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1927 Griffin Avenue

Los Angeles, CA 90031

– beds
– baths
– sqft
9,902 sqft lot
1946 build
– on site

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 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!

Listed By CRMLS_CA / Justin McCardle / Growth Investment Group Pasade / 310-606-0192

Last checked: Checking… • Last updated Feb 5, 2025 •

MLS# AR25026296 —

The Building

Year Built:

1946
Year Built Source:

Assessor
New Construction:

No
Building Area Total:

6764.00
Building Area Units:

Square Feet
Total Number Of Units:

15
# of Buildings:

3
Stories Total:

2
Entry Level:

1
Common Walls:

2+ Common Walls
# of Separate Gas Meters:

16
# of Separate Water Meters:

1
# of Separate Electric Meters:

16

Interior

Entry Location:

Street
Laundry:

Common Area
Laundry:

1

Location

Directions:

South of Broadway on Griffin
Latitude:

34.06695800
Longitude:

-118.21201600

The Property

Property Type:

Residential Income
Subtype:

Apartment
Zoning:

LARD2
Lot Features:

Lot 6500-9999
Lot Size Area:

9902.0000
Lot Size Acres:

0.2273
Lot Size SqFt:

9902.00
Lot Size Source:

Assessor
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

14
Tax Census Tract:

1999.00
Tax Tract:

1
Tax Lot:

9

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5210012012

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Features:

Sidewalks, Urban
Pool:

None
Senior Community:

No
Private Pool:

No

Parking

Parking:

Yes
Parking:

Garage
Parking Spaces:

8.00
Garage Spaces:

8.00

Extra Units

Average 1 Bed Area:

528
Average Studio Area:

362

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
2/4/25 Feb 4, 2025	Listed / Active	CRMLS_CA	$2,525,000

Multifamily For Sale

$2,525,000

Listing provided by broker:

Justin McCardle

Growth Investment Group Pasade

310-606-0192

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This multifamily located in Eastside LA, Los Angeles, CA 90031 is currently for sale for $2,525,000. 1927 Griffin Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 18 days. 1927 Griffin Avenue is in the Eastside LA neighborhood of Los Angeles and has a WalkScore® of 83, making it very walkable. This multifamily is in the attendance area of Woodrow Wilson Senior High School, Abraham Lincoln Senior High School, Florence Nightingale Middle School, and Griffin Avenue Elementary School.

Listing Courtesy of: CRMLS_CA and Growth Investment Group Pasade. Based on information from California Regional Multiple Listing Service, Inc. as of 06:40 on Feb 22.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.