Request More Info
Schedule a Showing
Share
Print
|
Marcus & Millichap presents 2218 Eastlake Avenue, a six-unit multifamily investment opportunity located in the heart of Lincoln Heights, one of Los Angeles' most historic and rapidly evolving neighborhoods. With 5,495 square-feet of livable space spanning a 9,893-square-foot lot, the property features an ideal unit mix of four (4) two-bedroom and two (2) three-bedroom units. With current rents offering approximately 41% upside potential, investors have a compelling opportunity to significantly increase cash flow as units turn over. Additionally, a structure located along the alley currently used for storage presents the potential for conversion to one or more Accessory Dwelling Units (ADUs), creating an opportunity for immediate value-add and increased rental income. Situated near the USC Health Sciences Campus, 2218 Eastlake Avenue is strategically positioned between two transformative mixed-use developments, benefiting from the ongoing revitalization of Lincoln Heights. To the south, The Brine at 3016 N. Main Street offers 97 affordable and permanent supportive housing units, along with 28,000 square feet of ground-floor commercial space designed to serve the local community. To the north, Avenue 34 at 141 N. Avenue 34 is a five-acre, transit-oriented development featuring 468 residential units - 66 of which are designated as very low-income and 16,000 square feet of retail space, all within walking distance of the Metro A Line's Heritage Square Station. With its prime location, significant rental upside, and proximity to major developments, 2218 Eastlake Avenue presents a rare opportunity to invest in a neighborhood poised for substantial growth and long-term value appreciation.
Property Type(s):
Residential Income
| Last Updated | 5/19/2025 | Year Built | 1938 |
|---|---|---|---|
| Community | Lincoln Hts | Garage Spaces | 5.0 |
| County | Los Angeles |
Additional Details
| APPLIANCES | Disposal, Refrigerator, Washer |
|---|---|
| AREA | Lincoln Hts |
| GARAGE | Covered, Uncovered, Yes |
| HEAT | None |
| LOT | 9893 sq ft |
| LOT DIMENSIONS | 60x165 |
| PARKING | Covered,Uncovered |
| POOL DESCRIPTION | None |
| STORIES | 2 |
| ZONING | LARD3 |
Location
Contact us about this Property
| / | |
| We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Carie Webber to contact you even if your name is on a Federal or State "Do not call List". | |
Listed with Marcus & Millichap
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2025.
Twitter
Facebook
Email