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1771 Albion Lincoln Heights, CA $ 1,750,000
1771 Albion
$ 1,750,000
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1771 Albion

Lincoln Heights, CA, 90031
$ 1,750,000
Baths1.0 Sq 3,128

Monthly Estimate*

$ 10,918

Listed by GEORGE MICHAEL REALTY
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Studio

Multi-Family Home for sale in Lincoln Heights, CA

for $1,750,000 with 1 full bath. This 3,128 square foot home was built in 1920 on a lot size of 0.1557.

1771 Albion St (aka 1773 Albion), Los Angeles 90031. 5-Unit Property with MAJOR TOC DEVELOPMENT POTENTIAL Adjacent 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 LA’s fastest-growing areas.

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Multi-Family Active

Price

$ 1,750,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1557

Year Built

1920

Town/City

Lincoln Heights

County/Region

Los Angeles

MLS | Web ID

MB25242279

Days on Market

63

Features
General
Sewer Public Sewer
Heating Electric
Cooling Wall/Window Unit(s)
Utilities Electricity Connected Natural Gas Connected Water Connected
Possession Close Of Escrow
Roof Composition Shingle
HOA Fee 0
Garage Spaces 0
Pool Features None
Year Built 1920
Tenant Pays Electricity Trash Collection
Stories Count 2
Levels Two
Property Subtype Apartment
Gross Income 0
Community Features Street Lights Park
County Los Angeles
Net Operating Income 82672
Operating Expense 36390
Insurance Expense 5539
New Construction 0
Property Type Residential Income
HOA 0
Contingency Buyer to cooperate with seller 1031 tax-deferred exchange at no cost to buyer.
MaintenanceExpense 588
Garage Y/N 0
Special Listing Conditions Standard
Status Active
Directions Broadway Ave turn South on Ave 18. Turn West on Albion Street to Ave 17.
City Lincoln Heights
Disclosures Flood Insurance Required Flood Plain Disclosure Familial Relation Rent Control
Entry Location varies
Senior Community Y/N 0
Open Parking Spaces 2
Number Of Units Total 5
MLS Area 677 - Lincoln Hts
Lot Size Units Square Feet
Lot Size Square Feet 6781
Number of Units Leased 5
Listing Terms 1031 Exchange
Property Attached Y/N 1
Land Lease Y/N 0
Electric Expense 600
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 3918
Additional Parcels Y/N 0
Rent Control Y/N 1
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 6
Total Actual Rent 10444
Property Sub Type Additional Apartment
Taxes 22500
Cap Rate 4.6
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Interior
Total Stories 2
Common Walls 1 Common Wall
Air Conditioning Y/N 1
Heating Y/N 1
Laundry Features See Remarks
Entry Level 0
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Exterior
Fencing Chain Link
Lot Features Corner Lot Level Near Park
Water Source Public
Total Parking 2
Lot Size Area 6781
Number of Buildings 3
Building Area Total 3128
Lot Size Acres 0.1557
Private Pool 0
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 4
Number of Separate Electric Meters 4
Road Frontage Type City Street
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* Excluded Features
List By
George Michael Realty

Broker

ARENASANDREW4@GMAIL.COM

Email

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$10,918
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Monthly Principal & Interest
$10,918
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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/20/2025$1,750,000 Listed Price

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1771 Albion, Lincoln Heights, CA, 90031 is a Multi-Family Home for sale at $1,750,000 with 3,128 sqft and a lot size of 0.1557. 1771 Albion is a studio with 1.0 baths and was built in 1920. The property's zip code is 90031 which is in Lincoln Heights, CA