Lincoln Heights Multifamily ADU
For Sale
Contact for pricing
2713 Darwin Ave, Los Angeles, CA 90031
Multifamily property with ADU potential in an Opportunity Zone.
Property Size2,967 SF
Lot Size0.17 Acres
Price / SF$269.30
Days on Market1867
Property Features for 2713 Darwin Ave
General Information
Standard status
Active
Size
2,967 SF
Class
C
Total Parking Spaces
8
Lot size
0.17 Acres
Property subtype
Multifamily
Zoning
LARD2
Occupancy
100%
Investment Type
Value Add
Net Operating Income
$24,698
Building Details
Year Built
1913
Units
4
Listing Agency:
Centennial Advisers
Listed By:
Edan Shalom · License #CA BR02033047
(213) 261-4944
Source:
Crexi
Added: Jul 29, 2021
Changed: Aug 25
Last Checked: Sep 7 at 11:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Centennial Advisers
Investment Insights
Based on property information with market context.
Located in historic Lincoln Heights, this two-story multifamily property offers a compelling development opportunity with the potential to build four detached Accessory Dwelling Units (ADUs) as allowed per SB 1211. The property, situated on a 7,407 square foot lot, features 2,967 square feet of living space. The lot provides ample room for parking and the addition of outdoor amenities. The property is positioned minutes from Downtown Los Angeles, USC Medical Center, Dodger Stadium, and LA State Historic Park. Its location provides residents with convenient access to the 110, 10, and 1-5 freeways, as well as proximity to major employment and education centers, including nearby schools like Lincoln High School and Griffin Elementary. The existing tenant base benefits from a central, connected location in one of LA's most enduring neighborhoods, attracting long-term renters seeking affordability near the city core. The property remains consistently occupied due to walkable amenities and strong rental demand. Once the ADUs are completed, the asset is projected to deliver over a 5% CAP rate, or a 7.2% CAP with the existing four units being marked to market rents.
Key Highlights
- ADU Potential: Opportunity to build 4 detached ADUs per SB 1211.
- Opportunity Zone: Located in a qualified Opportunity Zone.
- Value‑Add Play: Potential to increase CAP rate with ADUs or by marking existing units to market rents.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,052
Businesses Nearby
Explore this area
Business Placement
Demographics for 90031, CA
37,333
Population
12,686
Households
2.9
Avg Household Size
37
Median Age
24%
College-Educated
66%
High-School Grad
3.5 sq mi
ZIP Area
10,667
Density / Sq Mi
$62,119
Median Household Income
$34,356
Median Earnings
$1,487
Median Rent
$758,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Multifamily property with ADU potential in an Opportunity Zone.
Where is this multifamily property located?
The property is located at 2713 Darwin Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: ADU Potential: Opportunity to build 4 detached ADUs per SB 1211.; Opportunity Zone: Located in a qualified Opportunity Zone.; Value‑Add Play: Potential to increase CAP rate with ADUs or by marking existing units to market rents.
