1927 Griffin Avenue, Los Angeles, CA 90031
Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
1927 Griffin Avenue,Los Angeles, CA 90031
$2,100,000
- - Beds
- - Baths
- 6,764 sq. ft.
- Multi-family
- Active
Listed by: justin mccardle
Office: growth investment group pasade626-594-4900
MLS#:AR26172939
Source:CRMLS
Price summary
- Price:$2,100,000
- Price per sq. ft.:$310.47
About this home
Take a look at this this unique opportunity positioned in the heart of Lincoln Heights. One of Los Angeles' fastest-evolving urban neighborhoods, this 15-unit apartment community presents investors with an exceptional opportunity to acquire a well-located multifamily asset in a high-demand rental corridor. Situated just minutes from Downtown Los Angeles, the property benefits from strong tenant demand driven by its proximity to major employment centers, transportation hubs, educational institutions, and ongoing neighborhood revitalization. This building offers investors the opportunity to capitalize in a submarket experiencing increasing investment activity and redevelopment.
The Griffin apartments have a nice unit mix with 8-1 bedrooms units, and 7 studios situated in 3 separate buildings with an estimated 48% upside in rent. The rear building is located above garages which presents the opportunity to earn additional garage income or take advantage of the plans to build 3- ADU’s the existing ownership has! 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! Whether operated as a stable income-producing asset or repositioned through strategic unit upgrades, the property presents significant potential for revenue enhancement and long-term appreciation.
Lincoln Heights continues to attract residents seeking affordable alternatives to Downtown, Echo Park, and Highland Park while remaining connected to the region's economic core. The property's central location provides convenient access to the I-5, I-10, 101, and 110 freeways, as well as Metro transit services, creating a compelling advantage for commuters and working professionals....
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Home facts
- Year built:1946
- Listing ID #:AR26172939
- Added:1 day(s) ago
- Updated:August 07, 2026 at 08:26 PM
Rooms and interior
- Living area:6,764 sq. ft.
Structure and exterior
- Year built:1946
- Building area:6,764 sq. ft.
- Lot area:0.23 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$2,100,000
- Price per sq. ft.:$310.47
Features and amenities
- Laundry features:Common Area
Parking
- Total parking spaces:8
- Parking description:Driveway
- Garage:Yes
- Garage spaces:8
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