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

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David Burchell

david@burchellhometeam.com +1(559) 234-2579

$2,525,000

Est. payment - /mo

9,901 Sqft Lot

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UPDATED:

02/05/2025 05:27 AM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR25026296

HOA Y/N No

Year Built 1946

Lot Size 9,901 Sqft

Property Sub-Type Apartment

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

Zoning LARD2

Interior

Fireplace No

Laundry Common Area

Exterior

Parking Features Garage

Garage Spaces 8.0

Garage Description 8.0

Pool None

Community Features Sidewalks, Urban

Total Parking Spaces 8

Private Pool No

Building

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5210012012

Energy Description 1729.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

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Listed by Justin McCardle • Growth Investment Group Pasade • 310-606-0192

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David Burchell

+1(559) 234-2579

Team Leader & Realtor | License ID: #02033130

Team Leader & Realtor License ID: #02033130

1927 Griffin AVE Los Angeles, CA 90031

David Burchell

Key Details

Location

Interior

Exterior

Building

Others

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