2614 Griffin Avenue, Los Angeles, California 90031
- $3,880,000
- $3,880,000
Overview
- Apartment, Residential Income
- 14359 Sqft
- 1970
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
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Address: 2614 Griffin Avenue
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City: Los Angeles
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State/county: CA
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Zip/Postal Code: 90031
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Country: US
Details
Updated on May 14, 2026 at 5:39 pm-
Property ID WS26018859
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Price $3,880,000
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Property Size 14359 Sqft
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Land Area 0.3089 Acres
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Year Built 1970
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Property Type Apartment, Residential Income
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Property Status Active
Additional details
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Listing Terms 1031 Exchange
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Roof Flat
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Utilities Electricity Connected, Natural Gas Connected, Sewer Available, Water Available
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Sewer Public Sewer
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Cooling Wall/Window Unit(s)
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Heating Wall Furnace
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Flooring Tile
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County Los Angeles
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Property Type Residential Income
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Pool None
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Parking Carport, One Space, Uncovered
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Community Features Urban
Mortgage Calculator
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Down Payment
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Loan Amount
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Property Tax
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Home Insurance
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PMI
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Monthly HOA Fees