$3,880,000

2614 Griffin Avenue, Los Angeles, CA 90031

  • 1 bed |
  • 1 bath
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon0.31acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 9 days ago

Property Description

Dont 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 Status:
Active
Date Added:
January 24, 2026
Data Last Updated:
February 8, 2026 at 3:12PM
Listing Office:
DENGO INVESTMENT INC. : 626-448-6666
Listing Agent:
ANDY DENG : 626-589-5008
MLS ID:
WS26018859
  • A/C: Wall/Window
  • General: N/K
  • Pool: N/K
  • General: 3 Story
  • HOA Amenities: 0.0
  • Originating MLS: California Regional MLS
  • County: Los Angeles
  • Zoning: Public Rec5206009017
  • Fencing: N/K
  • Source: California Regional MLS

Presented by Veterans United Realty

This listing courtesy of ANDY DENG , DENGO INVESTMENT INC.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

G

Gates Street Elementary

3333 Manitou Ave, Los Angeles, CA, 90031

Grades PK-5

0.46 miles away

F

Florence Nightingale Middle School

3311 N Figueroa St, Los Angeles, CA, 90065

Grades 6-8

0.81 miles away

P

Pueblo de los Angeles Continuation

2506 Alta St, Los Angeles, CA, 90031

Grades 9-12

0.46 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.