Lincoln Heights Multifamily Investment
For Sale
$1,475,000
Pending
2221 Griffin Avenue, Los Angeles, CA 90031
Six-unit property with versatile unit mix and convenient location.
Property Size4,644 SF
Lot Size0.18 Acres
Days on Market245
Property Features for 2221 Griffin Avenue
General Information
Standard status
Pending
Size
4,644 SF
Total Parking Spaces
8
Lot size
0.18 Acres
Property subtype
Residential Income / Res Income 2-4 Units
Zoning
Assessor
Net Operating Income
$100,980
Site & Location
Neighborhood
Lincoln Heights
Building Details
Year Built
1947
Buildings
2
Units
6
Listing Agency:
Pivot Commercial Group
Listed By:
Jonathan Hasbun · License #02254602
(626) 808-1031
Source:
Compass
Added: Feb 24
Changed: Oct 27
Last Checked: Oct 26 at 7:20PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pivot Commercial Group
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Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
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Location Intelligence
Trade Area within ½ mile
2,912
Businesses Nearby
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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
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Market
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Frequently Asked Questions
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 Avenue Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,475,000.
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.
