Property listed by Growth Investment Group Pasade, Justin McCardle 310-606-0192
$2,329,000
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… Read More 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! Read Less
Listing Snapshot
Days Online
208
Last Updated
Property Type
Apartment
Lot Size
0.23 Acres
Year Built
1946
MLS Number
AR25026296
30 Days Snapshot Of 90031
$1.02M
-17%
(avg) sold price
5
-28%
homes sold
81
-8%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1946, Building area total: 6,764, 3 buildings, Architectural style: , Attached, Common walls: TwoCommonWallsOrMore
Community
Sidewalks, Urban
Expenses
Electric expense: $1,258, Fuel expense: $1,729, Insurance expense: $10,348, Operating expense: $96,730, Trash expense: $9,258, Water sewer expense: $31,239
Garage
8 spaces
Income
Gross income: $179,602, Net operating income: $82,872
Laundry
CommonArea
Lot
0.2273 acres, 9,902 square feet, Size: 9,902
Parking
8 totals parking, Garage
Pool
None
Property
Zoning: LARD2
Sewer
PublicSewer
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Confirm your time
Fill in your details and we will contact you to confirm a time.
