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Travis Breton

travisbreton@gmail.com +1(760) 470-2752

Listed by Justin McCardle, DRE #01895720 • Growth Investment Group Pasade

$ 2,100,000

Est. payment | -/mo

9,902 Sqft Lot

Save

$ 2,100,000

Est. payment | -/mo

Save

9,902 Sqft Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRAR26172939

Year Built 1946

Lot Size 9,902 Sqft

Source California Regional MLS

Property Description

Take a look at this this unique opportunity positioned in the heart of Lincoln Heights. One of Los Angeles' fastest-evolving urban neighborhoods, this 15-unit apartment community presents investors with an exceptional opportunity to acquire a well-located multifamily asset in a high-demand rental corridor. Situated just minutes from Downtown Los Angeles, the property benefits from strong tenant demand driven by its proximity to major employment centers, transportation hubs, educational institutions, and ongoing neighborhood revitalization. This building offers investors the opportunity to capitalize in a submarket experiencing increasing investment activity and redevelopment. The Griffin apartments have a nice unit mix with 8-1 bedrooms units, and 7 studios situated in 3 separate buildings with an estimated 48% upside in rent. The rear building is located above garages which presents the opportunity to earn additional garage income or take advantage of the plans to build 3- ADU's the existing ownership has! The properties attractive layout and size create for an ease of management as well as no on-site manager. All units are individually metered for Gas/ Electricity, and the property has onsite laundry. With Lincoln Heights' proximity to DTLA, it allows for tremendous upside in

Location

State CA

County Los Angeles

Area 677 - Lincoln Hts

Interior

Laundry Laundry Area

Exterior

Parking Features No Parking, Other

Garage Spaces 8.0

Pool None

Building

Water District - Public

Others

Tax ID 5210012012

Special Listing Condition Not Applicable

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(760) 470-2752

travisbreton@gmail.com

1902 Wright Place #200, Carlsbad, CA, 92008, USA

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1927 Griffin AVE Los Angeles, CA 90031