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

$2,100,000 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 5.47 %
  • Zoning RD2, Los Angeles
80 Transit Score
80 Walk Score

Highlights

Value-Add Opportunity with 48% +/- rental upside and attractive unit mix with 8-1’s and 7- Studios
8 Garages with Plans for 3-ADU’s in the existing Garages with opportunity to bring CAP +7%
15 units for ease of management and no on-site manager required & Individually metered for Gas / Electricity
Less than 1 mile to Keck Medicine at USC and USC Medical School

Property Flyers

Financial Summary (Actual)

Net Operating Income: $114,815 USD (2025)
Cap Rate: 5.47 %
Total Expenses: $92,644 USD

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)) 5 min - 1.9 mi
5 min - 2.0 mi
AirportDriveWalkDistance
Bob Hope 23 min - 16.0 mi
Los Angeles International 31 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