2221 Griffin Avenue

    Los Angeles (City), CA 90031
    • $1,600,000
    • STATUS: Active
    • ON SITE: 27 days
    • ID#: 18396524
    UPDATED: 59 min ago
    $1,600,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,644
      SQFT
    • $345
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1947
    County:

    School Ratings & Info

    Description

    PRIDE OF OWNERSHIP! A 6 unit apartment building located at 2221 Griffin Ave. The subject property is located in the Lincoln Heights neighborhood of Los Angeles. Situated on an 8,014 SF lot, the 6 apartments are comprised of 4,644 SF and a unit mix of (1) 3BR+1.5BA, (2) 2BR+1BA and (3) 1BR+1BA. Built in 1947, this building is rent controlled & zoned LARD3. Four of the six units have been completely remodeled with some of the renovations including new electrical, new fully renovated kitchens & bathrooms, new air conditioning wall units, new flooring, and fresh paint. Many of the units contain combo washer/dryer units or washer/dryer hookups along with a stove & refrigerator. The gated front yard has been upgraded with drought-resistant landscaping & has a fire pit. Only a couple of blocks from N Broadway, this property has many local restaurants & stores in close proximity along many major freeways such as the I-5, 10 and 110.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-12T23:28:55.467. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/88566693

    2221 Griffin Avenue Los Angeles (City), CA 90031

    • Price: $1,600,000
    • Status: Active
    • Updated: 59 min ago
    • ID#: 18396524
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    4,644
    SQFT
    $345
    $/SQFT
    1947
    Built
    Neighborhood:
    677 - Lincoln Hts
    County:
    Los Angeles
    Area:
    677 - Lincoln Hts
    Property Description
    PRIDE OF OWNERSHIP! A 6 unit apartment building located at 2221 Griffin Ave. The subject property is located in the Lincoln Heights neighborhood of Los Angeles. Situated on an 8,014 SF lot, the 6 apartments are comprised of 4,644 SF and a unit mix of (1) 3BR+1.5BA, (2) 2BR+1BA and (3) 1BR+1BA. Built in 1947, this building is rent controlled & zoned LARD3. Four of the six units have been completely remodeled with some of the renovations including new electrical, new fully renovated kitchens & bathrooms, new air conditioning wall units, new flooring, and fresh paint. Many of the units contain combo washer/dryer units or washer/dryer hookups along with a stove & refrigerator. The gated front yard has been upgraded with drought-resistant landscaping & has a fire pit. Only a couple of blocks from N Broadway, this property has many local restaurants & stores in close proximity along many major freeways such as the I-5, 10 and 110.
    Exterior Features

    Entry Location Ground Level With Steps Lot Size Source Assessor Lot Size Units Square Feet Parking Features Driveway Parking YN Yes Pool Features None Pool Private YN No

    Interior Features

    Appliances Refrigerator Appliances YN Yes Flooring Vinyl Laundry Features Dryer IncludedStackableWasher IncludedOutsideInside

    Property Features

    Cap Rate 4.68 Country Us Gross Multiplier 13.60 Gross Operating Income 114137.00 Laundry YN Yes Net Operating Income 74937.00 Property Condition Updated/Remodeled Special Listing Conditions Standard Total Actual Rent 9806.00 Total Expenses 39200.00 Zoning Lard3

    Listing provided courtesy of Dana Coronado of Keller Williams Realty.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-12T23:28:55.467. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
    Fred Sed Realty - Keller Williams
    4010 Barranca Pkwy Suite 100
    Irvine CA, 92604