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!
Property Details
Price:
$2,525,000
MLS #:
AR25026296
Status:
Active
Baths:
0
Address:
1927 Griffin Avenue
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
677lincolnhts
City:
Los Angeles
Listed Date:
Feb 4, 2025
State:
CA
ZIP:
90031
Lot Size:
9,902 sqft / 0.23 acres (approx)
Year Built:
1946
See this Listing
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Schools
Interior
Exterior
Community Features
Sidewalks, Urban
Garage Spaces
8.00
Lot Features
Lot 6500-9999
Parking Features
Garage
Parking Spots
8.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Map
Community
- Address1927 Griffin Avenue Los Angeles CA
- Area677 – Lincoln Hts
- CityLos Angeles
- CountyLos Angeles
- Zip Code90031
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1927 Griffin Avenue
Los Angeles, CA
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