$ 2,329,000
-
$2,329,000
Price -
1
Bed -
2
Bath -
6,764
SqFt
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About the Listing 31317 - AR42133
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!
Listing Highlights for 1927 Griffin Ave
Status
Active
Days on Site
213
Property Type
Multi-Family
MLS ®
AR25026296
Year Built
1946
Total Square Footage
6,764
Lot/Acreage
0.23
County
Los Angeles
Area
677 - Lincoln Hts
Interior Details
- Bedrooms: 1
- Bathrooms: 2 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Lot 6500-9999,No Land Lease
- Garage Capacity: 8 car
- Parking Spaces: 8
- Zoning: LARD2
- Roof:
- Others: 2+ Total Units
- Sewer: Public Sewer
- Parking Features: Garage
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5210012012
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
1927 Griffin Ave Los Angeles, CA 90031
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