1927 Griffin Avenue, Los Angeles, CA 90031 - Berkshire Hathaway HomeServices California Properties

1927 Griffin Avenue, Los Angeles, CA 90031

$2,329,000 Approx. USD 0 beds, 0 baths

Reduced by $196,000 on 5/8/2025

Listing Agent


Justin McCardle | justin@growthinvestmentgroup.com
Lic#: 01895720
Broker: Courtesy of Growth Investment Group Pasade

Agent Remarks

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!

Listing Details

Property type: Apartment (Multi-Family)
Status: Active
MLS# AR25026296
List price is $2,329,000 Reduced by $196,000 on 5/8/2025
Price: $2,329,000
Beds: 0
Baths: 0
Built in 1946
0.23 acres
Lot size: 0.2273
County: Los Angeles
Zoning: LARD2
Parking description: Garage
MLS area: 677 - Lincoln Hts

Last Updated: 5/8/2025

 Days On Market (DOM): 95

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This listing belongs to the 677 - Lincoln Hts MLS area

Lat/Long: 34.066958, -118.212016.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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