$3,880,000
About this home
Don’t miss this rare opportunity to acquire a stable income-producing property with significant upside. This 24-unit apartment building is located in the prime Lincoln Heights area and consists entirely of one-bedroom, one-bath units in a classic courtyard-style layout. The elevator-served building is easily convertible to senior living use and is situated in a high-demand rental market with a very low vacancy rate. Major capital improvements have already been completed, including a full seismic retrofit and a recently replaced roof. The property offers a low cost per unit and is first time on market in over 20 years. Existing assumable loan with an attractive 3% interest rate. Approximately 40% rent upside while maintaining in-place stable income, this is an exceptional value-add investment opportunity.
Facts & features
- Appliances
- Free Standing Range, Water Heater
- Flooring
- Tile
- Fireplace
- None
- Heating
- Wall Furnace
- Cooling
- Wall Window Units
- Laundry
- Common Area
- Levels
- Three Or More
- Spa
- None
- Lot size
- 0.309 acres (13,455 sq ft)
- Pool
- None
- Year built
- 1970
- Parking
- Carport, One Space, Uncovered
- Parking spaces
- 19
- Area
- 677 - Lincoln Hts
- County
- Los Angeles
- Community features
- Urban
- Status
- Active
- Property type
- Apartment
- Days on market
- 105
- Listed
- 2026-01-24
- Terms
- Exchange 1031
- Parcel #
- 5206009017
- MLS #
- WS26018859
