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2686 Workman St, Los Angeles, CA 90031
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2686 Workman St Los Angeles, CA 90031

$720,000 Sold Price as of 03/28/2023
  • -- Beds
  • -- Baths
  • 2,106 Sq.Ft.
Sold
$720,000 Sold Price as of 03/28/2023 Refinance Your Mortgage
Map preview of 2686 Workman St, Los Angeles, CA 90031

Property Overview: 2686 Workman St Los Angeles, CA has -- bedrooms, -- bathrooms, 2,106 living square feet and 7,361 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This is a great value-add investment opportunity with 3 residential units and 1 retail unit located on a hard corner in the Lincoln Heights area of Los Angeles. All 4 tenants are long term tenants that have occupied their respective units for 12+ years. Located just a few minutes away from both the 5 and 110 freeways. The unit mix is as follows: 2686 Workman St - 2 Bed + 1 Bath, 2688 Workman St - 1 Bed + Bath, 210 Avenue 28 - 1 Bed + 1 Bath, and 2690 Workman St is a Retail Store of about 1,060 SF.

Listed by Louis Chavez | BRE #01949822 | Exp Commercial of California, Inc.
Co-listed by Robert Arevalo | BRE #02044020 | EXP REALTY OF CALIFORNIA INC
Last checked: 16 minutes ago | Last updated: March 29th, 2023 | Source CRMLS | DOM: 34

Home details

Lot Sq. Ft
7,361
HOA Dues
$0/mo
Year built
1912
Garage
--
Property Type:
Other
Status
Sold
MLS#
22201899
City
Los Angeles
County
Los Angeles
Time on Site
420 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: --
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.28%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: $31,200
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 2686 Workman St

Interior Features
Laundry Information
  • Inside
Interior Features
  • Security Features: Gated Community
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Corner Lot
Property Information
  • Total # of Units: 4
  • Parcel Number: 5206006018
Location / Neighborhood
Location Information
  • Directions: From the 5 freeway exit Pasadena Ave. go north on Pasadena Ave. and make a right on E Avenue 28. The property is located on the corner of E Avenue 28 and Workman St.
View more facts & features

Local Los Angeles Agent

Sale History for 2686 Workman St

Last sold for $720,000 on March 28th, 2023

  • March, 2023

  • Mar 28, 2023

    Date

    Sold

    CRMLS: 22201899

    $720,000

    Price

  • Sep 21, 2022

    Date

    Active

    CRMLS: 22201899

    $729,000

    Price

  • April, 2010

  • Apr 1, 2010

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • September, 1979

  • Sep 12, 1979

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 2686 Workman St

Assessed Value (2020): $111,627
Year Land Value Improved Value Assessed Value
2020 $57,029 $54,598 $111,627

Home Value Compared to the Market

This property vs the competition

2686 Workman St sold on March 28, 2023 for 38.74% lower than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $346.15 per/sqft which puts the price per square foot 54.15% lower than the current median sale per square foot for the city of Los Angeles.

About 2686 Workman St

Detailed summary of property

2686 Workman St is a other that recently sold in Los Angeles, CA 90031. This property offered -- bedrooms, -- bathrooms, roughly 2,106 living square feet, and sits on an approximately 7,361 square foot lot. 2686 Workman St was first listed on ArdentRealEstateGroup.com on March 15, 2023. The homeowner sold the property for $720,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 38.74% lower than the current median priced home. Local homes that are currently for sale include 5870 Hooper Ave, 1942 W Jefferson Blvd and 665 W Florence Ave. While the average home in Los Angeles, CA is selling in 94 days, 2686 Workman St has a days on market of 34 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 2686 Workman St Los Angeles, CA 90031 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2686 Workman St

Public county record property details
Beds
1
Baths
1
Year built
--
Sq. Ft.
2,106
Lot Size
7,361
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
22
APN
5206-006-018

The source for these homes facts are from public records.

90031 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$840,000
Median List Price/Sq.Ft.
$661
Median Sold Price
$800,000
Median Sold Price/Sq.Ft.
$638
Total Inventory
34
Median Sale to List Price %
100%
Avg Days on Market
23
Loan Type
Conventional (18.18%), FHA (0%), VA (0%), Cash (36.36%), Other (18.18%)

Thinking of Selling?

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Thinking of Selling?
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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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