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Nicole Hazelton-Meacham

[email protected] +1(619) 206-1892

$1,628,000

Est. payment - /mo

9 Beds

5 Baths

9,980 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC26080663

Bedrooms 9

Lot Size 9,980 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

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.

Location

State CA

County Los Angeles

Zoning Public Rec

Direction 5 fwy, exit main st, left turn on Daly, r/t @ Vallejo and l/t at Workman st.

Interior

Fireplace No

Exterior

View Y/N No

Roof Type Composition

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 5204017013

Acceptable Financing Cash

Listing Terms Cash

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Listed by Clayton Tom, DRE#01707471 Act Realty Group

Nearby School & Business

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Nicole Hazelton-Meacham

+1(619) 206-1892

Broker Associate | License ID: 01819363

Broker Associate License ID: 01819363

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2232-2232 Workman Los Angeles, CA 90031

Nicole Hazelton-Meacham

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

Get More Information