Home | Los Angeles County | Los Angeles | 90031 | 2232 2232 Workman
MLS: CROC26080663 | Status: | Price: $1,628,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 9,980 | 1890 |
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.
| Field | Value |
|---|---|
| MLS # | CROC26080663 |
| MLS Source | California Regional MLS |
| Days on Site | 8 |
| Feature | Details |
|---|---|
| Appliances | Other |
| Cooling | None |
| Heating | Central Forced Air |
| Feature | Details |
|---|---|
| Roof | Composition |
| Feature | Details |
|---|---|
| Garage/Parking | Garage: 0 Car(s) |
Clayton Tom
Act Realty Group
License #: 01707471
Phone: (323) 481-0691
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 2 | – |
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This listing information is up-to-date as of April 15, 2026. For the most current information, please contact Clayton Tom, (323) 481-0691.