2312 Lincoln Park, Los Angeles, California 90031, Los Angeles, 90031 - 0 bed, 0 bath
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2312 Lincoln Park
Los Angeles, California 90031
ACTIVE
CONDITION: POOR
0Beds
0Baths
3,300Sq Ft
14,529Lot Size
Property Price
LIST PRICE$525,000
EST. MARKET VALUE
$525,000
SUMMARY
This triplex presents a High-Potential Investment Opportunity with a List Price of $525,000—positioned well below the $1,300,000 Fair Market Value by 60%. This valuation gap offers $775,000 in Instant Equity for buyers capable of managing a full rehabilitation. Featuring R3 Zoning and a Condition Rating of 5, the property offers significant density upside and panoramic city views. Given the current occupancy and legal status, this is a complex Asset ideal for Buy-and-Hold Investors or Experienced Developers.
Estimated Market Value
$525,000
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2312 Lincoln Park Subject 0 bd · 0 ba · 3,300 sqft · $159 | $525,000* List Price | 0 | 0 | 3,300 | $159 | - |
A 3212 Baldwin Active 0 bd · 0 ba · 3,900 sqft · $167 · 0.3 mi | $650,000 List Price | 0 | 0 | 3,900 | $167 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1910 with no evidence of recent renovations, this property shows significant deferred maintenance. Interior images reveal dated linoleum flooring, wall damage, and a highly distressed bathroom. The listing's focus on R3 zoning and 'building potential' further confirms the structure requires a total rehab.
PROSSTRENGTHS & OPPORTUNITIES
- High-Density Development Potential
The property is situated on a large 14,529 sqft lot zoned R3, offering significant upside to develop 8+ units in a neighborhood where high-density residential is the standard.
- Substantial Equity Opportunity
With a projected renovated market value exceeding $1.3M, the property offers a massive equity play for investors capable of managing a full rehabilitation and tenant repositioning.
- Premium View Potential
The sloped rear topography provides a unique building platform to capture iconic views of Chavez Ravine, Catalina Island, and the Los Angeles city lights, significantly increasing future resale value.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3300, other record living area = 2620.
- Occupancy and Legal Liabilities
The property is sold with two below-market tenants and a squatter in place; the buyer assumes all responsibility and costs for relocation negotiations or eviction proceedings.
- Complex Auction Terms
The sale involves a non-absolute auction format with a seller reserve and a buyer premium, creating price uncertainty and requiring a sophisticated understanding of auction purchase contracts.
About 2312 Lincoln Park
Please NOTE- The list price is the starting bid auction price, NOT the selling price. Property will be available for bidding on an online auction- bids will be opened daily. There will be a Seller Reserve, so this is not an Absolute Auction. There will be a Buyer Premium charge to the successful bidder. Call your Realtor about terms and conditions. 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!!! NOTE- property will be delivered with tenants and squatter in place at the close of escrow. Neither the seller nor their agent will begin eviction proceedings.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1910
- Lot Size
- 14,529 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Gates Street Elementary School
Grades K-5 • 0.2 mi
4/10
Multnomah Street Elementary School
Grades K-5 • 0.6 mi
6/10
Griffin Avenue Elementary School
Grades K-5 • 0.6 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 3,300 | 2,090.331 |
| Lot Size | 14,529 | 5,852.908 |
| Price | $525.0K | $830.9K |
| Price per sq ft | $159 | $394 |
| Built year | 1910 | 1928 |
| HOA | $0 | $0 |
| Days on market | 160 | 87 |
Pricing History
Listed for Sale
Aug 5, 2026
$525,000
$688,900
-24% Price Drop
Initial Listing
Price Change
Jun 2, 2026
$688,900
Initial Listing