Bank Owned · Residential Income · MLS# BB26060288

434 E Avenue 28

$1,125,000 · Lincoln Heights, Los Angeles, CA 90031
4Units per Assessor
3,770Lot Sq Ft
1911Year Built
REOSold As Is
Buyer Verification

Buyer to independently verify all unit configurations, permits, zoning compliance, and code status. The unit count shown on this page is the LA County Assessor record for this parcel. County assessor records and City of Los Angeles building department records may differ, and Empower makes no representation that either record matches the physical configuration of the building. No rental income figure is published on this page; Empower has not verified rents against executed leases. Confirm unit configuration, permits, zoning compliance, code status, any recorded orders or liens, and any income through your own diligence, your own advisors, and the seller's disclosure package before submitting an offer.

The Opportunity

Four units on one lot, in Lincoln Heights

434 E Avenue 28 is a 1911 residential income property in Lincoln Heights, a neighborhood of Northeast Los Angeles within the City of Los Angeles. The LA County Assessor records four units on the 3,770 square foot lot.

The property is bank owned, occupied, and offered strictly as is. This is positioned for an income investor or a value add buyer who is underwriting permitting and code work and is comfortable acquiring an occupied property. Buyers and their agents must verify the unit configuration, permits, zoning compliance, code status, rents, and occupancy through their own diligence; the seller makes no representations as to condition.

List Price
$1,125,000
Sale Type
REO, sold as is
Property Type
Residential income
Units
4 per LA County Assessor
Lot Size
3,770 SF (CRMLS)
Year Built
1911
Occupancy
Occupied
Neighborhood
Lincoln Heights
City
Los Angeles 90031
MLS#
BB26060288
Why Investors Look Here

The investor case

Buyer Verification

Unit count below is the LA County Assessor record. Buyer to independently verify all unit configurations, permits, zoning compliance, and code status; county assessor records and City of Los Angeles building department records may differ. No rental income figure is published for this property.

01

Four Units, One Parcel

The LA County Assessor records four units on a single 3,770 square foot lot. One deed and one parcel to own and manage. The legal unit configuration is for the buyer to verify with the City of Los Angeles building department.

02

1911 Character

Pre war construction with the clapboard massing and exterior stair detail typical of Lincoln Heights vintage income property.

03

Northeast LA Location

The parcel sits in Lincoln Heights, in Northeast Los Angeles, inside the City of Los Angeles at 90031. Zoning of record is [Q]RD3-1D-HCR, a multi unit residential designation, per the LADBS parcel profile report dated December 7, 2025.

04

Value Add Through Cure

Offered as is at a bank owned basis. The work a buyer underwrites here is building work: permitting, remediation, and bringing the improvements into documented compliance.

05

Occupied Today

The building is occupied with tenants in place. Empower has not verified rents against executed leases, so no income figure is published; a buyer underwrites income from the seller's disclosure package and their own diligence.

06

REO Disposition

A bank owned seller motivated to close. Cash and fast close offers with proof of funds are viewed favorably. Clean, direct, broker facilitated.

How The Sale Works

REO purchase, plainly stated

What buyers should know

  • The property is bank owned (REO) and sold strictly as is, where is. The seller makes no repairs and does not warrant condition.
  • The property is occupied with tenants in place. Buyers take the property subject to all existing tenancies. The LADBS parcel profile reports this parcel as subject to the City of Los Angeles Rent Stabilization Ordinance, and Just Cause protections apply. A buyer assumes the obligations of a rental property owner under those ordinances from the date of closing, and should confirm the full scope of those obligations with their own legal counsel before submitting an offer.
  • There is no interior access. Do not disturb the occupants. Buyers underwrite from the exterior, the MLS record, and the seller's disclosure package.
  • Unit count is the LA County Assessor record. Buyer to independently verify all unit configurations, permits, zoning compliance, and code status. County assessor records and City of Los Angeles building department records may differ, and Empower makes no representation that either record matches the physical configuration of the building.
  • Obtain the seller's disclosure package and independently verify permits, code status, and any recorded orders or liens against the property before submitting an offer.
  • No rental income figure is published for this property. Empower has not verified rents against executed leases, so any income assumption is the buyer's to underwrite.
  • Cash and fast close offers are viewed favorably in REO dispositions. Proof of funds accompanies any offer.
  • Contact the listing broker for offer instructions, disclosures, and occupancy detail.
For Investors

This is one asset. See the whole pipeline.

Empower manages a recurring inventory of bank owned assets across Southern California. Registered investors see what is coming to market before it lists and get the first call on assets matching their criteria.

Inquire

Offers and diligence

Contact the listing broker for offer instructions, disclosures, and occupancy detail. The property is occupied and there is no interior access.

ES
Ed Sanchez
Broker / Owner · Empower Real Estate
DRE #01293683 · (818) 848-3637
ed@empowerburbank.com
×434 E Avenue 28