Apartment for sale in Southern California — $3,880,000. 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…
$3,880,000
2614 Griffin Avenue, Los Angeles, CA 90031
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.
Listing updated: May 14, 2026 at 10:39 AM
Listed by: ANDY DENG, DENGO INVESTMENT INC.
Source: CRMLS, MLS#: WS26018859, Originating MLS: California Regional MLS
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| Date | Event | Price |
|---|---|---|
1/29/2026 Source: CRMLS, #WS26018859 | Listed for sale | $3,880,000 |
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