2526 Lincoln Park Avenue, Los Angeles, California 90031, Los Angeles, 90031 - bed, bath
ACTIVE$929,000
2526 Lincoln Park Avenue, Los Angeles, California 90031
0Bed
0Bath
2,820Sqft
13,544Lot
Year Built
1902
Close
-
List price
$929K
Original List price
$929K
Price/Sqft
$329
HOA
-
Days on market
-
Sold On
-
MLS number
SR25004705
Home ConditionPoor
Features
Good View:
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $929.0K(46th), sqft - 2820(69th), beds - undefined(50th), baths - undefined(50th).
Fantastic Triplex Investment Opportunity in rapidly developing Lincoln Heights! 3 structures on site containing a total of 5 bedrooms and 3 baths. Great views of surrounding area and Downtown LA skyline. Lots of outdoor space, fruit trees and 2 garage spaces. Property fully occupied by tenants and generating good cash flow. Buyer to verify square footage. Listing agent related to Owner.
Nearby schools
4/10
Gates Street Elementary School
Public,•K-5•0.4mi
6/10
Multnomah Street Elementary School
Public,•K-5•0.7mi
4/10
Huntington Drive Elementary School
Public,•K-6•0.8mi
4/10
Griffin Avenue Elementary School
Public,•K-5•0.8mi
2/10
Hillside Elementary School
Public,•K-5•0.9mi
4/10
Loreto Street Elementary School
Public,•K-5•1.1mi
3/10
Albion Street Elementary School
Public,•K-6•1.2mi
2/10
Murchison Street Elementary School
Public,•K-6•1.2mi
3/10
Ann Street Elementary School
Public,•K-6•1.8mi
4/10
Bridge Street Elementary School
Public,•K-5•1.9mi
5/10
Glen Alta Elementary School
Public,•K-8•0.6mi
5/10
Florence Nightingale Middle School
Public,•6-8•1.2mi
5/10
El Sereno Middle School
Public,•6-8•1.4mi
6/10
Hollenbeck Middle School
Public,•6-8•2.8mi
5/10
Abraham Lincoln Senior High School
Public,•9-12•0.2mi
4/10
Woodrow Wilson Senior High School
Public,•9-12•1.0mi
3/10
Theodore Roosevelt Senior High
Public,•9-12•2.6mi
5/10
STEM Academy of Boyle Heights HS
Public,•9-12•2.8mi
Price History
Date
Event
Price
11/23/16
Sold
$840,000
Condition Rating
Poor
Built in 1902, this property is 123 years old with no mention of significant renovations or updates in the listing description. The exterior images reveal very old structures with visible wear and tear, suggesting substantial deferred maintenance. The complete absence of interior photos, particularly of kitchens and bathrooms, strongly indicates these areas are severely outdated and in poor condition, likely requiring extensive rehabilitation. While currently occupied and generating income, the property's age and lack of apparent modernization suggest major systems (plumbing, electrical, HVAC) and structural components are well past their lifespan and require significant capital expenditures for safety, soundness, and habitability.
Pros & Cons
Pros
Strong Investment Opportunity: As a triplex with three structures, the property is fully occupied and explicitly stated to be generating good cash flow, making it an attractive income-producing asset.
Prime Location with Growth Potential: Situated in 'rapidly developing Lincoln Heights,' indicating potential for future appreciation and neighborhood revitalization.
Panoramic Views: Offers 'Great views of surrounding area and Downtown LA skyline,' enhancing desirability and potential value.
Generous Lot Size & Outdoor Space: A substantial 13,544 sqft lot provides ample outdoor space, fruit trees, and potential for landscaping or future development (subject to zoning).
Excellent School Proximity: Located just 0.2 miles from Abraham Lincoln Senior High School, which has a strong rating of 5, appealing to families.
Cons
Advanced Age of Property: Built in 1902, the property is over a century old, likely requiring significant capital expenditures for system upgrades, structural maintenance, and modernization across its three structures.
Unverified Square Footage: The listing explicitly states 'Buyer to verify square footage,' which could indicate discrepancies in official records and places the burden of due diligence on the buyer.
Potential Conflict of Interest Disclosure: The 'Listing agent related to Owner' disclosure, while common, may prompt buyers to exercise additional caution and ensure independent representation.