Nalren
Open in App

ResidentialIncome — 2614 Griffin Avenue, Los Angeles, CA

$3,880,000

2614 Griffin Avenue, Los Angeles, CA

$3,880,000 — 2614 Griffin Avenue, Los Angeles, CA — photo 1 $3,880,000 — 2614 Griffin Avenue, Los Angeles, CA — photo 2 $3,880,000 — 2614 Griffin Avenue, Los Angeles, CA — photo 3 $3,880,000 — 2614 Griffin Avenue, Los Angeles, CA — photo 4 $3,880,000 — 2614 Griffin Avenue, Los Angeles, CA — photo 5
View in Nalren App Get the App

About this property

Don’t miss this rare opportunity to acquire a stable income-producing property with significant upside. This 24-unit apartment building is located in the prime Lincoln Heights area and consists entirely of one-bedroom, one-bath units in a classic courtyard-style layout. The elevator-served building is easily convertible to senior living use and is situated in a high-demand rental market with a very low vacancy rate. Major capital improvements have already been completed, including a full seismic retrofit and a recently replaced roof. The property offers a low cost per unit and is first time on market in over 20 years. Existing assumable loan with an attractive 3% interest rate. Approximately 40% rent upside while maintaining in-place stable income, this is an exceptional value-add investment opportunity.

Property details

Year built
1970
Property type
ResidentialIncome

Location

2614 Griffin Avenue • Los Angeles, CA 90031

More homes for sale and rent in Los Angeles, CA →

Listed by

ANDY DENG · DENGO INVESTMENT INC.

Listing courtesy of DENGO INVESTMENT INC.. Information deemed reliable but not guaranteed.

View this listing and thousands more on Nalren — the modern way to discover and connect on real estate.

Are you a local professional? Get found and booked on Nalren.