2614 Griffin Avenue, Los Angeles, California 90031

  • $3,880,000
2614 Griffin Avenue, Los Angeles, CA 90031
Active
2614 Griffin Avenue, Los Angeles, California 90031
2614 Griffin Avenue, Los Angeles, CA 90031
  • $3,880,000

Description

Don’t miss this rare opportunity to acquire a stable income-producing property with significant upside. This 24-unit apartment building is located in the prime Lincoln Heights area and consists entirely of one-bedroom, one-bath units in a classic courtyard-style layout. The elevator-served building is easily convertible to senior living use and is situated in a high-demand rental market with a very low vacancy rate. Major capital improvements have already been completed, including a full seismic retrofit and a recently replaced roof. The property offers a low cost per unit and is first time on market in over 20 years. Existing assumable loan with an attractive 3% interest rate. Approximately 40% rent upside while maintaining in-place stable income, this is an exceptional value-add investment opportunity.

  • Address 2614 Griffin Avenue
  • City Los Angeles
  • State/county CA
  • Zip/Postal Code 90031
  • Country US

Details

Updated on May 14, 2026 at 5:39 pm
  • Property ID: WS26018859
  • Price: $3,880,000
  • Property Size: 14359 Sqft
  • Land Area: 0.3089 Acres
  • Year Built: 1970
  • Property Type: Residential Income, Apartment
  • Property Status: Active

Additional details

  • Listing Terms: 1031 Exchange
  • Roof: Flat
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Available, Water Available
  • Sewer: Public Sewer
  • Cooling: Wall/Window Unit(s)
  • Heating: Wall Furnace
  • Flooring: Tile
  • County: Los Angeles
  • Property Type: Residential Income
  • Pool: None
  • Parking: Carport, One Space, Uncovered
  • Community Features: Urban

Contact Information

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Hoyt Hochman

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  • Hoyt Hochman