Rare five-unit investment in Lincoln Heights! 2232–2234 Workman Street features a desirable two-building configuration on a deep rectangular 9,980 sq ft lot (LARD1.5 zoning). The property consists of five total units — one (1) 3-bedroom, 2-bath, and four (4) 2-bedroom, 1-bath units — totaling approximately 4,160 sq ft. Built in 1921, the buildings combine classic architecture with solid rental fundamentals.
The rear two-story structure (2234) 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 (2232 & 2232 1/2) features two 2-bedroom, 1-bath units, each with separate entries.
Based on pro-forma numbers, the property can yield a 5% cap rate at market rents. This allows for immediate upside as units transition to market rents.
The large, deep lot with LARD1.5 zoning may offer future ADU or redevelopment potential (buyer to verify with the City).
Excellent location: minutes from Downtown LA, Chinatown, the Arts District, and USC Health Sciences Campus, with convenient freeway access. This is a value-add opportunity in a rapidly appreciating neighborhood with strong rental demand and long-term growth potential.
The rear two-story structure (2234) 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 (2232 & 2232 1/2) features two 2-bedroom, 1-bath units, each with separate entries.
Based on pro-forma numbers, the property can yield a 5% cap rate at market rents. This allows for immediate upside as units transition to market rents.
The large, deep lot with LARD1.5 zoning may offer future ADU or redevelopment potential (buyer to verify with the City).
Excellent location: minutes from Downtown LA, Chinatown, the Arts District, and USC Health Sciences Campus, with convenient freeway access. This is a value-add opportunity in a rapidly appreciating neighborhood with strong rental demand and long-term growth potential.
Property Details
Price:
$1,688,000
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 Dec 10, 2025
2,184
Single Family Listed
72
Avg DOM
848
Avg $ / SqFt
$1,571,236
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 $1,688,000 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 $848. The average listing price for Single Family in Los Angeles is $1,571,236.
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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 2025. California Regional Multiple Listing Service. All rights reserved.2232 Workman
Los Angeles, CA