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2232-2234 Workman Street offers a well-located five-unit property on a deep 9,980 sq ft rectangular lot with LARD1.5 zoning. The asset consists of two separate buildings totaling approximately 4,160 sq ft and features an excellent unit mix: one (1) 3-bedroom, 2-bath unit and four (4) 2-bedroom, 1-bath units. Built in 1921, the property blends classic character with solid rental fundamentals. The rear two-story building includes a spacious 3-bedroom, 2-bath unit on the ground floor and two 2-bedroom, 1-bath units above. The front building, facing Workman Street, offers two 2-bedroom, 1-bath units with private entrances. Projected at approximately a 5% cap rate at market rents, this property presents clear value-add potential as units transition. The large lot may offer future ADU or redevelopment opportunities (buyer to verify). Excellent location just minutes from Downtown LA, Chinatown, the Arts District, and USC Health Sciences Campus, with convenient freeway access. Strong rental demand and long-term growth potential make this a compelling investment opportunity.
| DAYS ON MARKET | 164 | LAST UPDATED | 2/24/2026 |
|---|---|---|---|
| YEAR BUILT | 1890 | COMMUNITY | 677 - Lincoln Hts |
| COUNTY | Los Angeles | STATUS | Active |
| PROPERTY TYPE(S) | Residential Income |
| PRICE HISTORY | |
| Prior to Jan 8, '26 | $1,688,000 |
|---|---|
| Jan 8, '26 - Jan 22, '26 | $1,668,000 |
| Jan 22, '26 - Feb 24, '26 | $1,648,000 |
| Feb 24, '26 - Today | $1,628,000 |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AREA | 677 - Lincoln Hts |
| HEAT | Central |
| LOT | 9980 sq ft |
| LOT DIMENSIONS | 9980 |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| WATER | Public |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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Based on information from California Regional Multiple Listing Service, Inc. as of 3/19/26 7:44 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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