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2809 Pasadena, Los Angeles
$3,800,000
WS26212484 MLS ⋅ Active Status
Rare 20-unit multifamily investment in Lincoln Heights, Northeast Los Angeles, offered at $190,000 per unit and $266 per square foot. Two-story, 1962-built wood frame and stucco; 14,281 SF of building area on a 16,775 SF lot. Unit mix is eighteen one-bedroom/one-bath, one two-bedroom/one-bath and one studio — all twenty leased. Ownership has completed a building-wide capital program, leaving limited near-term capital exposure: soft-story seismic retrofit completed under the City's mandatory program, full roof replacement across both sections (2024 and 2025), electrical subpanels replaced in all twenty units, new central water heater, replaced main water service line, driveway resurfacing and full exterior repaint. Twenty on-site parking spaces — a full 1.0 per unit, uncommon for 1962-vintage product in this submarket — plus a common laundry room and gated access. Approximately 20% in embedded rent upside as units turn and are renovated. In-place rents average $1,505 against $1,809 at market. Zoned RD3-1 within the Lincoln Heights HPOZ. ZIMAS designates the parcel Transit Oriented Communities Tier 3, Transit Priority Area and federal Opportunity Zone. Twenty legal units on a lot current zoning would permit approximately five — density that cannot be replicated. Six-minute walk to the Metro A Line at Lincoln/Cypress, immediate access to the I-5 and SR-110, 2.4 miles to the Downtown Los Angeles Civic Center. Property is subject to the City of Los Angeles Rent Stabilization Ordinance. Offering memorandum, rent roll and operating statements available to qualified buyers upon execution of a confidentiality agreement; contact listing agent. Listing agent has ownership interest in the property. Buyer to verify all information.

2809 Pasadena, Los Angeles
236 E Avenue 39, Los Angeles
$1,700,000
TR26204170 MLS ⋅ Active Status
Don’t miss this prime investment opportunity in Lincoln Heights—a stable income property conveniently located near the 110 and 5 freeways. On the market for the first time in 35 years under the same ownership, this two-story, 6-unit apartment building features all 2-bedroom, 1.5-bathroom units with separate electric and gas meters, on-premise parking, and long-term tenants providing reliable income. The property boasts key updates including a new roof and downspouts replaced two years ago and full repiping done 15 years ago, plus immediate upside potential with one newly remodeled unit vacant and ready for rent. Please do not disturb tenant. Showing will be available upon accepted offer.

236 E Avenue 39, Los Angeles
2301 Pasadena Avenue, Los Angeles
$1,795,000
SR26162858 MLS ⋅ Active Status ⋅ Pads On Pasadena Avenue BLDG.
Pads on Pasadena Avenue - a 22-unit boutique repositioning opportunity in Lincoln Heights / NELA, minutes to DTLA, LAC+USC Medical Center and the Metro L Line. Operated under a valid LAHD RSO certificate; rooms feature private kitchenettes with on-site shared laundry. Priced at $1,795,000 against a 9.82% stabilized pro forma cap (GRM 5.87). The asset is currently in lease-up, offering a rare value-add basis with fully entitled plans to add a private bath to every room and create private-bath studios. Dual-use flexibility as a boutique hostel or RSO apartments, with strong 2028 Olympics-driven demand. Financials shown reflect stabilized underwriting; current occupancy is in repositioning. Buyer to verify all figures, entitlements, unit legality and square footage.

2301 Pasadena Avenue, Los Angeles

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.