Contact Xavier Gomez
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2614 Griffin Avenue, Los Angeles, CA 90031
Priced at Only: $3,880,000
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Address: 2614 Griffin Avenue, Los Angeles, CA 90031
Property Location and Similar Properties
- MLS#: WS26018859 ( Apartment )
- Street Address: 2614 Griffin Avenue
- Viewed: 2
- Price: $3,880,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1970
- Bldg sqft: 0
- Days On Market: 18
- Additional Information
- County: LOS ANGELES
- City: Los Angeles
- Zipcode: 90031
- Provided by: DENGO INVESTMENT INC.
- Contact: ANDY ANDY

- DMCA Notice
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DescriptionDont 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.
Features
Appliances
- Free-Standing Range
- Water Heater Central
Assessments
- Buyer to Verify
Association Fee
- 0.00
Building Area Total
- 14359.00
Carport Spaces
- 19.00
Commoninterest
- Community Apartment
Common Walls
- 1 Common Wall
Cooling
- Wall/Window Unit(s)
Country
- US
Days On Market
- 10
Electric
- Standard
Electric Expense
- 50345.00
Entry Location
- Griffin
Fencing
- None
Fireplace Features
- None
Flooring
- Tile
Fuel Expense
- 0.00
Garage Spaces
- 0.00
Heating
- Wall Furnace
Insurance Expense
- 16687.00
Laundry Features
- Community
Levels
- Three Or More
Lockboxtype
- None
Lot Features
- 21-25 Units/Acre
Netoperatingincome
- 177325.00
Number Of Separate Electric Meters
- 25
Number Of Separate Gas Meters
- 25
Parcel Number
- 5206009017
Parking Features
- Carport
- Parking Space
- Uncovered
Pool Features
- None
Professionalmanagementexpense
- 0.00
Property Type
- Apartment
Roof
- Flat
Sewer
- Public Sewer
Sourcesystemid
- CRM
Sourcesystemkey
- 455417743:CRM
Spa Features
- None
Tenant Pays
- Electricity
Totalactualrent
- 354206.00
Totalexpenses
- 178822.00
Trash Expense
- 10799.00
Utilities
- Electricity Connected
- Natural Gas Connected
- Sewer Available
- Water Available
View
- None
Water Sewer Expense
- 0.00
Water Source
- Public
Window Features
- Screens
Year Built
- 1970
Year Built Source
- Public Records
- Xavier Gomez, BrkrAssc,CDPE
- RE/MAX College Park Realty
- BRE 01736488
- Fax: 714.975.9953
- Mobile: 714.478.6676
- salesbyxavier@gmail.com



















