2931 Lincoln Park Avenue, Los Angeles, CA 90031

$1,425,000
14
BD
9
BA
6,522
SqFt

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List Price
$1,425,000
Status
ACTIVE
MLS#
26874075
Year Built
1960
Bedrooms
14
Bathrooms
9
Living Sq. Ft
6,522
Lot Size
14,781
Acres
0.34
Days on Market
24
Property Type
Multifamily
Stories
Two Levels

Property Description

***DO NOT WALK ON THE PROPERTY OR DISTURB TENANTS*** We are pleased to present a nine (9) unit apartment building located at 2931 Lincoln Park Ave in Los Angeles, California. The subject property is located in a great Lincoln Heights location, just north of N Broadway and east of Griffin Ave. Located in Lincoln Heights, this nine-unit multifamily property offers an opportunity in one of Northeast Los Angeles' accessible neighborhoods. The unit mix consists of four one-bedroom and five two-bedroom units, with select interiors upgraded and approximately 50% rental upside potential. Residents benefit from on-site laundry, full uncovered parking, and separately metered gas and electricity. Situated on a large 14,781-square-foot corner lot, the property may offer potential for multiple ADUs. The location provides immediate access to the 5, 10, and 110 freeways, the Metro A Line, and major commercial corridors including North Broadway, Mission Road, Griffin Avenue, and Huntington Drive. Nearby destinations include Paradise Hill Park, USC Health Sciences Campus, and neighborhood retailers and restaurants. Overall, the property presents a compelling value-add opportunity with substantial rental upside, development potential, and convenient access throughout Los Angeles.

Additional Information

Attached Structure
Detached
Number Of Units Total
9

Listing courtesy of Listing Agent: Kian Maronde (Kmaronde@marcusmillichap.com) from Listing Office: Marcus & Millichap.

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.