080663 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,953 +84.8% | $484,464 +122.9% |
| 2024 | $3,763 +1.4% | $217,391 +2% |
| 2023 | $3,711 +3.6% | $213,129 +2% |
| 2022 | $3,582 +1.7% | $208,951 +2% |
| 2021 | $3,522 -0.6% | $204,855 +1% |
| 2020 | $3,542 | $202,755 +2% |
| 2019 | $3,542 +9.4% | $198,781 +2% |
| 2018 | $3,238 | $194,884 +2% |
| 2017 | $3,238 +3.2% | $191,063 +2% |
| 2016 | $3,137 +3.6% | $187,318 +1.5% |
| 2015 | $3,028 -0.4% | $184,505 +2% |
| 2014 | $3,039 | $180,892 +2.5% |
| 2012 | -- | $176,546 +2.5% |
| 2009 | -- | $172,204 +2% |
| 2008 | -- | $168,828 +2% |
| 2007 | -- | $165,518 +2% |
| 2006 | -- | $162,273 |
| 2005 | -- | $162,273 +4% |
| 2004 | -- | $155,974 +1.9% |
| 2003 | -- | $153,116 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Lincoln Heights
Nearby schools
GreatSchools rating
- 7/10Hillside Elementary SchoolGrades: K-5Distance: 0.3 mi
- 6/10Florence Nightingale Middle SchoolGrades: 6-8Distance: 0.6 mi
- 6/10Abraham Lincoln Senior High SchoolGrades: 9-12Distance: 0.6 mi
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