$10,000 Closing Credit¹
#SB24241731, Olga Wright, Listing Office: Lyon Stahl Investment Real Estate, Inc.
#AR25026296·
Listing Office: Growth Investment Group Pasade·
Listing Agent: Justin McCardle·
Listing Office Phone: 310-606-0192
1927 Griffin Ave Los Angeles, CA 90031
$2,525,000 List price
0.2 acres
Condo
Property details
About 1927 Griffin Ave
Take a look at this! 15-unit VALUE-ADD apartment building centrally located in the Lincoln Heights neighborhood of Los Angeles. The Griffin apartments have a nice unit mix with 8-1 bedrooms units, and 7 studios situated in 3 separate buildings with an estimated 66% upside in rent. The rear building is located above garages which presents the opportunity to earn additional garage income or create significant value with ADU’s (buyer to verify). The properties attractive layout and size create for an ease of management as well as no on-site manager. All units are individually metered for Gas/ Electricity and the property has onsite laundry. With Lincoln Heights’ proximity to DTLA, it allows for tremendous upside in rents and appreciation. This building has an attractive price per unit, and substantial upside, will be a great addition to any portfolio!
Highlights
Home typeCondominium
StatusActive
Lot size0.2273 Acres
Year built1946
ParkingGarage
MLS #AR25026296
Garage8 spaces
Summary
- MLS Number: AR25026296
- MLS Name: CRMLS
- Office Name: Growth Investment Group Pasade
- Office Phone: (310) 606-0192
- Listing Agent: Justin McCardle
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/9/2025, 7:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$2,525,000
1927 Griffin Ave
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jan 19, 2006 | Home Sold | $1,065,000 |
| Jan 16, 2004 | Home Sold | $725,000 |
| Apr 30, 1998 | Home Sold | $370,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $1,426,862 | $18,620 |
| 2023 | $1,398,885 | $18,280 |
| 2022 | $1,371,456 | $17,475 |
| 2021 | $1,344,565 | $17,241 |
| 2020 | $1,330,779 | $16,753 |
| 2019 | $1,304,687 | $16,576 |
| 2018 | $1,279,106 | $16,189 |
| 2017 | $1,254,027 | $16,189 |
History based on county public records data.
Nearby schools
4
Griffin Avenue Elementary
Public District KG-5
0.1 mi
•2025 Griffin Ave
8
Puc Milagro Charter
Public Charter KG-5
0.4 mi
•1855 N Main St
6
Gates Street Elementary
Public District PK-5
0.5 mi
•3333 Manitou Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $24,633. The majority of Los Angeles, CA residents have income less than $<35k annually. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
63%
<35k
26%
35k-100k
11%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
36%
Single, No Kids
22%
Single, with Kids
14%
Married, No Kids
28%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
20%
<11 yrs old
10%
12-17 yrs old
29%
18-34 yrs old
33%
35-64 yrs old
8%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Major League Soccer (MLS)
Pro Boxing
Where do the neighbors shop?
Foot Locker
H&M
Ross Dress For Less
Where do the neighbors go to eat?
Little Caesars
Popeyes
Boston Market
What do the neighbors drive?
Dodge
Nissan
Honda
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
Similar homes for sale
#AR24170222, Wenjia Li, Listing Office: Pinnacle Real Estate Group
$10,000 Closing Credit¹
#SW25014257, Lori Robinson, Listing Office: Coldwell Banker Assoc.Brks-CL
Frequently asked questions
About 1927 Griffin Ave
This home is located at 1927 Griffin Ave in Los Angeles, CA and zip code 90031 in the Lincoln Heights neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since February 5, 2025 and is currently priced at $2,525,000.
Los Angeles, CA housing market in January 2025 saw over 294 listings sold above listed price, more than 161 sold at listed price and over 545 sold below. The inventory of homes for sale in Los Angeles, CA between December and January 2025 increased by 20.1%. The median list price of listings available in January 2025 was $1,035,435, while the average time on the real estate market was 45 days.
From Rocket Homes Real Estate and based on county public records data.