2614 Griffin Avenue, Los Angeles, CA 90031
List Price: $3.88M
Listing Status: Active
0Days on Market: 214
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1970
Lot Size: 13,455 sq ft
Private Pool: Yes
MLS Number: WS26018859
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.
Listing provided by: ANDY DENG DRE #01297692 626-448-6666 andydeng@dengoinvestment.com, DENGO INVESTMENT INC.
Source: CRMLS, MLS #: WS26018859
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.