2432-2432 Workman Street

Los Angeles, CA 90031

$1,050,000
Price
7
Beds
3,470 Sq. Ft.
$303 / Sq. Ft.
3,470
Sq. Ft.
$303
per Sq. Ft.

Description

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...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.
  1. Listed by KINNY LIN • DRE #01244019 • Brokerage DRE #02064497 • TREELANE REALTY GRP, INC. • 626-625-5034

Property Details for 2432-2432 Workman Street

Parking Spaces Total
0
Private Pool
No
Total Units
4.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
3470
Assessor Parcel Number
5204-015-016
Property Attached YN
false

Location

Listing Courtesy of TREELANE REALTY GRP, INC., KINNY LIN, DRE #01244019
Add your commute
LISTING UPDATED: 04/24/2024 12:17 PM

Property Details for 2432-2432 Workman Street

StatusActive
MLS #WS23027109
Days on Market434
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built1890
CountyLos Angeles County

Location

Listing Courtesy of TREELANE REALTY GRP, INC., KINNY LIN, DRE #01244019
Add your commute

Building Information for 2432-2432 Workman Street

Building/Complex2432-2432 Workman StFloor-Stories-Residences-Pet Policy-Year Built1890Building Size-

Payment Calculator

$5,730 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,730

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2432-2432 Workman Street

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas, Trash Collection
Income / Expense / Tax Details
Income Details
  • Gross Income: $45,960
  • Gross Scheduled Income: $45,960
  • Net Operating Income: $37,674
  • Current Financing: None
Expense Details
  • Operating Expense: $8,286
  • New Taxes Expense: $4,326
  • Gardener Expense: $0
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $1,560
  • Trash Expense: $0
  • Water Sewer Expense: $1,800
  • Total Expenses: $8,286
Tax / Assessment Info
  • Tax Block: 16
  • Tax Tract Number: 0000
  • Tax Census Tract: 1992.01
  • Tax Lot: 14
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup
Exterior Features
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: Back Yard, Front Yard, Level with Street, Lot 6500-9999, Rectangular Lot, Near Public Transit
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $870
  • Unit Type Total Rent: $870
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,580
  • Unit Type Total Rent: $1,580
  • Unit Type Pro Forma: 1580
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $560
  • Unit Type Total Rent: $560
  • Unit Type Pro Forma: 1000
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $820
  • Unit Type Total Rent: $820
  • Unit Type Pro Forma: 1500
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 4
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Property History for 2432-2432 Workman Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 2432-2432 Workman Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 6 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Gates Street Elementary School
PublicK to 5

Los Angeles Leadership Academy
Charter6 to 12

Abraham Lincoln Senior High School
Public9 to 12

Woodrow Wilson Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2432-2432 Workman Street is a multi-family home for sale in Los Angeles, CA 90031. This property was listed for sale on February 16, 2023 by TREELANE REALTY GRP, INC., it's currently listed at $1,050,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Gates Street Elementary School, Los Angeles Leadership Academy and Abraham Lincoln Senior High School. 2432-2432 Workman Street is a 7-bed, 0-bath, 3,470 sqft multi-family home built in 1890.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of TREELANE REALTY GRP, INC., KINNY LIN, DRE #01244019

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.