2526 Lincoln Park Avenue, Los Angeles, California 90031, Los Angeles, 90031 - 0 bed, 0 bath
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Los Angeles, California 90031
This Multifamily Value-Add Asset represents a High-Potential Investment Opportunity in the heart of Lincoln Heights. Listed at $799,000, the price reflects the property's stability near its $758,875 Fair Market Value, specifically accounting for the expansive 13,540 sqft lot. Currently holding a Poor Condition Rating, the 1902 triplex is sold AS-IS, offering massive upside through ADU additions or site reconfiguration. Located just 0.2 miles from Abraham Lincoln Senior High, this is a strategic acquisition for Value-Add Investors or Developers seeking high-density potential near Downtown LA.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2526 Lincoln Park Avenue Subject | $799,000* List Price | 0 | 0 | 2,431 | $312 | - |
A 2713 Manitou Avenue Sold | $718,000 | 0 | 0 | 2,152 | $334 | 0.7 mi |
B 2430 Griffin Avenue Sold | $800,000 | 0 | 0 | 3,096 | $258 | 0.5 mi |
C 1919 Johnston Street Sold | $700,000 | 0 | 0 | 2,386 | $293 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1902, this property is explicitly listed 'AS-IS' and 'requires improvements,' indicating a need for substantial repairs and rehabilitation. The advanced age suggests outdated systems (plumbing, electrical) and the exterior image shows significant wear, old windows, and dilapidated garage doors. While it generates income, it requires extensive capital investment to modernize and address its condition, aligning with the 'poor' category.
Strategically located in Lincoln Heights, offering excellent proximity to Downtown LA, Highland Park, Pasadena, and major transportation corridors, benefiting from strong rental demand and access to amenities.
Features a substantial 13,540 sqft lot with three separate structures, providing considerable potential for ADU additions, reconfiguration, or redevelopment, subject to buyer verification.
A multifamily triplex currently generating consistent cash flow, presenting a clear value-add opportunity for investors seeking to enhance returns through strategic improvements.
The property is explicitly offered 'AS-IS' and 'requires improvements,' indicating a need for significant capital investment and renovation to modernize and maximize its potential.
Built in 1902, the structures are over a century old, suggesting potential for outdated systems (plumbing, electrical) and requiring substantial upgrades to meet contemporary standards and ensure long-term durability.
While development potential exists, the onus is entirely on the buyer to verify zoning, density, and local regulations, introducing a layer of due diligence and potential uncertainty for future projects.
Situated in the heart of Lincoln Heights in Northeast Los Angeles, this rare multifamily offering presents an exceptional opportunity for investors, developers, and value-add buyers seeking strong upside in a rapidly improving submarket. The property features three separate structures on a large lot, providing both immediate rental income and future development potential.The existing improvements consist of 5 bedrooms and 3 bathrooms across the structures. The property is generating consistent cash flow, making it an attractive option for buyers seeking stabilized income with long-term appreciation. Elevated positioning offers pleasant neighborhood views .Additional highlights include ample outdoor space, mature fruit trees, and Four garage parking spaces. The property is centrally located near Downtown LA, Highland Park, Pasadena, and major transportation corridors, benefiting from strong rental demand and proximity to employment centers, dining, and cultural amenities.For investors or developers, the expansive lot and existing layout may allow for ADU additions , reconfiguration, or redevelopment, subject to buyer verification of zoning, density, and local regulations. The property is offered AS-IS and requires improvements, creating a clear value-add opportunity with the potential for significant return on investment.Buyer to verify square footage, property condition, and all development possibilities.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.7 mi
Grades K-6 • 0.8 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 | 2,431 | 2,700 | 33% |
| Lot Size | 13,540 | 9,024 | 89% |
| Price | $799.0K | $925.0K | 33% |
| Price per sq ft | $329 | $334 | 44% |
| Built year | 1902 | 1915 | 44% |
| HOA | $0 | $0 | 50% |
| Days on market | 105 | 153 | 33% |
Jan 7, 2026
$799,000
Initial Listing
Nov 23, 2016
$840,000
Public Record