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Listed by Justin McCardle • Growth Investment Group Pasade
$2,329,000
Est. payment /mo
6,764 SqFt
Price Dropped by $196K
1927 Griffin Avenue Los Angeles, CA 90031
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Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 6,764 sqft
Price per Sqft $344
MLS Listing ID AR-25026296
Year Built 1946
Lot Size 9,902 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 Heights
Zoning LARD2
Interior
Laundry Common Area
Exterior
Parking Features Garage
Garage Spaces 8.0
Pool None
Community Features Sidewalks, Urban
Building
Lot Description Lot 6500-9999
Sewer Public Sewer