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Listed by Gil Legaspi • Legaspi Commercial
$1,998,888
Est. payment /mo
8,995 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRDW25144003
Year Built 1929
Lot Size 8,995 Sqft
Source California Regional MLS
Property Description
Excellent Mixed-Use Investment Opportunity in Lincoln Heights - 2432 Daly St. Los Angeles 90031. Offered at $1,988,888, this well-positioned 12-unit mixed-use property in the vibrant Lincoln Heights neighborhood presents a rare investment opportunity. Featuring a strong 6.35% Cap Rate and $165,700 cost per unit, the property delivers immediate income with significant long-term upside. The unit mix includes:(2) Street-level commercial storefronts,(8) One-bedroom, one-bath residential units and (2) Two-bedroom, one-bath residential units. Spread across 6,619 sq ft of living space on an 8,995 sq ft lot, the property offers a functional layout that simplifies management. All units are individually metered for gas and electricity. Located near Downtown Los Angeles, the Lincoln Heights area continues to benefit from strong rental demand and increasing property values. With an attractive price per unit and clear potential for rent growth and appreciation, this is a compelling addition to any investor's portfolio.
Location
State CA
County Los Angeles
Area 677 - Lincoln Hts
Interior
Laundry None
Exterior
Pool None
Roof Type Flat / Low Pitch
Building
Water District - Public
Others
Tax ID 5204012014
Special Listing Condition Not Applicable
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Joel Martinez
Property Connection Specialist | License ID: 02338033
Property Connection Specialist License ID: 02338033