About 1927 Griffin Avenue
Take a look at this! 15-unit VALUE-ADD apartment building centrally located in the Lincoln Heights neighborhood of Los Angeles. The Griffin apartments have a nice unit mix with 8-1 bedrooms units, and 7 studios situated in 3 separate buildings with an estimated 66% upside in rent. The rear building is located above garages which presents the opportunity to earn additional garage income or create significant value with ADUs (buyer to verify). The properties attractive layout and size create for an ease of management as well as no on-site manager. All units are individually metered for Gas/ Electricity and the property has onsite laundry. With Lincoln Heights proximity to DTLA, it allows for tremendous upside in rents and appreciation. This building has an attractive price per unit, and substantial upside, will be a great addition to any portfolio!
Features of 1927 Griffin Avenue
| MLS® # | AR25026296 |
|---|---|
| Price | $2,250,000 |
| Bedrooms | 1 |
| Bathrooms | 2.00 |
| Acres | 0.23 |
| Type | Residential Income |
| Sub-Type | Res Income 2-4 Units |
| Status | Active Under Contract |
Community Information
| Address | 1927 Griffin Avenue |
|---|---|
| Area | LOS ANGELES (90031) |
| City | Los Angeles |
| County | Los Angeles |
| State | CA |
| Zip Code | 90031 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
| Pool | N/K |
Interior
| Fireplace | Yes |
|---|
Exterior
| Lot Description | Sidewalks |
|---|
Additional Information
| Date Listed | February 4th, 2025 |
|---|---|
| Days on Market | 249 |
| Zoning | Assessor |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Growth Investment Group Pasade |
|---|