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2686 Workman Street, Los Angeles, CA 90031

Commercial property

2686 Workman Street, Los Angeles, CA 90031 Sold March 2023 CRMLS
$720,000Sold March 2023

Listing Agent: Louis Chavez (DRE #01949822) · Listing Office: Exp Commercial of California, Inc. · Contact: 855-451-1236 · Bought with: Gay-lynn Barnes · eXp Realty of California Inc. · MLS #22201899 · Source: CRMLS

2,106
Building Sq Ft
4
Units
4.28%
Cap Rate
$31,200
NOI
7,361 sqft
Lot Size
1912
Year Built
LARD1.5
Zoning
Commercial property
Type

About this commercial property

This is a great value-add investment opportunity with 3 residential units and 1 retail unit located on a hard corner in the Lincoln Heights area of Los Angeles. All 4 tenants are long term tenants that have occupied their respective units for 12+ years. Located just a few minutes away from both the 5 and 110 freeways. The unit mix is as follows: 2686 Workman St - 2 Bed + 1 Bath, 2688 Workman St - 1 Bed + Bath, 210 Avenue 28 - 1 Bed + 1 Bath, and 2690 Workman St is a Retail Store of about 1,060 SF.

Listing description from the March 2023 sale, as reported to CRMLS.

Sale history

$720,000
Sold March 2023 · listed $729,000, on market September 2022 · MLS #22201899 · Source: CRMLS
Listing Agent: Louis Chavez · Listing Office: Exp Commercial of California, Inc. · Contact: 855-451-1236 · Bought with: Gay-lynn Barnes · eXp Realty of California Inc.
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