2501 Workman St, Los Angeles, CA 90031

Studio, 10 sqft
Pending
$549,999
Zestimate®: $488,496
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ATTENTION INVESTORS: This MONEY MAKER is PRICED TO SELL! BEST PRICED LARGE 6 unit complex in Los Angeles (Lincoln Heights) This 6 unit complex, has never been on the market before! It features, 2 buildings: FRONT BUILDING features 4 front units (2bed/1bath each , 2 downstairs and 2 upstairs) and 1 additional unit on the back of the front building (1bed/1bath); Additionally, there is a BACK BUILDING "detached single story house" ( 3 bed/1bath) which can be used as a manager's quarters or can be occupied by the owner/operator. Currently all units are occupied by long term tenants and it is extremely easy to maintain(LOW expenses: water and insurance only).. All rents current! Plenty of parking spaces (10), 6 electric meters, 6 gas meters, great sense of community. Property is conveniently located closed to markets, CVS, Rite Aid, Smart and Final, FREEWAYS (5,10,110) Parks, Schools, USC, Broadway and more much, much more.  MoreLess
Facts
  • Multi Family
  • Built in 1950
  • 170 days on Zillow
  • Cooling: Other
  • Price/sqft: $55,000
  • MLS #: CV14067201
Features
  • Flooring: Tile
  • Gated Entry
  • Parking: 10 spaces
Construction
  • Roof type: Other
  • # Stories: 2.0
  • Structure type: Other
  • Unit count: 6
Other
  • Floor size: 10 sqft
  • Zillow Home ID: 2108010832
Home Values
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The Value Range is the high and low estimate market value for which Zillow values a home. The more information, the smaller the range, and the more accurate the Zestimate. See data coverage and accuracy table

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$488,496
+$13,147 Last 30 daysd
$449K
$532K
Zestimate range
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A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
$1,111/mo
-$74 Last 30 daysd
$800
$2.2K
Zestimate range

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Neighborhood for 2501 Workman Street

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Zillow predicts Lincoln Heights home values will rise 7.3% next year, compared to a 6.2% increase for Los Angeles as a whole. Among Lincoln Heights homes, this home is 47.1% more expensive than the midpoint (median) home, and is priced 16668% more per square foot.

Foreclosures will be a factor impacting home values in the next several years. In Lincoln Heights, the number of foreclosures waiting to be sold is 21.6% greater than in Los Angeles, and 90% higher than the national average. This higher local number may prevent Lincoln Heights home values from rising as quickly as other regions in Los Angeles.

Learn more about forecast calculations or Lincoln Heights home values.
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