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

Overview

Property ID: WS26018859
  • Apartment, Residential Income
  • Property Type
  • 14359 Sqft
  • Area Size
  • 1970
  • Year Built

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 Apartment, Residential Income
  • 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

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