Mixed-Use Building with
For Sale
$699,999
3374 Griffin, Los Angeles, CA 90031
Ground-floor retail and storage space is paired with two upper-level residential apartments.
Property Size2,673 SF
Days on Market57
Property Features for 3374 Griffin
General Information
Standard status
Active
Size
2,673 SF
Property subtype
MULTI_FAMILY
Site & Location
Neighborhood
Cypress Park
Additional Details
Multifamily Units
2
Building Details
Building Size
2,673 SF
Year Built
1907
Buildings
1
Tenancy
Multi
Listing Agency:
GEORGE MICHAEL REALTY
Listed By:
ARMANDO ARENAS · License #01168227
(323) 697-2010
Source:
Milsteinestates
Added: Aug 31
Changed: Oct 13
Last Checked: Oct 25 at 12:02AM
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 GEORGE MICHAEL REALTY
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Investment Insights
Based on property information with market context.
This mixed-use property combines a ground-floor grocery and convenience store with additional warehouse and storage areas. Two residential apartments occupy the levels above the commercial component, creating a combination of retail, support space, and residential occupancy within one building.
Constructed in 1907, the property is located in the Lincoln Heights community of Los Angeles. Downtown Los Angeles and major transportation routes are accessible from the property, supporting its connection to the surrounding urban market. The configuration accommodates commercial operations alongside two residential units, subject to verification of zoning, permitted uses, square footage, and other property details with the appropriate authorities.
Constructed in 1907, the property is located in the Lincoln Heights community of Los Angeles. Downtown Los Angeles and major transportation routes are accessible from the property, supporting its connection to the surrounding urban market. The configuration accommodates commercial operations alongside two residential units, subject to verification of zoning, permitted uses, square footage, and other property details with the appropriate authorities.
Key Highlights
- Ground‑floor grocery and convenience store
- Additional warehouse and storage space
- Two residential apartments above the commercial area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,033
Cap Rate
8.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,240,660
$1.2M
Cap Rate 7%
$886,186
$886.2K
Cap Rate 9%
$689,256
$689.3K
Market Conditions
NOI Build-Up for 2,673 SF
Gross rent
$98.8K $36.96/SF
− Vacancy
−$10.2K −$3.81/SF
EGI
$88.6K $33.15/SF
− OpEx
−$26.6K −$9.95/SF
NOI
$62.0K $23.21/SF
Area
Los Angeles, CA
Vacancy
10.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,240,660
Cap Rate 7%
$886,186
Cap Rate 9%
$689,256
Alternative Uses
Best Use
Apartment 5plus
$47.26M
$41.35M – $55.13M
NOI $3,307,982 @ 7.0% cap · market cap 472.57%
Second Best
Specialty Retail
$1.03M
$904.9K – $1.21M
NOI $72,391 @ 7.0% cap · market cap 10.34%
Theoretical Best
Multifamily LT 5
$54.15M
$47.38M – $63.18M
NOI $3,790,736 @ 7.0% cap · market cap 541.53%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
848
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Los Angeles, CA
Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor retail and storage space is paired with two upper-level residential apartments.
Where is this mixed-use property located?
The property is located at 3374 Griffin Los Angeles, CA.
What is the asking price?
The asking price for this property is $699,999.
What are key features of this property?
This property features: Ground‑floor grocery and convenience store; Additional warehouse and storage space; Two residential apartments above the commercial area
