Lincoln Heights, CA 90031 2432 2432 -36 Workman Street
$1,050,000
Presented By: KINNY LIN with TREELANE REALTY GRP, INC.; 626-625-5034
Home Details
A Nice 4-unit with a large lot Near 10,000 Sf. It's located in the downtown Lincoln Heights area, near Chinatown, close shopping, banks, Bus stop, CVS, Library at the Same Street, walk distance to all conveniences. There are 3 buildings plus approx. 600 large storage structures in the 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, 2434 and 2432 1/2, Unit 2434 has 2 bedrooms plus den(current use as a 3rd bedroom), 2 baths; Unit 2432 1/2 unit is 1 bedroom, 1 bath. rented $1500. The Seller spent $30,000 to remodel this unit including new interior paint, new water heater, all new dual windows, new laminated flooring, kitchen with new countertop, new cabinets, tile floor, the full bathroom with new tub, new toilet and new cabinet. This unit has a high ceiling, bright and airy, good for family living. the 2nd building built in 1904, 544 Sf. 1 bedroom, one bath; the rear unit was 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 accounts. Tenants pay their own utilities including trash except water. Seller Note, the property is located at the rent control area. The current rent is a lot below the market, it hasn't been increased for many years, and has potential to increase. Ideal for the owner occupant or investment. Buyer is advised to independently verify the accuracy of all information. Please make the offer subject to interior inspection. Please don't walk on the property, Thank you for your cooperation.
Presented By: KINNY LIN with TREELANE REALTY GRP, INC.; 626-625-5034
Interior Features for 2432 2432 -36 Workman Street
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesElectricDryerHookup, GasDryerHookup
General for 2432 2432 -36 Workman Street
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLincoln Heights
Community FeaturesStreetLights, Sidewalks
CountyLos Angeles
Current FinancingNone
Days on Market555
DirectionsNorth of Broadway; West of Griffin Ave
Electric Expense0.0
Electric On Property Y/NNo
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income45960.0
Home Owner AssocNo
Home Warranty Y/NNo
Insurance Expense1560.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet9899.0
Lot Size UnitsSquareFeet
MLS Area677 - Lincoln Hts
MobileHomeRemainsYNNo
Net Operating Income37674.0
New ConstructionNo
NumberOfUnitsTotal4
Operating Expense8286.0
Pool FeaturesNone
Private PoolNo
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot14
Taxes$4,326
Tenant PaysElectricity, Gas, TrashCollection
TermsCash, CashToNewLoan, Conventional
Trash Expense0.0
View Y/NNo
Water Sewer Expense1800.0
Waterfront Y/NNo
Year Built1890
Year Built SourceAssessor
ZoningLARD2
Exterior for 2432 2432 -36 Workman Street
Building Area Total3470.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesBackYard, FrontYard, NearPublicTransit, RectangularLot, StreetLevel
Lot Size Acres0.2272
Lot Size Area9899.0
Lot Size SourceAssessor
Number of Buildings4
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking0.0
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480