2312 Lincoln Park, Los Angeles, California 90031, Los Angeles, 90031 - 0 bed, 0 bath
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Los Angeles, California 90031
This property presents a High-Potential Investment Opportunity with a List Price of $688,900—positioned well below the $548,704 Fair Market Value by -25%. While the property carries a Condition Rating of 5, the R3 Zoning on a 14,529 sqft lot offers massive development potential for 8+ units. Featuring panoramic city lights views, this asset requires significant renovation and legal stabilization of occupancy issues. This is a high-reward acquisition ideal for Value-Add Investors or Experienced Developers seeking to maximize density and long-term equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2312 Lincoln Park Subject | $688,900* List Price | 0 | 0 | 3,300 | $166 | - |
A 2430 Griffin Avenue Sold | $800,000 | 0 | 0 | 3,096 | $258 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1910 with no evidence of recent renovations, this property far exceeds the 30-year threshold for the poor category. Interior photos reveal significant wear, including peeling flooring, damaged walls, and outdated bathrooms with visible safety concerns regarding electrical clutter. The listing description confirms the need for a full renovation to reach market value and emphasizes the land's development potential.
Zoned R3 on an expansive 14,529 sqft lot, this property offers significant redevelopment potential for 8+ units, aligning with the higher density of the surrounding block.
With a projected market value of $1.3M upon renovation, the property is priced to offer investors massive equity gains through modernization and transitioning units to market-rate rents.
The sloped rear of the lot provides a unique opportunity to build and capture stunning panoramic views of the city lights, Chavez Ravine, and Catalina Island.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3300, other record living area = 2620.
The property currently faces significant management hurdles, including two units with under-market rents and a third unit occupied by a squatter, requiring legal action and relocation assistance.
Realizing the property's full value will require a substantial upfront investment for renovations, tenant buyouts, and potential legal fees associated with stabilizing the asset.
Investor GOLD MINE! Not only do you get three 2/1 units, but the lot is zoned R3 and most properties on this side of the block are 8+ units! The lot is flat in front, but sloped in the rear, so you have building potential on the hill to capture amazing city lights views, including Chavez Ravine and Catalina! If it were renovated and rented at market value then this property is easily worth 1.3M, but add more units or a dream house on the hill and you could be looking at millions of dollars in property value! There is a down-side... Two of the three units are occupied and pay way under market rent. The third unit is occupied by a relative of the former tenant and has not paid rent since the tenant moved out, so he is considered a squatter. A 3-day Notice was served already. Both paying tenants are open to discuss relocation assistance. The upside is incredible, so hurry and make your offer subject to interior inspection TODAY!!!
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,300 | 2,898 | 63% |
| Lot Size | 14,529 | 8,262.5 | 88% |
| Price | $688.9K | $869.5K | 13% |
| Price per sq ft | $209 | $355 | 25% |
| Built year | 1910 | 1915 | 38% |
| HOA | $0 | $0 | 50% |
| Days on market | 14 | 184 | 13% |
Jun 2, 2026
$688,900
Initial Listing