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!
Sewer: Public Sewer
Water Source: Public
# of Garage Spaces: 8.00
# of Parking Spaces: 8.00
Lot Features: Lot 6500-9999
Number Of Buildings: 3
Parcel Identification Number: 5210012012
Year Built Source: Assessor
Common Walls: 2+ Common Walls
Laundry Features: Common Area
Laundry: Has Laundry
Zoning: LARD2
MLSAreaMajor: 677 - Lincoln Hts
Street Address: 1927 Griffin Avenue
City: Los Angeles
State: California
Postal Code: 90031
County: Los Angeles
MLS Number: AR25026296
Year Built: 1946
Courtesy of Growth Investment Group Pasade
City: Los Angeles
State: California
Postal Code: 90031
County: Los Angeles
MLS Number: AR25026296
Year Built: 1946
Courtesy of Growth Investment Group Pasade
Courtesy of The Beverly Hills Estates
