Overview
- Apartment
- 0
- 1970
Description
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.
Address
Open on Google Maps- Address Griffin
- City Los Angeles
- State/county Los Angeles
- Zip/Postal Code 90031
Details
Updated on May 14, 2026 at 7:08 pm- Property ID: HZWS26018859
- Price: $3,880,000
- Garage: 0
- Year Built: 1970
- Property Type: Apartment
- Property Status: ResidentialIncome
- Listed by: ANDY DENG
- DRE #: 01297692
- Contact Phone: 6265895008
- Contact Mail: andydeng@dengoinvestment.com
- Brokered by: DENGO INVESTMENT INC.
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