1927 Griffin Avenue, Los Angeles, CA 90031

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Glen Henderson

[email protected] +1(619) 889-7646

$2,329,000

Est. payment - /mo

1 Bed

2 Baths

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR25026296

Bedrooms 1

Property Sub-Type Res Income 2-4 Units

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 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!

Location

State CA

County Los Angeles

Zoning Assessor

Direction South of Broadway on Griffin

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Tax ID 5210012012

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Listed by Justin McCardle Growth Investment Group Pasade

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

1927 Griffin Avenue Los Angeles, CA 90031

Glen Henderson

Key Details

Location

Interior

Exterior

Building

Others

Get More Information