About 2232 Workman
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.
Features of 2232 Workman
| MLS® # | OC26080663 |
|---|---|
| Price | $1,628,000 |
| Bedrooms | 11 |
| Bathrooms | 6.00 |
| Acres | 0.23 |
| Year Built | 1890 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Status | Active |
Community Information
| Address | 2232 Workman |
|---|---|
| Area | 677 - Lincoln Hts |
| City | Los Angeles |
| County | Los Angeles |
| Zip Code | 90031 |
Amenities
| Parking Spaces | 5 |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Heating | Central |
|---|---|
| Cooling | None |
| Has Basement | No |
| Fireplace | No |
| # of Stories | 2 |
Exterior
| Lot Description | ZeroToOneUnitAcre |
|---|---|
| Roof | Composition |
Additional Information
| Date Listed | April 14th, 2026 |
|---|---|
| Days on Market | 150 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Clayton Tom |
|---|---|
| Office | Act Realty Group |