$1,628,000
About this home
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.
Facts & features
- Heating
- Central
- Cooling
- None
- Laundry
- Common Area, Electric Dryer Hookup, Gas Dryer Hookup, Inside
- Lot size
- 0.229 acres (9,980 sq ft)
- Pool
- None
- Year built
- 1890
- Parking spaces
- 5
- Area
- 677 - Lincoln Hts
- County
- Los Angeles
- Community features
- Urban
- Status
- Active
- Property type
- Apartment
- Days on market
- 14
- Listed
- 2026-04-14
- Terms
- Cash, Cash To New Loan
- Parcel #
- 5204017013
- MLS #
- OC26080663
