$1,628,000
2232 Workman, Los Angeles CA 90031
Multi-Family (31271 Units)
Property type
52 days
On market
$391
Price per sqft
0 cars
Garage
1890
Year built
9,980 sqft
Lot size
Home highlights
Open Houses
Overview
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...
Listing provided by: Clayton Tom DRE #01707471 323-481-0691, Act Realty Group
Listing updated: Apr 28, 2026 at 07:28pm.
Last checked: Jun 4, 2026 at 05:31pm
Source: CRMLS #OC26080663
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 2,232 | 2 | 1 | — | $0 | $0 | $2,300 | Unfurnished |
| 2,232 | 2 | 1 | — | $1,545 | $18,540 | $2,300 | Unfurnished |
| 2,232 | 3 | 2 | — | $0 | $0 | $3,400 | Unfurnished |
| 2,232 | 2 | 1 | — | $0 | $0 | $1,800 | Unfurnished |
| 22,343 | 2 | 1 | — | $600 | $7,200 | $1,800 | Unfurnished |
# of Buildings: 2
# of Units Total: 31,271
Separate Electric Meters: 5
Separate Gas Meters: 5
Separate Water Meters: 1
Rent Control: No
Units Leased: 2
Financial Snapshot
Gross Rent Multiplier
11.7x
List Price / Annual Gross Rent
Cap Rate
5.13%
NOI / List Price
Gross Scheduled Income: $139,200
Vacancy Allowance Rate: 5%
Operating Expense: $55,680
Net Operating Income: $83,520
Annual Operating Expenses
Electric: $1,000
Fuel: $0
Insurance: $2,000
Professional Management: $0
Trash: $100
Water / Sewer: $200
Interior
Cooling: None
Heating: Central
Laundry: Common Area, Electric Dryer Hookup, Gas Dryer Hookup, Inside
Entry Location: 0
Exterior
Property Attached: Yes
Stories Total: 2
Roof: Composition
Common Walls: Two Common Walls Or More
Security Features: Carbon Monoxide Detectors, Smoke Detectors
Lot Features: Zero To One Unit Acre
Pool: None
Fencing: Average Condition
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 0
Uncovered Spaces: 5
Parking Total: 5
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 5204017013
Additional Parcels: No
Tax Lot: 10
Community
Senior Community: No
Community Features: Urban
Nearby Schools
Nearby schools around the 2232 Workman, Los Angeles, CA 90031. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,302,400
Total Interest
$1,661,139
Total Payment
$2,963,539
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$10,078
per month
Property History for 2232 Workman
Los Angeles Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90031.
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