2528 Lincoln Park Avenue, Los Angeles, California 90031, Los Angeles, 90031 - bed, bath
ACTIVE$869,000
2528 Lincoln Park Avenue, Los Angeles, California 90031
0Bed
0Bath
3Sqft
13,544Lot
Year Built
1902
Close
-
List price
$869K
Original List price
$869K
Price/Sqft
$289,667
HOA
-
Days on market
-
Sold On
-
MLS number
P1-24120
Home ConditionPoor
Features
Good View:
View
About this home
We found 3 Cons,5 Pros. Rank: price - $869.0K(38th), sqft - 3(8th), beds - undefined(50th), baths - undefined(50th).
Offers subjected to interior inspections buyer to provide financial and lender capacity. Seller is a licensed Brokers. Lender owned property, Seller is willing to carry back.
Price History
Date
Event
Price
09/15/25
Listing
$869,000
Condition Rating
Poor
The property, built in 1902, shows significant signs of extreme neglect and disrepair on the exterior, including cracked concrete, dilapidated wooden garage doors, worn stucco, and a rusty chain-link fence as a railing. The 'lender owned property' status and the description 'Offers subjected to interior inspections' strongly suggest the interior, including the kitchen and bathrooms, is in a very poor, likely unlivable condition, requiring substantial repairs and rehabilitation. Without any interior photos, it's safe to assume all major systems, appliances, and finishes are either original, severely outdated, or non-functional, necessitating a complete overhaul.
Pros & Cons
Pros
Income-Generating Triplex: The property is a Triplex, offering multiple rental units which provides diversified income streams and strong investment potential for buyers.
Generous Lot Size: With a substantial 13,544 sqft lot in an urban setting like Los Angeles, there is significant potential for expansion, additional development (e.g., ADUs), or enhanced outdoor amenities.
Seller Financing Option: The seller's willingness to carry back financing provides a flexible and potentially more accessible financing option, which can attract a wider range of buyers.
Desirable Los Angeles Location: Located in Lincoln Heights, an evolving Los Angeles neighborhood, the property benefits from proximity to downtown and potential for appreciation and rental demand.
Property Features a View: The property 'has_view: true' indicates an enhanced living experience and potentially higher market value due to scenic outlooks.
Cons
Historic Age (1902 Build): Built in 1902, the property is likely to require extensive renovations, system upgrades (plumbing, electrical, HVAC), and ongoing maintenance, which could incur significant costs for a new owner.
Lender-Owned Status: As a lender-owned property, it is typically sold 'as-is,' implying potential deferred maintenance and limited seller willingness for repairs or concessions, requiring buyers to budget for potential issues.
Data Discrepancy in Square Footage: The reported 3 sqft is highly unusual and likely a data entry error for a triplex, requiring immediate clarification as it significantly misrepresents the property's actual size and usability.