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1771 Albion

Lincoln Heights, CA 90031
  • $1,750,000
  • STATUS: Active
  • ON SITE: 52 Days
  • ID#: MB25242279
UPDATED: 101 min ago
$1,750,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1920
County:

School Ratings & Info

Listing Agent(s): Andrew Arenas of GEORGE MICHAEL REALTY (323-728-2111)


Description

1771 Albion St (aka 1773 Albion), Los Angeles 90031. 5-Unit Property with MAJOR TOC DEVELOPMENT POTENTIALAdjacent property at 1779 Albion St (APN 5447-026-019) is also currently for sale, creating the opportunity to combine both lots for a total of approximately 15,850 sq.ft. of land. Ideal for developers or investors seeking to build new housing projects within a Transit Oriented Community (TOC) area (buyer to verify).1771 Albion St (APN 5447-026-020) features five existing residential units on a 6,781 sq.ft. corner lot, located near Downtown LA, Chinatown, Dodger Stadium, and the LA State Historic Park (Cornfield).Excellent location next to Albion Riverside Park and close to the LA River Revitalization Corridor, with convenient access to the 5 and 110 freeways, Metro transit, and surrounding employment centers.A unique chance to acquire an income-producing property with strong future redevelopment upside in one of LAs fastest-growing areas.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-12-12T00:26:58.333. 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 deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Independent Broker Network. Licensed in the State of California, USA.
www.robynicenhowerproperties.com/homes/169068009
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1771 Albion Lincoln Heights, CA 90031

  • Price: $1,750,000
  • Status: Active
  • On Site: 52 Days
  • Updated: 101 min ago
  • ID#: MB25242279
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1920
Built
Neighborhood:
677 - Lincoln Hts
County:
Los Angeles
Area:
677 - Lincoln Hts
Property Description
1771 Albion St (aka 1773 Albion), Los Angeles 90031. 5-Unit Property with MAJOR TOC DEVELOPMENT POTENTIALAdjacent property at 1779 Albion St (APN 5447-026-019) is also currently for sale, creating the opportunity to combine both lots for a total of approximately 15,850 sq.ft. of land. Ideal for developers or investors seeking to build new housing projects within a Transit Oriented Community (TOC) area (buyer to verify).1771 Albion St (APN 5447-026-020) features five existing residential units on a 6,781 sq.ft. corner lot, located near Downtown LA, Chinatown, Dodger Stadium, and the LA State Historic Park (Cornfield).Excellent location next to Albion Riverside Park and close to the LA River Revitalization Corridor, with convenient access to the 5 and 110 freeways, Metro transit, and surrounding employment centers.A unique chance to acquire an income-producing property with strong future redevelopment upside in one of LAs fastest-growing areas.
Exterior Features

Entry Level 0 Entry Location varies Fencing Chain Link Lot Features Corner LotLevelNear Park Number Of Separate Electric Meters 4 Open Parking Spaces 2 Parking Total 2 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Roof CompositionShingle

Interior Features

Common Walls 1 Common Wall Cooling Wall/Window Unit(s) Cooling YN Yes Heating Electric Heating YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 4.6 Common Interest Community Apartment Community Features Street LightsPark Contingency Buyer to cooperate with seller 1031 tax-deferred exchange at no cost to buyer. Disclosures Flood Insurance RequiredFlood Plain DisclosureFamilial RelationRent Control Electric Expense 600 Fuel Expense 0 Garage YN No Gross Income 0 Gross Scheduled Income 125328 Insurance Expense 5539 Land Lease YN No Laundry Features See Remarks Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 Exchange Maintenance Expense 588 Net Operating Income 82672 New Construction YN No New Taxes Expense 22500 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 5 Operating Expense 36390 Other Expense 1252 Pest Control Expense 300 Possession Close Of Escrow Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityTrash Collection Total Actual Rent 10444 Trash Expense 0 Utilities Electricity ConnectedNatural Gas ConnectedWater Connected Vacancy Allowance 6266 Vacancy Allowance Rate 5 Water Sewer Expense 3918 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-12-12T00:26:58.333. 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 deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Independent Broker Network. Licensed in the State of California, USA.
 
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Robyn Graham & Associates | Independent Broker Network
1148 N. Chinowth Suite A
Visalia CA, 93291
Listing Agent(s): Andrew Arenas of GEORGE MICHAEL REALTY (323-728-2111)