Lincoln Heights Multifamily Investment
For Sale
$2,525,000
1927-1933 Griffin Ave, Los Angeles, CA 90031
Griffin 15 Unit Apartment Building, Lincoln Heights Value-Add
Property Size6,764 SF
Lot Size0.23 Acres
Price / SF$373.30
Days on Market610
Property Features for 1927-1933 Griffin Ave
General Information
Standard status
Active
Property type
Multifamily properties, Residential income homes, Other residential income properties, Residential income properties, Investment properties
Size
6,764 SF
Class
C
Elevators
N/A
Lot size
0.23 Acres
Occupancy
100%
Sale Condition
1031 Exchange
Building Details
Year Built
1946
Buildings
1
Stories
2
Units
15
Listed By:
Justin Mccardle
(909) 486-2069
Added: Jan 29, 2025
Changed: Mar 16
Investment Insights
Based on property information with market context.
This 15-unit apartment building, located in the Lincoln Heights neighborhood of Los Angeles, presents a value-add opportunity. The property consists of three separate buildings totaling 6,764 square feet on a 0.23-acre lot. The unit mix includes eight one-bedroom units and seven studios. The property is currently 100% occupied and offers significant upside potential, estimated at 66% or more in rental income. Each unit has individual gas and electricity meters. On-site laundry is available for residents. Eight garage spaces offer additional income potential or the possibility of creating accessory dwelling units. The property's central location is near Downtown LA, Highland Park, the Arts District, and Dodger Stadium. The efficient layout and size allow for easy management without the need for an on-site manager. Lincoln Heights' proximity to the USC Health Sciences Campus and its blend of affordability and trendy amenities contribute to its growing popularity and strong rental market. The neighborhood also features historic landmarks like the San Antonio Winery and Lincoln Park.
Key Highlights
- Value‑Add Opportunity with 66%+/- upside in rent
- Attractive unit mix with 8- 1’s / and 7- Studios
- Individually metered for Gas/ Electricity
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,303
Businesses Nearby
Explore this area
Business Placement
Demographics for 90031, CA
37,333
Population
12,686
Households
2.9
Avg Household Size
37
Median Age
24%
College-Educated
66%
High-School Grad
3.5 sq mi
ZIP Area
10,667
Density / Sq Mi
$62,119
Median Household Income
$34,356
Median Earnings
$1,487
Median Rent
$758,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Griffin 15 Unit Apartment Building, Lincoln Heights Value-Add
Where is this multifamily property located?
The property is located at 1927-1933 Griffin Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,525,000.
What are key features of this property?
This property features: Value‑Add Opportunity with 66%+/- upside in rent; Attractive unit mix with 8- 1’s / and 7- Studios; Individually metered for Gas/ Electricity
