First time on the market property! Priced only at $335 per sq ft and $270,000 per unit with no RSO. This five-unit building consists of eleven beds and five baths in Lincoln Heights neighborhood, totalling 4,032 sq ft. Great location next to Chinatown, Art District, and many freeways (110 fwy, 5 fwy, 2 fwy, 101 fwy). There is a mix of four 2-bed 1-bath units and one 3-bed 2-bath unit. Two units have been completely renovated with new electric, plumbing, and cooling units, with new kitchens and bathrooms. The building was just painted for curb appeal. There are upside rents with three of the under-market units. Since the building was built in 1980, it is not under RSO, so rents can be caught up to market sooner.
The property is on a large lot of 7789 square feet with RD-1 zoning. This allows for additional development opportunities in the future. Based on zoning, owners can add up to 4 more units on existing (but please verify with the city). Another cheaper alternative is adding an ADU by utilizing the six parking spaces under the building. The property is close to many new restaurants in Chinatown, Los Angeles State Historical Park, Dodger Stadium, San Antonio Winery, Elysium Park, Keck USC Hospital, and many other attractions, making it a great investment opportunity for owners seeking rental income and stability.
Interior showings contingent on offers. Do not disturb tenants. Full occupied.
The property is on a large lot of 7789 square feet with RD-1 zoning. This allows for additional development opportunities in the future. Based on zoning, owners can add up to 4 more units on existing (but please verify with the city). Another cheaper alternative is adding an ADU by utilizing the six parking spaces under the building. The property is close to many new restaurants in Chinatown, Los Angeles State Historical Park, Dodger Stadium, San Antonio Winery, Elysium Park, Keck USC Hospital, and many other attractions, making it a great investment opportunity for owners seeking rental income and stability.
Interior showings contingent on offers. Do not disturb tenants. Full occupied.
Property Details
Price:
$1,389,000
MLS #:
WS25165151
Status:
Active
Baths:
0
Address:
1926 N Johnston Street
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
677lincolnhts
City:
Los Angeles
Listed Date:
Jul 15, 2025
State:
CA
ZIP:
90031
Lot Size:
7,789 sqft / 0.18 acres (approx)
Year Built:
1980
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Schools
Interior
Interior Features
2 Staircases
Exterior
Community Features
Urban
Garage Spaces
6.00
Lot Features
2-5 Units/ Acre
Parking Spots
6.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Map
Community
- Address1926 N Johnston Street Los Angeles CA
- Area677 – Lincoln Hts
- CityLos Angeles
- CountyLos Angeles
- Zip Code90031
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1926 N Johnston Street
Los Angeles, CA
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