2614 Griffin Avenue, Los Angeles, CA 90031

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Beds

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Baths

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Sq ft

About this home

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.

Type

Apartment

Year built

1970

Lot

13,455 sq ft

Garage

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HOA

None

Pool

View

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Solar

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Estimated payment

$24,469/mo

Principal & interest$19,619
Property tax (est.)$3,718
Home insurance (est.)$1,132

Down payment: 20% ($776,000)Interest rate %

Example only, not a loan offer. Rate is a placeholder; ask a lender for today's. Taxes vary by neighborhood (Mello-Roos).

Listing provided courtesy of ANDY DENG, DENGO INVESTMENT INC., 626-589-5008. MLS# WS26018859. Based on information from California Regional Multiple Listing Service, Inc. as of November 1, 2026 at 8:00 AM Pacific. Information is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use to identify prospective properties they may be interested in purchasing. Coldwell Banker Associated Brokers Realty, CA DRE #00939614.