#AR24170222, Wenjia Li, Listing Office: Pinnacle Real Estate Group

1927 Griffin Ave Los Angeles, CA 90031
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
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: 3/14/2025, 5:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$2,525,000
1927 Griffin Ave
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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. Residents of Los Angeles, CA typically earn less than $<35k each year. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.
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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.
In February 2025 more than 212 listings in Los Angeles, CA were sold above the asking price. During the same period more than 105 listings were sold at asking price, while more than 280 were sold below. The number of listings in Los Angeles, CA increased by 10.8% between January and February 2025. Listings spent 44 days on the market in February 2025, and had a median list price of $989,396 during the same period.