List Search

1927-1933 Griffin Ave
Los Angeles, CA 90031 Lincoln Heights

$2,250,000 USD

Apartments For Sale  •  6,764 SF

Property Details

  • Property Type Apartments
  • Total Building Size 6,764 SF
  • Lot Size 0.23 AC
  • Building Class C
  • Year Built 1946
  • Cap Rate 4.46 %
  • Zoning RD2, Los Angeles
60 Transit Score
83 Walk Score

Highlights

Value-Add Opportunity with 66%+/- upside in rent
8 Garage Spaces with possible ADU potential (buyer to verify)
Attractive unit mix with 8- 1’s / and 7- Studios
15 units- no on-site manager required
Less than 1 mile to USC Medical School and Keck Medicine

Property Flyers

Financial Summary (Actual)

Net Operating Income: $82,872 USD (2024)
Cap Rate: 4.46 %

Major Tenants

Tenant SF Occupied Lease End Date
Positive Investments - Griffin Apartments

Amenities

  • Air Conditioning
  • Laundry Facilities
  • Heating
  • Kitchen
  • Refrigerator
  • Range

Public Transportation

Commuter RailDriveWalkDistance
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 6 min - 2.1 mi
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak) 5 min - 2.3 mi
AirportDriveWalkDistance
Bob Hope 22 min - 16.0 mi
Los Angeles International 30 min - 18.3 mi
Long Beach (Daugherty Field) 32 min - 21.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 4
Type: Surface
Included in Rent: Yes
Justin McCardle 310-606-0192 Growth Investment Group California
Justin McCardle 310-606-0192 Growth Investment Group California