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$ 3,880,000
Est. payment /mo
Active
2614 Griffin Avenue Los Angeles, CA 90031
1 Bed
1 Bath
0.31 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID WS26018859
Bedrooms 1
Lot Size 0.309 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Dont 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.
Location
State CA
County Los Angeles
Zoning Public Rec
Direction North of Broadway
Interior
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Building
Story 3
Level or Stories 3
Others
Senior Community No
Tax ID 5206009017
Acceptable Financing Exchange
Listing Terms Exchange
Listed by ANDY DENG, DRE#01297692 DENGO INVESTMENT INC.
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