CA > Los Angeles
Los Angeles, CA 90031,1927 Griffin Avenue
Los Angeles, CA 90031,1927 Griffin Avenue
Los Angeles, CA 90031,1927 Griffin Avenue
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Paul Ward

Paul Ward

+1(805) 479-5004
Listed by Justin McCardle • Growth Investment Group Pasade
$2,329,000
Est. payment /mo
6,764 SqFt
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UPDATED:

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

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agent

Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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