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2931 Lincoln Park Ave

2931 Lincoln Park Ave, Los Angeles, CA 90031, USA

For Sale

$1,425,000

Property Details

Property Type

Multifamily

Units

9

Price Per Unit

$158,333

Contact Agent

Kian Maronde

(818) 665-6875

Price Per SF

$218.49

Cap Rate

6.09%

GRM

9.75

Property Description

The Tuvia Group of Marcus and Millichap is pleased to present a nine (9) unit apartment building located at 2931 Lincoln Park Ave in Los Angeles, California. The subject property is located in a great Lincoln Heights location, just north of N Broadway and east of Griffin Ave.


Located in Lincoln Heights, this nine-unit multifamily property offers an opportunity in one of Northeast Los Angeles’ accessible neighborhoods. The unit mix consists of four one-bedroom and five two-bedroom units, with select interiors upgraded and approximately 50% rental upside potential. Residents benefit from on-site laundry, full uncovered parking, and separately metered gas and electricity. Situated on a large 14,781-square-foot corner lot, the property may offer potential for multiple ADUs. The location provides immediate access to the 5, 10, and 110 freeways, the Metro A Line, and major commercial corridors including North Broadway, Mission Road, Griffin Avenue, and Huntington Drive. Nearby destinations include Paradise Hill Park, USC Health Sciences Campus, and neighborhood retailers and restaurants.


Overall, the property presents a compelling value-add opportunity with substantial rental upside, development potential, and convenient access throughout Los Angeles.

Property Location

2931 Lincoln Park Ave, Los Angeles, CA 90031, USA

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Contact

Address

Social

Call

818-212-2735

Marcus & Millichap

16830 Ventura Blvd #100

Encino, CA 91346

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License

#01772495

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