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31093042
31093043

2500 Lincoln Park Ave, Los Angeles, CA 90031

Circle Real Estate
Listed by Circle Real Estate
$999,000
113 days on market
Updated 10 days ago

2500 Lincoln Park Ave

Details
APN 5208025006
Property Type Multifamily
Sub Type Apartment Building
Units 3
Buildings 3
Stories 1
Acreage 0.318
Zoning Public Rec

Multifamily | 3 Units

Marketing description

TWO VACANT UNITS!, in Los Angeles historic Lincoln Heights with upside and immediate cash-flow potential. The property is located in a vibrant, high-demand area with convenient access to the city center, transit, and major freeways, and is centrally positioned near Downtown, Highland Park, Pasadena, and Dodger Stadium. This well-maintained triplex offers three separate units, each individually metered for water, electricity, and gas, along with private outdoor patio space. The property currently offers two vacant units: a 2-bedroom, 1-bath middle unit and a 3-bedroom, 1-bath top unit, creating flexibility for owner-users or investors seeking market rents. The additional 3-bedroom, 2-bath unit is tenant occupied. An excellent opportunity for both cash flow and long-term appreciation with a projected 8%+ pro forma cap rate. Buyer to verify all financial information and potential income.
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Circle Real Estate
Listed by Circle Real Estate

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