2122 Thomas Street, Lincoln Heights, California 90031, Lincoln Heights, 90031 - bed, bath
ACTIVE$1,189,000
2122 Thomas Street, Lincoln Heights, California 90031
0Bed
0Bath
4,489Sqft
7,501Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income Potential: Four units plus an ADU opportunity provide a strong income stream.
Top Cons:
Age of Property: Built in 1890, the property may require ongoing maintenance and repairs.
Compared to the nearby listings
Price:$1.19M vs avg $1.07M (+$114,000)69%
Size:4,489 sqft vs avg 2,476 sqft92%
Price/sqft:$265 vs avg $39915%
More Insights
Built in 1890 (135 years old).
Condition: The property was built in 1890. While one unit is recently remodeled, the images show that the other units have aged kitchens and bathrooms. The basement is unfinished and needs work. Overall, the property requires updates and repairs, but is still functional.
Year Built
1890
Close
-
List price
$1.19M
Original List price
$1.19M
Price/Sqft
$265
HOA
-
Days on market
-
Sold On
-
MLS number
PW25152221
Home ConditionFair
Features
Good View:
View-
About this home
New Listing – 4 Units + ADU Opportunity in Lincoln Heights Incredible investment opportunity! This 4-unit property features two separate structures on one lot with a combined 4,793 sq. ft. of living space. Front Duplex (2,991 sq. ft.): Unit A: 2 Bed / 1 Bath Unit B: 3 Bed / 1 Bath – recently remodeled Rear Duplex (1,802 sq. ft.): Unit C: 2 Bed / 1 Bath Unit D: 2 Bed / 1 Bath Basement approved for ADU conversion (467 sq. ft.) Live in one unit and rent the others Located in vibrant Lincoln Heights — near DTLA, parks, culture, and dining Don’t miss this chance to own a multi-family property with strong upside potential and ADU expansion already in place.
Condition Rating
Fair
The property was built in 1890. While one unit is recently remodeled, the images show that the other units have aged kitchens and bathrooms. The basement is unfinished and needs work. Overall, the property requires updates and repairs, but is still functional.
Pros & Cons
Pros
Income Potential: Four units plus an ADU opportunity provide a strong income stream.
ADU Potential: Basement is already approved for ADU conversion, adding immediate value.
Location: Located in the desirable Lincoln Heights neighborhood, near DTLA, parks, culture, and dining.
Large Living Space: Combined 4,793 sq. ft. of living space offers ample room for tenants.
Remodeled Unit: One unit (Unit B) has been recently remodeled, increasing its appeal to renters.
Cons
Age of Property: Built in 1890, the property may require ongoing maintenance and repairs.
Limited Information: Lack of detailed information about the condition of all units besides Unit B.
Potential Renovation Costs: Older construction may present unexpected renovation costs during ADU conversion or general upkeep.