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1819 Workman Street

Lincoln Heights, CA 90031
  • $1,599,988
  • STATUS: ACTIVE
  • ON SITE: 28 Days
  • ID#: CV22084572
UPDATED: 30 min ago
$1,599,988
  • 8
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Great investment opportunity! Property with a lot of potential! rental income will pay itself off. First time on market since 40 years ago. This income property is located at less than a mile from LAC+ USC Medical Center and only 10 minutes from Los Angeles Downtown and Chinatown. This property is located in a neighborhood that has gone through gentrification; completely surrounded by newly constructed houses and income units. Great family neighborhood near schools, churches, and freeway access with high demand from renters. Near Bus stops. NO VACANCY for the last 20 years. Very stable tenants. This income property consist of 6 units, of which two units are facing the street and one of them has three bedrooms and one bath. perfect for a big family. There is a small house in the immediate back that is rented as a a one bedroom/ one bath apartment with an adjacent storage shed. Also includes 3 back units with 3 one car garages in the very rear. This property has a new roof, new plumbing, and the front two unites have been completely remodeled 4 years ago. SELLER HAS OPEN ESCROW ALREADY IN ANOTHER PROPERTY. Great investment opportunity! Property with a lot of potential! rental income will pay itself off. First time on market since 40 years ago. This income property is located at less than a mile from LAC+ USC Medical Center and only 10 minutes from Los Angeles Downtown and Chinatown. This property is located in a neighborhood that has gone through gentrification; completely surrounded by newly constructed houses and income units. Great family neighborhood near schools, churches, and freeway access with high demand from renters. Near Bus stops. NO VACANCY for the last 20 years. Very stable tenants. This income property consist of 6 units, of which two units are facing the street and one of them has three bedrooms and one bath. perfect for a big family. There is a small house in the immediate back that is rented as a a one bedroom/ one bath apartment with an adjacent storage shed. Also includes 3 back units with 3 one car garages in the very rear. This property has a new roof, new plumbing, and the front two unites have been completely remodeled 4 years ago. SELLER HAS OPEN ESCROW ALREADY IN ANOTHER PROPERTY.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego MLS, Inc. Licensed in the state of California.
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1819 Workman Street Lincoln Heights, CA 90031

  • Price: $1,599,988
  • Status: ACTIVE
  • On Site: 28 Days
  • Updated: 30 min ago
  • ID#: CV22084572
8
Beds
0
Baths
0
½ Baths
0.17
Acres
Neighborhood:
Los Angeles (90031)
County:
Los Angeles
Area:
Los Angeles (90031)
Property Description
Great investment opportunity! Property with a lot of potential! rental income will pay itself off. First time on market since 40 years ago. This income property is located at less than a mile from LAC+ USC Medical Center and only 10 minutes from Los Angeles Downtown and Chinatown. This property is located in a neighborhood that has gone through gentrification; completely surrounded by newly constructed houses and income units. Great family neighborhood near schools, churches, and freeway access with high demand from renters. Near Bus stops. NO VACANCY for the last 20 years. Very stable tenants. This income property consist of 6 units, of which two units are facing the street and one of them has three bedrooms and one bath. perfect for a big family. There is a small house in the immediate back that is rented as a a one bedroom/ one bath apartment with an adjacent storage shed. Also includes 3 back units with 3 one car garages in the very rear. This property has a new roof, new plumbing, and the front two unites have been completely remodeled 4 years ago. SELLER HAS OPEN ESCROW ALREADY IN ANOTHER PROPERTY. Great investment opportunity! Property with a lot of potential! rental income will pay itself off. First time on market since 40 years ago. This income property is located at less than a mile from LAC+ USC Medical Center and only 10 minutes from Los Angeles Downtown and Chinatown. This property is located in a neighborhood that has gone through gentrification; completely surrounded by newly constructed houses and income units. Great family neighborhood near schools, churches, and freeway access with high demand from renters. Near Bus stops. NO VACANCY for the last 20 years. Very stable tenants. This income property consist of 6 units, of which two units are facing the street and one of them has three bedrooms and one bath. perfect for a big family. There is a small house in the immediate back that is rented as a a one bedroom/ one bath apartment with an adjacent storage shed. Also includes 3 back units with 3 one car garages in the very rear. This property has a new roof, new plumbing, and the front two unites have been completely remodeled 4 years ago. SELLER HAS OPEN ESCROW ALREADY IN ANOTHER PROPERTY.
Exterior Features

Parking Garage Desc Unit1 Assigned Pool N/K Roof Composition Site Curbs Spa N/K

Interior Features

Cooling N/K Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1 Water Heater Type Gas

Property Features

Annual Expense Actual 12430 Buildings 3 Cfd Mello Roos Fee 553.0 Cfd Mello Roos Fee Reflects Year Gross Scheduled Income Actual 83918 Terms Exchange Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 1038.0 Unit2 Rent Actual 1700.0 Unit3 Rent Actual 1028.0 Unit4 Rent Actual 828.0 Zoning Assessor

San Diego MLS logo Listing provided courtesy of Re/Max Champions. Listing information © 2022 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego MLS, Inc. Licensed in the state of California.
 
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Yarbrough Group
2445 Truxtun Rd., Ste 108
San Diego CA, 92106