2221 Griffin Ave Los Angeles, CA 90031
Six-unit property with versatile unit mix and convenient location.
Lot size:
0.18 AcresProperty Features for 2221 Griffin Ave
General Information
- Property type
- Commercial
- Standard status
- Active
- Lot size
- 0.18 Acres
Building Details
- Year built
- 1947
Source:
Elliman
Listing Agent: Jonathan Hasbun
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Lincoln Heights Multifamily Investment Opportunity
This multifamily property is centrally located in Lincoln Heights, Los Angeles. Constructed in 1947, the property consists of two separate buildings with a total rentable area of 4,644 square feet, situated on an 8,014 square foot lot. The property features six units with a mix of 1, 2, and 3-bedroom layouts. Each unit is individually metered, and on-site parking is available for tenants. Recent updates to two units include new plumbing, electrical, AC, and washer/dryer hookups. The property offers stabilized income and potential for owner occupancy, as the 3-bedroom unit is currently available. The rear building is adjacent to an alleyway, providing a separate rear lot used for extra parking, storage, and tenant access. Residents benefit from the property's proximity to Chinatown, Downtown Los Angeles (DTLA), and Dodger Stadium. Nearby dining options include Moo's Craft Barbecue, La Monarca Bakery and Cafe, and King Taco, all located on Broadway and within walking distance. Direct access to the 5, 110, and 2 Freeways, along with nearby bus transit, provides efficient connectivity to the greater Los Angeles area. The property is zoned LARD3-1-HPOZ and is located within a Historical Preservation and Opportunity Zone.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.212
- Latitude
- 34.07083
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FAQs
What type of property is this?
Apartment building - Six-unit property with versatile unit mix and convenient location.
Where is this apartment building located?
The property is located at 2221 Griffin Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: - Stabilized income-generating 6-unit multifamily property with a versatile mix of 1, 2, and 3-bedroom units.; - Centrally located in Lincoln Heights with convenient access to Chinatown, DTLA, and Dodger Stadium.; - Investor-friendly with potential for owner occupancy with a 3-bedroom unit available.
