2931 Lincoln Park Ave 9 Unit Apartment Building $1,425,000 ($158,333/Unit) 6.09% Cap Rate Los Angeles, CA 90031

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.
For OM, please visit: https://www.lamultifamilydeals.com/active-listings/2931-lincoln-park-ave