OFF MARKET - 8 Units in Lincoln Heights

$1,275,000

OFF MARKET

# of Units: 8

Current/Pro Forma GRM: 9.69/6.41

Current/Pro Forma CAP:
5.22%/10.51%

Price/SF: $212

Building SF: 6,020

Lot SF: 7,492

Zoning: LAR1

Year Built: 1964

Description

Located in the rapidly evolving neighborhood of Lincoln Heights just south of Highland Park, this value-add 8 unit apartment building is an excellent opportunity to purchase Northeast Los Angeles multifamily for under $160,000 per unit. The property features a desirable unit mix of 4 (2Br+1Ba) units and 4 (1Br+1Ba) units currently 100% occupied, with $131,584 in scheduled gross income. Upgrades include 100% copper plumbing, granite kitchen countertops, and dual-pane windows. Additional amenities include a community laundry room at the rear of the building and eight open parking spaces.

Location

The property is ideally located near the Keck School of Medicine of USC, Los Angeles General Medical Center, and offers quick access to Downtown Los Angeles, Chinatown, El Sereno, and the nearby 5, 10, and 110 freeways. Located only 2.5 miles from Hermon’s - voted LA’s hottest new restaurant in February 2026 by the LA Times, this strong location and solid fundamentals make it an attractive opportunity in one of Northeast LA’s fastest growing rental markets.

Property Highlights

Excellent Value Add opportunity in rapidly evolving Lincoln Heights, which is adjacent to Highland Park, Cypress Park, and El Sereno in Northeast Los Angeles.
Ability to purchase at an extremely low $/SF and $/unit - $212/SF and $159,375.
Residential area in Lincoln Heights close to Huntington Dr and just north of Broadway, near Abraham Lincoln High School.
Upgrades include 100% copper plumbing, granite kitchen countertops, separate meters and dual-pane windows.
Shared laundry room located at the rear of the building generating appx. $380/month.
8 rear open parking spaces for tenants.
Near the DMV, KECK USC Medical School, LA County Hospital, DTLA, El Sereno, and 5, 110 & 10 freeways
Only a few minutes to Chinatown and Downtown LA (easy access via Broadway), as well as easy access to South Pasadena via Huntington Dr.
Nearby Lincoln Heights Favorites:
- Moo's Craft BBQ
- The Heights Deli & Bottle Shop
- The Village Market & Deli
- Dino’s Main St, Rancho Meat Market
- Benny Boy Brewing, San Antonio Winery
- Mazal, Trattoria Daly, the Office Bar & Grill
- Chano's, King Taco, Little Rodeo Mexican
- Tierra Mia Coffee, La Monarca Bakery & Cafe