2816 LINCOLN PARK AVE | LINCOLN HEIGHTS | 90031 | 8 UNITS
The Coronado Real Estate Group is pleased to present for sale a multifamily property in up-and-coming Lincoln Heights! 2816 Lincoln Park Ave is situated just north of Broadway in a prime location that is surrounded by schools, restaurants, parks, and major employers! Built in 1964, the building is spacious at 7,500 SF and consists of eight units, (4) 2BR + 1BA and (4) 1BR + 1BA. Upgrades include granite in the kitchens and 100% copper plumbing, and other desirable features are the shared laundry room and (1) open parking space for each unit. The property is currently 100% tenant occupied and producing $104,442 in gross income.
Situated a few blocks north of Broadway and Lincoln Park Ave in Lincoln Heights. Near restaurants, schools and amenities. Poised for an increase in property values and rents, now is a great time to buy into this up-and-coming neighborhood. Lincoln Heights provides a community feel with easy access to many nearby LA hot spots like Dodger Stadium, Chinatown, DTLA, and downtown Pasadena. Just down the street are multiple schools including Lincoln High School, shops and restaurants along Broadway, and the historix Lincoln Park with lake, Plaza De La Raza venue and skatepark. One of the driving forces behind Lincoln Height’s growth is the LAC + USC Medical Center and USC Keck School of Medicine and Hospital. These facilities are major centers of employment and provide the surrounding community a steady influx of potential tenants. Plus, USC has also invested $1.1M into the adjacent Hazard Recreation Center with new jogging paths, outdoor fitness zone, toddler zone, updated tennis and basketball courts, and $100,0000 youth sport’s program, and Fit Families – an exercise and nutrition program every Saturday Morning. The surrounding neighborhoods of Cypress Park and Montecito Heights were voted LA’s Hottest Real Estate Neighborhoods for 2017 (#1 and #2 ), giving Lincoln Heights a great chance to be next!
*All information provided to be deemed reliable but not guaranteed. Buyer to complete all investigations into the property and/or any matters that may or may not affect the property independently and to their own satisfaction.