$785,000
2229 Hancock Street, Los Angeles CA 90031
Multi-Family (Fourplex)
Property type
9 days
On market
$328
Price per sqft
0 cars
Garage
1920
Year built
9,899 sqft
Lot size
Home highlights
Open Houses
Overview
Lincoln Heights fourplex , rare opportunity featuring 4 detached standalone bungalow-style homes on an expansive 9,899 sq ft LARD3-zoned lot in rapidly evolving Northeast Los Angeles. Unlike traditional apartment-style properties, each unit enjoys its own separate structure, creating a more private residential feel perfect for future Owner-Users and tenants alike . The...
Listing provided by: JOSEPHINE SAN LUCAS DRE #01308257 562-843-8748, KELLER WILLIAMS LARCHMONT
Listing updated: Jun 1, 2026 at 06:23pm.
Last checked: Jun 5, 2026 at 09:30am
Source: CRMLS #MB26111570
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 1 | 1 | — | $782 | $782 | $1,800 | Unfurnished |
| 1 | 1 | 1 | — | $604 | $604 | $1,800 | Unfurnished |
| 1 | 2 | 1 | — | $604 | $604 | $1,800 | Unfurnished |
| 1 | 1 | 1 | — | $1,580 | $1,580 | $2,000 | Unfurnished |
# of Buildings: 4
# of Units Total: 4
Separate Electric Meters: 4
Separate Gas Meters: 4
Separate Water Meters: 1
Ranges: 4
Rent Control: Yes
Units Leased: 4
Total Actual Rent: $3,570
Tenant Pays: Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
18.3x
List Price / Annual Gross Rent
Cap Rate
3.7%
NOI / List Price
Gross Scheduled Income: $42,840
Vacancy Allowance: $0
Operating Expense: $13,812
Net Operating Income: $29,020
Annual Operating Expenses
Insurance: $4,000
New Taxes: $9,812
Trash: $1,800
Water / Sewer: $1,800
Interior
Interior Features: All Bedrooms Down
Room Type: Bedroom
Flooring: Laminate, Vinyl
Cooling: Wall Window Units
Heating: Wall Furnace
Appliances: Gas Cooktop, Gas Range
Fireplace: None
Laundry: None
Accessibility: Parking
Entry Location: 1
Exterior
Architectural Style: Bungalow, Contemporary
Property Attached: No
Stories Total: 1
Levels: One
Roof: Composition
Window Features: Screens
Common Walls: No Common Walls
Lot Features: Front Yard, Near Park, Near Public Transit, Walkstreet
Pool: None
Spa: None
Water Source: Public
Sewer: Public Sewer
View: Landmark, Neighborhood
Garage and Parking
Parking: Assigned, Driveway
Garage Spaces: 0
Parking Total: 0
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 5210020012
Tax Lot: 9
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Biking, Street Lights, Sidewalks, Urban, Park
Nearby Schools
Nearby schools around the 2229 Hancock Street, Los Angeles, CA 90031. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$628,000
Total Interest
$800,979
Total Payment
$1,428,979
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$4,937
per month
Property History for 2229 Hancock Street
Los Angeles Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90031.
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