Description

2931 Lincoln Park Avenue is a fully leased, nine-unit multifamily asset ideally positioned in the heart of Los Angeles. Built in 1960 and comprising 6,522 square feet, the property benefits from 100% occupancy and turnkey income generation. Investors will appreciate the stability of an established asset with prevailing market rents of $1,346 per unit, offering a clear path to rental growth through targeted lease-renewal strategies.

Offered at $1,425,000 ($218.49 per square foot), this investment delivers a Net Operating Income of $86,849, translating to a 6.09% capitalization rate and a 9.75x Gross Rent Multiplier. Current cash-on-cash returns stand at 3.69%, with additional upside potential through value-add interior and exterior improvements to align in-place rents with market benchmarks and enhance overall return metrics.

Situated in zip code 90031, the property enjoys immediate access to Los Angeles’s robust employment centers, retail corridors and public transit lines, underscoring the area’s strong rental demand and long-term growth prospects. Proximity to major arterials and neighborhood amenities reinforces the submarket’s appeal to both working professionals and families, making this offering a unique opportunity to acquire a well-maintained, fully occupied asset in a premier West Coast market.

For further details or to arrange a private tour, please contact the listing broker.