2428 Hancock, Los Angeles, California 90031, Los Angeles, 90031 - 0 bed, 0 bath
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2428 Hancock
Los Angeles, California 90031
ACTIVE
CONDITION: FAIR
0Beds
0Baths
2,960Sq Ft
7,752Lot Size
Property Price
LIST PRICE$1,150,000
EST. MARKET VALUE
$1,107,117
3% AboveMARKET VALUE
SUMMARY
This Triplex Residential Income property represents a High-Potential Investment Opportunity, listed at $1,150,000—positioned slightly above the $1,107,117 Fair Market Value. Despite the premium, the asset offers significant utility with a Condition Rating of 4, featuring a 9-car gated parking capacity and an unobstructed downtown skyline view. The main unit’s upcoming vacancy provides immediate flexibility for an owner-occupant to "house hack" while generating rental income. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, income-producing asset in Lincoln Heights.
Estimated Market Value
$1,107,117
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 |
|---|---|---|---|---|---|---|
★ 2428 Hancock Subject 0 bd · 0 ba · 2,960 sqft · $374 | $1,150,000* List Price | 0 | 0 | 2,960 | $374 | - |
A 2500 Lincoln Park Ave Pending 0 bd · 0 ba · 2,431 sqft · $370 · 0.4 mi | $899,000 List Price | 0 | 0 | 2,431 | $370 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1906, this triplex is functional and currently occupied but shows significant dating. Interior photos reveal aged pink carpeting, older bathroom vanities, and fixtures likely renovated over 20 years ago. The exterior shows some wear and makeshift balcony repairs, indicating a need for cosmetic updates and minor repairs to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- High Income Potential
This triplex offers a versatile investment opportunity where rental income from two units can offset the mortgage, with the spacious main unit delivered vacant for immediate owner-occupancy or market-rate leasing.
- Exceptional Parking Capacity
Rare for this high-density area, the property features a secure, gated parking area capable of accommodating up to nine vehicles, providing significant value and convenience for tenants and owners alike.
- Prime Central Location
Situated in the heart of Lincoln Heights just one block from Broadway, the property boasts excellent walkability and rapid access to Downtown Los Angeles, public transit, and major freeways.
CONSRISKS & DEFICIENCIES
- Historic Infrastructure
Originally constructed in 1906, the property may require ongoing maintenance or significant capital improvements to modernize aging systems and structural elements common in century-old buildings.
- Underperforming School District
The local public schools serving the area have relatively low performance ratings, which may limit the property's appeal to families prioritizing high-ranking educational facilities.
About 2428 Hancock
Location, Location, Location. Located in prime area of Lincoln Heights, one block to Broadway, with public transportation and shopping centers. Great income property that the rent can pay for the mortgage and live for free. First unit has 2 bedrooms and 1 bath. Second unit has 2 bedrooms and 1 bath. Both units are appx 900 SF. The main unit has 4 bedrooms and 2 full baths and 2 large lofts appx 700 SF (not included in the living size) that can be use as 2 additional bedrooms. Gated parking area that can park up to 9 cars inside, pretty of parking spaces. The main unit will move out after close of escrow. The property is convenient to schools, parks, shopping centers, easy access to freeway. Minutes to Downtown (convenient public transportation to Downtown). Must see to appreciate. Won't Last.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1906
- Lot Size
- 7,752 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
Griffin Avenue Elementary School
Grades K-5 • 0.5 mi
4/10
Hillside Elementary School
Grades K-5 • 0.8 mi
2/10
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 | 2,960 | 2,090.331 |
| Lot Size | 7,752 | 5,852.908 |
| Price | $1.15M | $830.9K |
| Price per sq ft | $389 | $394 |
| Built year | 1906 | 1928 |
| HOA | $0 | $0 |
| Days on market | 27 | 87 |
Pricing History
Listed for Sale
Oct 13, 2026
$1,150,000
Initial Listing
Sold
Sep 25, 2018
$673,000
Public Record
Sold
Oct 12, 2000
$188,500
Public Record