2432 Workman St - Apartments FOR SALE


Los Angeles, CA 90031- Montecito Heights
$1,060,000 USD
626-625-5034
2432 Workman St, Los Angeles, CA for Sale
$1,060,000 USD
Apartments - FOR SALE
1/33
null | Request Cap Rate

2432 Workman St
Los Angeles, CA 90031
Montecito Heights


OVERVIEW

A Nice 4-units with a large lot Near 10,000 Sf. It's located at downtown Lincoln Height area, near Chinatown, close shopping, banks, Bus stop, CVS, Library at the Same Street, walk distance to all conveniences. Seller spent $30000 to remodeling the unit 2432 1/2, including new interior paint, new water heater, all new dual windows, new laminated flooring, kitchen with new countertop, new cabinets, tile floor, the full bathroom with new tub, new toilet and new cabinet. This unit has a high ceiling, bright and airy, good for family living. There are 3 buildings plus approx. 600 large storage structures in the rear(permit unknown). The total building size is 3470 Sf. The site address is 2432, 2432 1/2, 2434 and 2436 Workman. The front building has 2184 Sf. has 2 units - one unit is 2 bedrooms plus den(current use as a 3rd bedroom), 2 baths; other unit is 1 bedroom, 1 bath; the 2nd building built in 1904, 544 Sf. 1 bedroom, one bath; the rear unit built in 1914, 742 Sf., 2 bedrooms, 1 bath, with fenced large well kept back yard. There are 4 electric meters, 4 gas, and 4 waste / trash services accounts. Tenants pay their own utilities including trash except water. Seller Note, the property is located at the rent control area. The current rent is a lot below the market, it hasn't been increased for many years, and has potential to increase. Ideal for the owner occupant or investment. Buyer is advised to independently verify the accuracy of all information. Please make the offer subject to interior inspection. Please don't walk on the property, do not disturb tenants. Thank you for your cooperation.

FOR SALE DETAILS

PRICE

$1,060,000 USD

PRICE/SF

$305 USD /SF

# OF UNITS

4

PRICE/UNIT

$265,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4 Units For Sale with Large Lot 9898 Sf.

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1890

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

9,897 SF

ZONING

-

APN/PARCEL ID

5204-015-016

ASK ABOUT THIS PROPERTY

Kinny LinTreelane Realty GroupMore Info
626-625-5034

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Kinny LinTreelane Realty GroupMore Info
626-625-5034

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.