1927 Griffin Avenue, Los Angeles, CA 90031

  • $2,329,000
  • $2,525,000
1927 Griffin Avenue, Los Angeles, CA 90031
Active
1927 Griffin Avenue, Los Angeles, CA 90031
1927 Griffin Avenue, Los Angeles, CA 90031
  • $2,329,000
  • $2,525,000

Description

Take a look at this! 15-unit VALUE-ADD apartment building centrally located in the Lincoln Heights neighborhood of Los Angeles. The Griffin apartments have a nice unit mix with 8-1 bedrooms units, and 7 studios situated in 3 separate buildings with an estimated 66% upside in rent. The rear building is located above garages which presents the opportunity to earn additional garage income or create significant value with ADU’s (buyer to verify). The properties attractive layout and size create for an ease of management as well as no on-site manager. All units are individually metered for Gas/ Electricity and the property has onsite laundry. With Lincoln Heights’ proximity to DTLA, it allows for tremendous upside in rents and appreciation. This building has an attractive price per unit, and substantial upside, will be a great addition to any portfolio!

  • Address 1927 Griffin Avenue
  • City Los Angeles
  • State/county CA
  • Zip/Postal Code 90031
  • Country US

Details

Updated on June 23, 2025 at 8:18 pm
  • Property ID: AR25026296
  • Price: $2,329,000
  • Property Size: 6764 Square Feet
  • Land Area: 0.2273 Acres
  • Garages: 8.0
  • Garage Size: x x
  • Year Built: 1946
  • Property Type: Residential Income, Apartment
  • Property Status: Active

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  • Hoyt Hochman