2931 Lincoln Park Ave - Apartments FOR SALE


Los Angeles, CA 90031- Montecito Heights
$1,425,000 USD
818-448-4415
2931 Lincoln Park Ave, Los Angeles, CA for Sale
$1,425,000 USD
Apartments - FOR SALE
1/13
null | 6.09% Cap Rate

2931 Lincoln Park Ave
Los Angeles, CA 90031
Montecito Heights


HIGHLIGHTS

  • Great Lincoln Heights Location - Gateway to Northeast LA
  • Solid Rental Upside (+50%)
  • Large 14,781 SF Corner Lot - Potential to Build Multiple ADUs
  • Select Units are Upgraded Throughout
  • Full On-Site Uncovered Parking
  • On-Site Laundry Facility

OVERVIEW

Marcus and Millichap is pleased to present a nine (9) unit apartment building located at 2931 Lincoln Park Ave in Los Angeles, California. The subject property is located in a great Lincoln Heights location, just north of N Broadway and east of Griffin Ave. Located in Lincoln Heights, this nine-unit multifamily property offers an opportunity in one of Northeast Los Angeles’ accessible neighborhoods. The unit mix consists of four one-bedroom and five two-bedroom units, with select interiors upgraded and approximately 50% rental upside potential. Residents benefit from on-site laundry, full uncovered parking, and separately metered gas and electricity. Situated on a large 14,781-square-foot corner lot, the property may offer potential for multiple ADUs. The location provides immediate access to the 5, 10, and 110 freeways, the Metro A Line, and major commercial corridors including North Broadway, Mission Road, Griffin Avenue, and Huntington Drive. Nearby destinations include Paradise Hill Park, USC Health Sciences Campus, and neighborhood retailers and restaurants. Overall, the property presents a compelling value-add opportunity with substantial rental upside, development potential, and convenient access throughout Los Angeles. For OM, please visit: https://www.lamultifamilydeals.com/active-listings/2931-lincoln-park-ave

FOR SALE DETAILS

PRICE

$1,425,000 USD

PRICE/SF

$138 USD /SF

# OF UNITS

9

PRICE/UNIT

$158,333

CAP RATE

6.09%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,781 SF

ZONING

LAR1

APN/PARCEL ID

5208-021-001

ASK ABOUT THIS PROPERTY

Jason TuviaMarcus & MillichapMore Info
818-448-4415

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Jason TuviaMarcus & MillichapMore Info
818-448-4415

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