$ 3,880,000
-
$3,880,000
Price -
1
Bed -
1
Bath -
14,359
SqFt -
0.31
Acre
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About the Listing 9497 - W73296
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 Highlights for 2614 Griffin Ave
Interior Details
- Bedrooms: 1
- Bathrooms: 1 Full
- Appliances: Free-Standing Range, Water Heater
- Air Cond: Wall/Window Unit(s)
- Heating: Wall Furnace
- Fireplaces:
- Floor: Tile
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: 21-25 Units/Acre,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 19
- Roof: Flat
- Others: 2+ Total Units
- Sewer: Public Sewer
- Parking Features: Carport,One Space,Uncovered
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5206009017
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
2614 Griffin Ave Los Angeles, CA 90031
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