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Listed by DENGO INVESTMENT INC., ANDY DENG, Listing Contact: 626-589-5008 
1 Bed
1 Bath

$3,880,000

2614 Griffin Avenue, Los Angeles CA, 90031

Property typeMulti-family

Overview

Active

Listed Jan 29, 2026

Updated Sep 1

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.

$25,814/mo

Est. mortgage payment based on a $3,880,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
WS26018859

Interior Features

Bedrooms
1
Bathrooms
1
Cooling
Yes
Basement
No

Exterior Features

Lot Size
0.31 Acres

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Data last updated 6:40 AM UTC, 9/1/2026

   

 

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