ACTIVE$799,000$2,431/sqft

2526 Lincoln Park Avenue, Los Angeles, California 90031

0Bed

0Bath

2,431Sqft

13,540Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:

Prime Location & Market Demand: 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.

Top Cons:

Requires Extensive Improvements (As-Is): 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.

Compared to the nearby listings

Price:$799.0K vs avg $1.02M ($-226,000)38%

Size:2,431 sqft vs avg 2,431 sqft50%

Price/sqft:$329 vs avg $39938%

More Insights

Built in 1902 (124 years old).

Condition: 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 The advanced age suggests outdated systems (plumbing, electrical) and the exterior image shows significant wear, old windows, and dilapidated garage doors.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.

Year Built

1902

List price

$799K

Original List price

$799K

Price/Sqft

$329

HOA

Days on market

Sold On

MLS number

P1-25318

Home ConditionPoor

Features

View-

About this home

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.

Roland Castelar

Listing Agent

Nearby schools

4/10

Gates Street Elementary School

Public,•K-5•0.4mi

6/10

Multnomah Street Elementary School

Public,•K-5•0.7mi

4/10

Huntington Drive Elementary School

Public,•K-6•0.8mi

4/10

Griffin Avenue Elementary School

Public,•K-5•0.8mi

2/10

Hillside Elementary School

Public,•K-5•0.9mi

4/10

Loreto Street Elementary School

Public,•K-5•1.1mi

3/10

Albion Street Elementary School

Public,•K-6•1.2mi

2/10

Murchison Street Elementary School

Public,•K-6•1.2mi

3/10

Ann Street Elementary School

Public,•K-6•1.8mi

4/10

Bridge Street Elementary School

Public,•K-5•1.9mi

5/10

Glen Alta Elementary School

Public,•K-8•0.6mi

5/10

Florence Nightingale Middle School

Public,•6-8•1.2mi

5/10

El Sereno Middle School

Public,•6-8•1.4mi

6/10

Hollenbeck Middle School

Public,•6-8•2.8mi

5/10

Abraham Lincoln Senior High School

Public,•9-12•0.2mi

4/10

Woodrow Wilson Senior High School

Public,•9-12•1.0mi

3/10

Theodore Roosevelt Senior High

Public,•9-12•2.6mi

5/10

STEM Academy of Boyle Heights HS

Public,•9-12•2.8mi

Price History

Date

Event

Price

11/23/16

Sold

$840,000

Condition Rating

Poor

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.

Pros & Cons

Pros

Significant Development Potential: Features a substantial 13,540 sqft lot with three separate structures, providing considerable potential for ADU additions, reconfiguration, or redevelopment, subject to buyer verification.

Immediate Rental Income & Value-Add: A multifamily triplex currently generating consistent cash flow, presenting a clear value-add opportunity for investors seeking to enhance returns through strategic improvements.

Ample Parking & Outdoor Amenities: Includes four garage parking spaces, ample outdoor space, and mature fruit trees, adding significant utility and appeal for residents.

Neighborhood Views & School Access: Benefits from elevated positioning offering pleasant neighborhood views and close proximity to well-rated schools, including Abraham Lincoln Senior High School just 0.2 miles away.

Cons

Advanced Age of Structures: 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.

Buyer Responsibility for Development Verification: 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.

2526 Lincoln Park Avenue, Los Angeles, California 90031, Los Angeles, 90031 - bed, bath

Price Vs. Estimate

Key pros and cons

Compared to the nearby listings

More Insights

About this home

Nearby schools

Price History

Pros

Cons