Homes for sale - 1927 Griffin AVE, Los Angeles, CA 90031

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JLee Broker

[email protected] +1(650) 857-1000

Listed by Justin McCardle • Growth Investment Group Pasade

$2,329,000

Est. payment - /mo

9,902 Sqft Lot

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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRAR25026296

Year Built 1946

Lot Size 9,902 Sqft

Source California Regional MLS

Property Description

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 ADU's (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!

Location

State CA

County Los Angeles

Area 677 - Lincoln Hts

Interior

Laundry Laundry Area

Exterior

Parking Features Garage

Garage Spaces 8.0

Pool None

Building

Water District - Public

Others

Tax ID 5210012012

Special Listing Condition Not Applicable

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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1927 Griffin AVE Los Angeles, CA 90031

JLee Broker

Key Details

Location

Interior

Exterior

Building

Others

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