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$ 1,425,000
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2931 Lincoln Park Avenue Los Angeles, CA 90031
6,522 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,522 sqft
Price per Sqft $218
MLS Listing ID CL26874075
HOA Y/N No
Year Built 1960
Lot Size 0.339 Acres
Acres 0.3393
Property Sub-Type Other
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.
Location
State CA
County Los Angeles
Zoning LAR1
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 5208021001
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Listed by Kian Maronde • Marcus & Millichap
NEARBY SCHOOL & BUSINESS