Property Detail

2614 Griffin

Los Angeles CA 90031

$3,880,000

Status: Active

Property Details

Description

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.

Map Location

Listing provided courtesy of ANDY DENG of DENGO INVESTMENT INC.. Last updated 2026-04-06 08:11:34.000000. Listing information © 2025 CRMLS.

The Lineup

The Lineup

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