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.
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.
Property Details
Price:
$1,628,000
MLS #:
OC25240373
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Apartment
Neighborhood:
677lincolnhts
Listed Date:
Oct 15, 2025
Total Sq Ft:
4,161
Lot Size:
9,980 sqft / 0.23 acres (approx)
Year Built:
1890
See this Listing
Schools
Interior
Cooling
NO
Heating
CF
Laundry Features
AR, GE, IN
Exterior
Community Features
URB
Parking Spots
5
Roof
CMP
Security Features
SD, COD
Financial
Map
Community
- Address2232 Workman Los Angeles CA
- CityLos Angeles
- CountyLos Angeles
- Zip Code90031
Subdivisions in Los Angeles
Market Summary
Current real estate data for Single Family in Los Angeles as of Mar 14, 2026
7,200
Single Family Listed
87
Avg DOM
510
Avg $ / SqFt
$1,492,217
Avg List Price
Property Summary
- 2232 Workman Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90031. It is listed for $1,628,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1890. The average price per square foot for Single Family listings in Los Angeles is $510. The average listing price for Single Family in Los Angeles is $1,492,217.
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Courtesy of Act Realty Group. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved.2232 Workman
Los Angeles, CA