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FOR SALE
$1,680,000

2931 Lincoln Park Avenue
Los Angeles, CA 90031

Other
Residential Income
14
Beds
9
Baths
6,522
Sq. Ft.
0.3393
Acre Lot
Listing Agent: Andres Diaz CalDRE: 01956479 - Keller Williams Downtown LA
Showcase> California> Los Angeles> 90031
2931 Lincoln Park Avenue presents a unique opportunity to tap into the historic Los Angeles neighborhood of Lincoln Heights at a relatively low-cost basis with significant rental upside. The 9-unit apartment building sits in a quiet valley region of Lincoln Heights within a short distance of main thoroughfare Broadway and its growing range of dining and entertainment options. Tenants will appreciate the property's close and convenient proximity to the 110 and 5 freeways, facilitating easy commutes to job centers Pasadena and Downtown Los Angeles, as well as to surrounding Los Angeles neighborhoods of interest including East Hollywood, Los Feliz, Atwater Village, Highland Park, and Montecito Heights. The apartment features four (4) one-bedroom units and five (5) two-bedroom units across 6,522 rentable square feet. Due to the property's over-sized 14,781 square foot lot and its topography, a prospective buyer may have the ability to construct multiple accessory dwelling units onto the parcel. In addition, with rents at approximately 80% below the market rate, this opportunity provides a promising value-add play within a sought-after location with a short supply of multi-family properties. 2931 Lincoln Park Avenue is being marketed for sale for the first time in nearly twenty-four (24) years. The asset is an attractive choice for investors looking to capitalize on both immediate and long-term growth potential in the market.
24367863
Residential Income - Other, 2 Story
14
9
1960
Los Angeles
0.3393 Acres
2
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

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Listing Agent: Andres Diaz CalDRE: 01956479 - Keller Williams Downtown LA
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