About this home

FIXER*** FIXER***FIXER***FIXER*** VIEWING SATURDAY AUGUST 8 11AM TO 11:30 AM Value-Add Fourplex on Large R3-1 Lot in Lincoln Heights Built in 1913, this charming two-story Craftsman-style property has been converted into four one-bedroom, one-bathroom units. Rich in character and architectural appeal, the building presents an exceptional opportunity for investors seeking a value-add asset. The property requires substantial rehabilitation, making it ideal for buyers looking to renovate and maximize its long-term potential. It is subject to Los Angeles rent control, with long-term tenants currently in place, providing stable occupancy while offering future upside. Situated on a generous R3-1 zoned lot, the property may offer the potential to add two ADUs or two additional dwelling units, subject to buyer verification and approval by the City of Los Angeles. Located in the highly desirable Lincoln Heights neighborhood, the property is just 10 minutes from Downtown Los Angeles and enjoys convenient access to major freeways, public transportation, shopping, dining, schools, parks, and other neighborhood amenities. The area is well established and continues to benefit from ongoing investment and redevelopment, making this an attractive opportunity for investors with a vision. Property Highlights: Built in 1913 Two-story Craftsman-style building Four 1-bedroom, 1-bathroom units Significant rehabilitation needed Subject to Los Angeles Rent Stabilization Ordinance (rent control) Long-term tenant occupancy Large R3-1 zoned lot with potential for additional development (buyer to verify) Possible opportunity for two ADUs or two additional units Prime Lincoln Heights location Approximately 10 minutes to Downtown Los Angeles Close to public transportation, shopping, restaurants, schools, parks, and major commuter routes This is a rare opportunity to acquire a classic Los Angeles income property with renovation and development potential in one of the city's historic and evolving neighborhoods. Buyer is advised to independently verify all zoning, development potential, and applicable regulations with the City of Los Angeles.

Facts and features

Schools

• Gates Street Elementary School

  elementary · K-5 · 0.2 mi

  7

• Florence Nightingale Middle School

  middle · 6-8 · 1.4 mi

  6

• Sacred Heart High School

  high · 9-12 · 0.3 mi

• Central Juvenile Hall

  middle · 6-12 · 0.4 mi

• Griffin Avenue Elementary School

  elementary · K-5 · 0.3 mi

  4

• Sacred Heart Elementary School

  elementary · K-8 · 0.3 mi

Price history

• Nov 3, 2026 · Relisted$650,000
• Sep 22, 2026 · Listing Removed—
• Jul 24, 2026 · Listed$750,000
• Apr 8, 2011 · Sold$325,000
• Mar 10, 2011 · Listing Removed$320,000
• Feb 19, 2011 · Listed$320,000
• Mar 17, 1981 · Sold$120,000

Tax history

• 2025$5,654 tax · $1,263,065 assessed
• 2024$5,581 tax · $416,372 assessed
• 2023$5,484 tax · $400,206 assessed
• 2022$5,249 tax · $392,360 assessed
• 2021$5,167 tax · $384,667 assessed
• 2020$5,210 tax · $380,724 assessed
• 2019$5,024 tax · $373,259 assessed
• 2018$4,869 tax · $365,941 assessed

Home value

$953,860

• Quantarium$953,860

Where it is