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Listing Details

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School Ratings & Info

Description

Nice 4-units with large lot of 9898 Sf. located at downtown Lincoln Height area, near China Town. There are 3 buildings plus approx. 600 large storage structure in rear(permit unknown). The total building size is 3470 Sf. The site address is 2432, 2432 1/2, 2434 and 2436 Workman. The front building has 2184 Sf. has 2 units - one unit is 2 bedrooms plus den(current use as a 3rd bedroom), 2 baths; other unit is 1 bedroom, 1 bath; the 2nd building built in 1904, 544 Sf. 1 bedroom, one bath; the rear unit built in 1914, 742 Sf., 2 bedrooms, 1 bath, with fenced large well kept back yard. There are 4 electric meters, 4 gas, and 4 waste / trash services account. Tenants pay their own utilities except the water bill. Note, the property is located at the rent control area. The current rent is a lot of below the market, it hasn't been increased for many years, has potential to increase. Ideal for the owner occupant or investment. Buyer is advised to independently verify the accuracy of all information. Please make offer subject to interior inspection. Please don't walk on the property, do not disturb tenants. Thank you for your cooperation.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-20T15:32:08.883. 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 deemed reliable but is not guaranteed accurate by the MLS or Mark Nazzal Real Estate Group | Keller Williams Realty - Redlands Market Center. Licensed in the State of California, USA.
www.marknazzalrealty.com/homes/116766376
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2432 2434-36 Workman Street Lincoln Heights, CA 90031

  • Price: $998,000
  • Status: Active
  • Updated: 38 min ago
  • ID#: WS21092886
0
Beds
0
Baths
0
½ Baths
0.23
Acres
1890
Built
Neighborhood:
677 - Lincoln Hts
County:
Los Angeles
Area:
677 - Lincoln Hts
Property Description
Nice 4-units with large lot of 9898 Sf. located at downtown Lincoln Height area, near China Town. There are 3 buildings plus approx. 600 large storage structure in rear(permit unknown). The total building size is 3470 Sf. The site address is 2432, 2432 1/2, 2434 and 2436 Workman. The front building has 2184 Sf. has 2 units - one unit is 2 bedrooms plus den(current use as a 3rd bedroom), 2 baths; other unit is 1 bedroom, 1 bath; the 2nd building built in 1904, 544 Sf. 1 bedroom, one bath; the rear unit built in 1914, 742 Sf., 2 bedrooms, 1 bath, with fenced large well kept back yard. There are 4 electric meters, 4 gas, and 4 waste / trash services account. Tenants pay their own utilities except the water bill. Note, the property is located at the rent control area. The current rent is a lot of below the market, it hasn't been increased for many years, has potential to increase. Ideal for the owner occupant or investment. Buyer is advised to independently verify the accuracy of all information. Please make offer subject to interior inspection. Please don't walk on the property, do not disturb tenants. Thank you for your cooperation.
Exterior Features

Lot Features Rectangular LotStreet LevelYard Number Of Separate Electric Meters 4 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls

Property Features

Additional Parcels YN No Common Interest None Community Features Street LightsSidewalks Contingency Buyer To Cooperate With Seller's 1031 Tax Deferred Exchange. Current Financing None Electric Expense 0 Exclusions Fuel Expense 0 Garage YN No Gross Income 33720 Gross Scheduled Income 33720 Insurance Expense 1560 Land Lease YN No Laundry Features Electric Dryer HookupGas Dryer Hookup Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New LoanConventional Net Operating Income 25320 New Construction YN No New Taxes Expense 4360 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 8400 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGasTrash Collection Trash Expense 0 Water Sewer Expense 2400 Water Source Public Zoning Lard2

Listing provided courtesy of Kinny Lin of Treeline Realty


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-20T15:32:08.883. 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 deemed reliable but is not guaranteed accurate by the MLS or Mark Nazzal Real Estate Group | Keller Williams Realty - Redlands Market Center. Licensed in the State of California, USA.
 
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Mark Nazzal Real Estate Group | Keller Williams Realty - Redlands Market Center
1473 Ford St., Suite 200
Redlands CA, 92373