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Listed price in listed location currency (USD).
$1,628,000

005

MLS® OC26080663

  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size -
Garage 
HOA Fees 
Taxes 
Days Active 0
Approx. Age 1890
MLS® Number OC26080663

Property Address: 2232 Workman, Los Angeles, CA, 90031

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® NumberOC26080663
Locker
Ensuite LaundryYes
Balcony
Furnished
Laundry LevelEnsuite
Exposure
Exterior
Garage
Approx. Age1890
Stories2
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 15, 2026List Date
$1,628,000List Price
  • Commute

Commute

Starting Address
Destination Address
2232 , Los Angeles, CA

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