1927 Griffin Avenue, Los Angeles, CA, 90031

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$2,100,000
43 Days On Site

1927 Griffin Avenue
Los Angeles, CA 90031

For Sale|Apartment|Active
0
Beds
0
Total Baths
6,764
SqFt
$310
/SqFt
1946
Built
County:
Los Angeles
Listed by Justin McCardle of Growth Investment Group Pasade justin@growthinvestmentgroup.com
Call Now: 951-203-4426
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951-203-4426
1927 Griffin Avenue1927 Griffin Avenue1927 Griffin Avenue1927 Griffin Avenue
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Monthly Payment (Est.)

$9,581
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Take a look at this this unique opportunity positioned in the heart of Lincoln Heights. One of Los Angeles' fastest-evolving urban neighborhoods, this 15-unit apartment community presents investors with an exceptional opportunity to acquire a well-located multifamily asset in a high-demand rental corridor. Situated just minutes from Downtown Los Angeles, the property benefits from strong tenant demand driven by its proximity to major employment centers, transportation hubs, educational institutions, and ongoing neighborhood revitalization. This building offers investors the opportunity to capitalize in a submarket experiencing increasing investment activity and redevelopment. The Griffin apartments have a nice unit mix with 8-1 bedrooms units, and 7 studios situated in 3 separate buildings with an estimated 48% upside in rent. The rear building is located above garages which presents the opportunity to earn additional garage income or take advantage of the plans to build 3- ADU’s the existing ownership has! 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! Whether operated as a stable income-producing asset or repositioned through strategic unit upgrades, the property presents significant potential for revenue enhancement and long-term appreciation. Lincoln Heights continues to attract residents seeking affordable alternatives to Downtown, Echo Park, and Highland Park while remaining connected to the region's economic core. The property's central location provides convenient access to the I-5, I-10, 101, and 110 freeways, as well as Metro transit services, creating a compelling advantage for commuters and working professionals.

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Listing Snapshot
Price 
$2,100,000
Days On Site 
43 Days
Bedrooms 
N/A
Inside Area (SqFt) 
6,764 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.2273 Acres
Year Built 
1946
MLS® Number 
AR26172939
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a month agoListing first seen on site
a month agoListing updated with changes from the MLS®
General Features
Acres 
0.2273
Garage 
Yes
Garage Spaces 
8
Land Lease 
No
Number Of Stories 
2
Parking 
DrivewayNone
Parking Spaces 
8
Property Sub Type 
Apartment
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
6764
Water Source 
Public
Interior Features
Laundry Features 
Common Area
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Exterior Features
Pool Features 
None
Waterfront Features 
Lake
Community Features
Community Features 
Lake
MLS Area 
677 - Lincoln Hts
Financing Terms Available 
Cash
Building Access 
Street


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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