1927 Griffin Avenue, Los Angeles, CA 90031 - MLS#AR25026296

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Arash Rokni

arash@roknigroup.com +1(619) 762-0777

$2,329,000

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 AR25026296

Bedrooms 1

HOA Y/N No

Lot Size 9,902 Sqft

Property Sub-Type Res Income 2-4 Units

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 ADUs (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!
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 ADUs (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 Los Angeles (90031)

Zoning Assessor

Building

Lot Description Sidewalks

Story 2

Lot Size Range 7500-10889 SF

Others

Monthly Total Fees $125

Acceptable Financing Cash

Space Rent $967

Listing Terms Cash

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Listed by Justin McCardle • Growth Investment Group Pasade

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Arash Rokni

REALTOR® | CADRE# 02005305

+1(619) 762-0777 | arash@roknigroup.com

San Diego Communities

1927 Griffin Avenue Los Angeles, CA 90031

Arash Rokni

Key Details

Location

Building

Others

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