1927 Griffin Ave Los Angeles, CA 90031
15-unit apartment building with significant rental upside potential.
Lot size:
0.23 AcresProperty Features for 1927 Griffin Ave
General Information
- Lot size
- 0.23 Acres
Building Details
- Year built
- 1946
Source:
Kw
Listing Agency: Keller Williams Realty Los Feliz
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Lincoln Heights Multifamily Investment Opportunity
This 15-unit apartment building is located in the Lincoln Heights neighborhood of Los Angeles. The property consists of 8 one-bedroom units and 7 studios, situated in 3 separate buildings. There is an estimated 66% upside in rent. The rear building is located above garages, presenting the opportunity to earn additional garage income or create value with ADUs (buyer to verify). The property's layout and size allow for ease of management, and there is no on-site manager. All units are individually metered for gas and electricity, and the property has on-site laundry. Lincoln Heights' proximity to DTLA allows for upside in rents and appreciation. The property has an attractive price per unit and substantial upside.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.21178
- Latitude
- 34.0669
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 15-unit apartment building with significant rental upside potential.
Where is this apartment building located?
The property is located at 1927 Griffin Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: - Significant rental upside (estimated 66%); - Value-add opportunity in a desirable Los Angeles location (Lincoln Heights); - Favorable unit mix: 8 one-bedroom units and 7 studios