Welcome to your next lucrative investment in Los Angeles! This exceptional seven-unit multi-family property is now available and ready to generate steady rental income. Located in the vibrant community of Lincoln Heights, this property offers a fantastic opportunity.This seven unit represents an excellent investment opportunity in a thriving rental market. Perfect for investors or a family that wants to produce income and live on the property. First time on the market since 1969. Family owned and operated for 54 years. One unit has 3 bedrooms and 2 baths, two units have 2 bedrooms and 1.5 baths, the other four units are spacious 1 bedroom, 1 bath each (one unit has an additional bonus room used as a 2nd bedroom). Wonderful lot size to host with a private back yard and plenty of parking. two garages, one is 2 car garage and the other is a one car garage. Convenient location with easy access to Downtown L.A., Walt Disney Concert Hall, Chinatown, Crypto.com Arena, Dodger Stadium, CAL State LA, Metro link, freeways (5,60,110,10,101), DMV, private and public schools, Los Angeles Medical Center, Keck School of Medicine of USC, Nightlife, Public transportation. Many Landmarks near, Lincoln Park Historic district, Los Angeles State Historic Park that host many events, Elysian Park, San Antonio Winery, The Brewery Art Colony, Heritage Square Museum. Walking distance to shopping stores, library and restaurants, perfect for outdoor dining.
Off market
$287,344
2429 Workman St, Los Angeles, CA 90031
--beds
--baths
6,376sqft
Mixed Use
Built in 1914
-- sqft lot
$-- Zestimate®
$45/sqft
$5,925 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: May 30, 2025 at 05:34am
Source: CRMLS,MLS#: DW23173990
Originating MLS: California Regional MLS
Facts & features
Interior
Cooling
- Central Air
Appliances
- Laundry: In Garage
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 6,376
- Total interior livable area: 6,376 sqft
Property
Parking
- Total spaces: 10
- Parking features: Direct Access, Driveway, Garage, Garage Door Opener, Public, Private, RV Access/Parking, One Space
- Garage spaces: 2
- Uncovered spaces: 8
Features
- Levels: Two,Multi/Split
- Stories: 2
- Entry location: 1
- Pool features: None
Lot
- Size: 9,899 sqft
- Features: 0-1 Unit/Acre
Details
- Parcel number: 5204012011
- Zoning: LAC4
- Special conditions: Trust
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Mixed Use
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1914
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Fishing, Park
Location
- Region: Los Angeles
Other
Other facts
- Listing terms: Cash,Cash to Existing Loan,Cash to New Loan,Conventional,1031 Exchange