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Glen Henderson

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

$2,100,000

Est. payment - /mo

1 Bed

2 Baths

9,902 Sqft Lot

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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 AR26172939

Bedrooms 1

Lot Size 9,902 Sqft

Property Sub-Type Res Income 2-4 Units

Type of Financing Cash

Property Type Res Income 2-4 Units

Property Description

Take a look at this this unique opportunity positioned in the heart of Lincoln Heights. One of Los Angeles' fastest-evolving urban neighborhoods, this 15-unit apartment community presents investors with an exceptional opportunity to acquire a well-located multifamily asset in a high-demand rental corridor. Situated just minutes from Downtown Los Angeles, the property benefits from strong tenant demand driven by its proximity to major employment centers, transportation hubs, educational institutions, and ongoing neighborhood revitalization. This building offers investors the opportunity to capitalize in a submarket experiencing increasing investment activity and redevelopment. The Griffin apartments have a nice unit mix with 8-1 bedrooms units, and 7 studios situated in 3 separate buildings with an estimated 48% upside in rent. The rear building is located above garages which presents the opportunity to earn additional garage income or take advantage of the plans to build 3- ADUs the existing ownership has! 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! Whether operated as a stable income-producing asset or repositioned through strategic unit upgrades, the property presents significant potential for revenue enhance

Location

State CA

County Los Angeles

Zoning Assessor

Direction South of Broadway and North of Main

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 5210012012

Acceptable Financing Cash

Listing Terms Cash

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Listed by Justin McCardle, DRE#01895720 Growth Investment Group Pasade

Nearby School & Business

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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

Nearby School & Business

Get More Information