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Listed by Act Realty Group, Clayton Tom, Listing Contact: 323-481-0691 
9 Beds
5 Baths

$1,628,000

2232-2232 Workman, Los Angeles CA, 90031

Property typeMulti-family

Overview

Active

Listed Apr 14, 2026

Updated Aug 19

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 buyers 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.

$10,831/mo

Est. mortgage payment based on a $1,628,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
OC26080663

Interior Features

Bedrooms
9
Bathrooms
5
Cooling
Yes
Basement
No

Exterior Features

Lot Size
0.23 Acres

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Data last updated 8:20 AM UTC, 8/19/2026

   

 

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