1927-1933 Griffin Ave Los Angeles, CA 90031

This 15-unit apartment building presents a compelling value-add opportunity in Los Angeles's vibrant Lincoln Heights neighborhood. The property comprises three separate buildings totaling 6,764 square feet on a 0.23-acre lot. The unit mix includes eight one-bedroom units and seven studios, offering a diverse rental base. Currently boasting 100% occupancy, the property offers significant upside potential, estimated at 66% or more in rental income. Individual gas and electricity meters for each unit simplify management, and on-site laundry adds convenience for residents. Eight garage spaces offer additional income potential or the possibility of creating accessory dwelling units (ADU's, buyer to verify). The property's central location, near Downtown LA, Highland Park, the Arts District, and Dodger Stadium, ensures strong rental demand and future appreciation. Its efficient layout and size allow for easy management without the need for an on-site manager. The property is listed for $2,525,000 and is offered as a 1031 exchange opportunity. Lincoln Heights' proximity to the USC Health Sciences Campus and its blend of affordability and trendy amenities contribute to its growing popularity and strong rental market. The neighborhood also features historic landmarks like the San Antonio Winery and Lincoln Park, adding to its appeal. This property is an excellent addition to any investment portfolio.