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2221 Griffin Ave
Los Angeles, CA 90031 Lincoln Heights

$1,475,000 USD

Apartments For Sale  •  4,644 SF

Property Details

  • Property Type Apartments
  • Total Building Size 4,644 SF
  • Lot Size 0.18 AC
  • Building Class C
  • Year Built 1947
  • Cap Rate 6.73 %
  • Zoning LARD3-HPOZ
70 Transit Score
70 Walk Score

Highlights

Strategic Lincoln Heights Location: Situated in one of Los Angeles' fastest-growing submarkets, minutes from DTLA and the USC Health Sciences Campus.
Diverse Multi-Family Unit Mix: Features a six-unit composition consisting of (3) 1-Bedroom/1-Bath, (2) 2-Bedroom/1-Bath, and (1) 3-Bedroom/1.5-Bath.
Expansive 8,000+ SF Lot (LARD3-HPOZ): A generous 0.18-acre lot provides ample on-site parking for tenants.
Superior Connectivity: Exceptional access to the 110 and 5 Freeways and major employment hubs in Central LA and DTLA.
Immediate Cash Flow: Strong rents with one vacancy allowing for immediate upside.
Property Characteristics: Features two buildings with 3 units each individually metered for gas and electricity.

Property Flyers

Financial Summary (Actual)

Net Operating Income: $103,785 USD (2025)
Cap Rate: 6.73 %
Total Expenses: $47,535 USD

Amenities

  • Air Conditioning
  • Fenced Lot
  • Washer/Dryer
  • Tub/Shower

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)) 7 min - 2.4 mi
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak) 5 min - 2.5 mi
Transit/SubwayDriveWalkDistance
Lincoln Heights/Cypress Park Station (Gold Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 20 min 1.1 mi
AirportDriveWalkDistance
Bob Hope 22 min - 15.7 mi
Los Angeles International 30 min - 18.8 mi
Long Beach (Daugherty Field) 32 min - 22.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 8
Type: Surface
Included in Rent: Yes
Jonathan Hasbun 626-808-1031 Pivot Commercial
Jonathan Hasbun 626-808-1031 Pivot Commercial