We are pleased to present an eight (8) unit apartment building located at 2109 Manitou Ave in Los Angeles, California. The subject property is located in a good Lincoln Heights location, south of N Broadway and West of Griffin Ave. Located in Lincoln Heights just minutes from Downtown LA, this property offers strong accessibility and long-term upside. The asset is not subject to Los Angeles City rent control and features an excellent unit mix of two one-bedroom, four two-bedroom, and two three-bedroom units, with one unit delivered vacant. Five of the eight units have been renovated. Units are separately metered for gas and electricity and include individual water heaters. The property offers fourteen covered, gated on-grade parking spaces and on-site laundry. Tenants benefit from proximity to major corridors, freeways, Metro access, parks, and popular local amenities including cafes, retail, and Dodger Stadium nearby. With RSO exemption, strong in-place income, one vacancy for immediate upside, and a well-located position in Lincoln Heights, this asset presents a compelling and flexible investment opportunity.
| MLS # | 26682175 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1989 |
| Days On Site | 135 |
| Listing Provided By | Marcus & Millichap | Kian Maronde |
| Bed(s) | 16 |
|---|---|
| Bath(s) | 10 |
| SQ Feet | 2,017 |
| Story(s) | 2 |
| Units | 8 |
| Building(s) | 1 |
| Zoning | LARD3 |
| Acreage | 0.17 |
| Parking Features | Covered |
|---|
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90031 |
| Area | 677 Lincoln Hts |
| Listing VS Median (in 90031) | |
Price: $2,275,000 low | high Med: $1,162,500 sqft: 2,017 low | high Med: 2,717 $ / sqft: $1,128 low | high Med: $428 On site: 135 low | high Med: 185.5 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90031 |
| Area | 677 Lincoln Hts |
| Listing VS Median (in 90031) | |
Price: $2,275,000 low | high Med: $1,162,500 sqft: 2,017 low | high Med: 2,717 $ / sqft: $1,128 low | high Med: $428 On site: 135 low | high Med: 185.5 | |