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2614 Griffin Ave
Los Angeles, CA 90031 Montecito Heights

$3,880,000 USD

Apartments For Sale • 14,359 SF

Property Details

Property Type Apartments
Total Building Size 14,359 SF
Lot Size 0.31 AC
Building Class C
Year Built 1970
Cap Rate 4.57 %
Zoning LARD3

70 Transit Score

70 Walk Score

                
                    Highlights
                
                                All one-bedroom, one-bath units with 19 parking spaces. 
                            
                                Elevator building; easily convertible to senior living units. 
                            
                                Seismic retrofit completed and new roof installed
                            
                                Significant value-add opportunity with over 40% rent upside
                            
                                Existing assumable loan with an attractive 3% interest rate. 
                            
                                Prime Lincoln Heights location with strong tenant demand.  First time on the market in over 20 years.

Financial Summary (Actual)

Net Operating Income: $180,866 USD (2025)

Cap Rate:	4.57 %
Total Expenses:	$178,822 USD

Amenities

Balcony
Laundry Facilities
Gated
Heating
Kitchen

Public Transportation

Commuter Rail	Drive	Walk	Distance
	6 min	-	2.4 mi
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))	8 min	-	2.4 mi
Airport	Drive	Walk	Distance
Bob Hope	22 min	-	15.3 mi
Los Angeles International	31 min	-	21.6 mi
Long Beach (Daugherty Field)	34 min	-	23.8 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	19
Type:	Surface
Included in Rent:	Yes

Andy Deng 626-589-5008 Dengo Investment, Inc.

2614 Griffin Ave Los Angeles, CA 90031 Montecito Heights