12
See all 12 photos
$2,329,000
Est. payment /mo
9,901 Sqft Lot
Price Dropped by $196K
1927 Griffin AVE Los Angeles, CA 90031
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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
Lease Land No
Listed by Justin McCardle • Growth Investment Group Pasade • 310-606-0192
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