2232 Workman 2232, Los Angeles, CA 90031

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 buyer’s 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.

Conveniently located in Lincoln Heights with close proximity to DTLA, major freeways, and ongoing neighborhood growth and revitalization.

Buyer to verify all information including rent projections, expenses, tenancy, and any relocation requirements.