Now offered at $1,649,000! this multifamily property presents an opportunity to acquire six income-producing units in historic Lincoln Heights, just minutes from Downtown Los Angeles. Situated on an approximately 9,919-square-foot lot, this multi-family property offers approximately 4,548 square feet of building area, featuring a three-bedroom main residence and five additional one-bedroom, one-bathroom units. With existing rental income, two units anticipated to be delivered vacant, and potential for future rental growth or development (buyer to verify with the city), this property offers flexibility and long-term investment potential. Conveniently located near major freeways, dining, and neighborhood amenities, it's an ideal opportunity for investors looking to expand their portfolio in a desirable Los Angeles location. Six Units, a generous lot size, and an improved price!
| MLS # | OC26053622 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1963 |
| Days On Site | 79 |
| Listing Provided By | William Bingley, Broker | William Bingley |
| SQ Feet | 4,548 |
|---|---|
| Story(s) | 1 |
| Units | 6 |
| Building(s) | 2 |
| Acreage | 0.23 |
| Cooling | None |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
| Interior Features | Tile Counters, Track Lighting |
| Fireplace Yes / No | No |
| Lot Features | Zero To One Unit Acre |
|---|
| Parking Features | Assigned, Concrete, Driveway, Paved |
|---|---|
| Garage Yes / No | No |
| Utilities | Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected |
|---|---|
| Sewer | Public Sewer |
| Community Features | Gutters, Street Lights, Sidewalks |
|---|
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90031 |
| Area | 677 Lincoln Hts |
| Listing VS Median (in 90031) | |
Price: $1,649,000 low | high Med: $793,000 sqft: 4,548 low | high Med: 1,630 $ / sqft: $363 low | high Med: $495 On site: 79 low | high Med: 154 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90031 |
| Area | 677 Lincoln Hts |
| Listing VS Median (in 90031) | |
Price: $1,649,000 low | high Med: $793,000 sqft: 4,548 low | high Med: 1,630 $ / sqft: $363 low | high Med: $495 On site: 79 low | high Med: 154 | |
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