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2922 Lincoln Park Ave

Los Angeles, CA 90031
  • $1,100,000
  • STATUS: Active Under Contract
  • ON SITE: 103 Days
  • ID#: 22-136969
Under Contract
$1,100,000
  • 10
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,985
    SQFT
  • $369
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1904
County:

School Ratings & Info

Description

We are pleased to present a five (5) unit apartment building located at 2922 Lincoln Park Avenue in Los Angeles, California. The subject property is positioned in a solid Lincoln Heights location, north of North Broadway and east of Griffin Avenue. Built in 1904, this property contains a great unit mix of one (1) one bedroom / one bathroom units, three (3) two bedroom / one bathroom units, and one (1) three bedroom / one bathroom unit. The lot is large at 7,493 square feet with plenty of on-site parking available in the back. Tenants will enjoy being within short driving distance to great restaurant and retail amenities on North Broadway. Some of these include Esmeralda Zumba Studio, Kailey's Cafe, Champion Donuts, HM157 Art Center, The Heights Deli & Bottle Shop, Otis Fashion Boutique, and Replika Vintage. Outdoor recreation at Lincoln Park & Plaza de la Raza is also available less than a mile south from the subject property. Situated in a solid Lincoln Heights location, this offering presents an excellent opportunity for an any investor to capitalize on over 90% rental upside potential.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-06-27T23:43:04.553. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.trulinerealty.com/homes/126763336
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2922 Lincoln Park Ave Los Angeles, CA 90031

  • Price: $1,100,000
  • Status: Active Under Contract
  • On Site: 103 Days
  • ID#: 22-136969
10
Beds
0
Baths
0
½ Baths
0.17
Acres
2,985
SQFT
$369
$/SQFT
1904
Built
Neighborhood:
Lincoln Heights
County:
Los Angeles
Area:
Lincoln Heights
Property Description
We are pleased to present a five (5) unit apartment building located at 2922 Lincoln Park Avenue in Los Angeles, California. The subject property is positioned in a solid Lincoln Heights location, north of North Broadway and east of Griffin Avenue. Built in 1904, this property contains a great unit mix of one (1) one bedroom / one bathroom units, three (3) two bedroom / one bathroom units, and one (1) three bedroom / one bathroom unit. The lot is large at 7,493 square feet with plenty of on-site parking available in the back. Tenants will enjoy being within short driving distance to great restaurant and retail amenities on North Broadway. Some of these include Esmeralda Zumba Studio, Kailey's Cafe, Champion Donuts, HM157 Art Center, The Heights Deli & Bottle Shop, Otis Fashion Boutique, and Replika Vintage. Outdoor recreation at Lincoln Park & Plaza de la Raza is also available less than a mile south from the subject property. Situated in a solid Lincoln Heights location, this offering presents an excellent opportunity for an any investor to capitalize on over 90% rental upside potential.
Exterior Features

Cross Streets N Broadway & Griffin Ave Levels Ground Level Lot Description Street PavedSingle LotSidewalks Lot Location Hillside Lot Size Area 7493 Other Structures None Parking Garage Driveway - ConcreteDrivewayParking SpaceUncovered Patio Features Patio Open Paved YN Yes Pool Description None Pool YN No Spa None Spa YN No Tennis Court None Total Parking 7 View Description Hills View YN Yes

Interior Features

Baths Total 5.00 Common Walls Attached Cooling Air Conditioning Equipment Built-Ins Heating Wall

Property Features

Assessed Total Value 483359 Gross Income 60942 Gross Operating Income 59113 Land Lease Type Fee Like Units1 1 Like Units2 3 Like Units3 1 Net Operating Income 33022.00 Number Of Buildings 1 Number Of Units 5 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 26091 Type Of Units Market Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lar1

Listing provided courtesy of Jason Tuvia DRE#01772495 of Marcus & Millichap.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-06-27T23:43:04.553. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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TruLine Realty
2999 Overland Ave., Suite 116
Los Angeles CA, 90064