2435 Lancaster Ave - Apartments FOR SALE


Los Angeles, CA 90033- Lincoln Heights
$2,200,000 USD
2435 Lancaster Ave, Los Angeles, CA for Sale
$2,200,000 USD
Apartments - FOR SALE
1/20
null | 7.36% Cap Rate

2435 Lancaster Ave
Los Angeles, CA 90033
Lincoln Heights


HIGHLIGHTS

  • Value-Add Potential: Delivered vacant—ideal for renovations, repositioning, or owner-user occupancy.
  • Prime Location: Located in vibrant Boyle Heights, just east of Downtown LA.
  • Transit Friendly: Walkable to Metro Gold Line and major bus routes for car-free living.
  • Urban Renewal: Surrounded by growing community hubs, eateries, and art spaces.
  • Central Access: Minutes from Downtown LA, USC Medical Center, and the Arts District.
  • Community Appeal: Strong neighborhood identity with lasting tenant demand.

OVERVIEW

2435 Lancaster Ave is a rare value-add fourplex located in the heart of Boyle Heights. Delivered vacant, the property offers immediate upside through renovations, owner-user occupancy, or market-rate leasing in a high-demand rental area. Built in 2016, the two-building, four-unit asset spans 6,920 square feet on an 8,227 SF lot and features separately metered gas and electric. Ideally positioned just east of Downtown LA, the property benefits from walkable access to Metro Gold Line stations, major freeways, and nearby employers such as the USC Medical Center and Arts District. Surrounded by vibrant culture, local amenities, and ongoing neighborhood revitalization, 2435 Lancaster presents a compelling opportunity for investors seeking both stability and growth.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$318 USD /SF

# OF UNITS

4

PRICE/UNIT

$550,000

CAP RATE

7.36%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2016

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

LARD2

APN/PARCEL ID

5202-014-010

ASK ABOUT THIS PROPERTY

Tony AzziMarcus & MillichapMore Info

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Tony AzziMarcus & MillichapMore Info

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