Exclusive Listings

Griffin Apartments

Address:
1927- 1933 Griffin Ave
Los Angeles, CA 90031
Price:
$2,100,000
Status:
Available
Type:
Apartment
# Units:
15
Year Build:
1941
Building Size:
6,764 sqft
Lot Size:
9,900
CAP Rate:
4.15
GRM:
14.93x
Price/Unit:
$140,000
Price/SqFt:
$310

Highlights

  • Nice unit mix
  • Individually metered for Gas/ Electricity
  • Centrally Located between Highland Park, Downtown, Arts District, and Dodger Stadium
  • Close to Fwys
  • 27% Upside in rents
  • Ease of Management
  • 15 units- no on-site manager required

Property Summary

Growth Investment Group is proud to present this 15 unit apartment GEM centrally located in the Lincoln Heights neighborhood of Los Angeles. The building shows well, and has a long term tenant base. The property has a nice unit mix with 8-1 bedrooms units, and 7 studios situated in 3 separate buildings. The rear building is located above garages which presents the opportunity to earn additional garage income. All units are individually metered for Gas/ Electricity. 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!




Due Diligence


Broker Contact

Justin McCardle
Direct: (909) 486-2069
justin@growthinvestmentgroup.com

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Office:
999 S. San Gabriel Blvd.
San Gabriel, CA 91776
Phone: 626.594.4901
Fax: 626.316.7552
Email: properties@GrowthInvestmentGroup.com
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