3545 Griffin Avenue

    Los Angeles (City), CA 90031
    • $1,185,000
    • STATUS: Active Under Contract
    • ON SITE: 18 days
    • ID#: 18408562
    Under Contract
    UPDATED: 27 min ago
    $1,185,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,634
      SQFT
    • $326
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1929
    County:

    School Ratings & Info

    Description

    Find excellent income potential in this beautiful Spanish-style apartment complex, well located in fast-rising Lincoln Heights. Built in 1929, the well-maintained compound provides two casitas and a main house, totaling six units and five parking spaces. Each apartment is finished with wood and tile flooring; the two front units have private patios. Updated systems include electrical and plumbing, and the exterior is freshly painted. There are individual gas and electric meters for each unit. Prized as one of LA's rising-star neighborhoods, Lincoln Heights enjoys immediate proximity to Downtown LA. There is a growing local scene of restaurants, nightspots and coffeehouses, and quick access to nearby neighbors Highland Park, Echo Park, Frogtown and Atwater Village.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-09T21:28:16.243. 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.teamforss.com/homes/89567087

    3545 Griffin Avenue Los Angeles (City), CA 90031

    • Price: $1,185,000
    • Status: Active Under Contract
    • Updated: 27 min ago
    • ID#: 18408562
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    3,634
    SQFT
    $326
    $/SQFT
    1929
    Built
    Neighborhood:
    677 - Lincoln Hts
    County:
    Los Angeles
    Area:
    677 - Lincoln Hts
    Property Description
    Find excellent income potential in this beautiful Spanish-style apartment complex, well located in fast-rising Lincoln Heights. Built in 1929, the well-maintained compound provides two casitas and a main house, totaling six units and five parking spaces. Each apartment is finished with wood and tile flooring; the two front units have private patios. Updated systems include electrical and plumbing, and the exterior is freshly painted. There are individual gas and electric meters for each unit. Prized as one of LA's rising-star neighborhoods, Lincoln Heights enjoys immediate proximity to Downtown LA. There is a growing local scene of restaurants, nightspots and coffeehouses, and quick access to nearby neighbors Highland Park, Echo Park, Frogtown and Atwater Village.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features Parking Space Parking YN Yes

    Interior Features

    Appliances Refrigerator Appliances YN Yes Cooling None Cooling YN No Flooring Wood

    Property Features

    Gross Multiplier 17.77 Gross Operating Income 66684.00 Improvements Amount 78527 Land Value 172258 Net Operating Income 47481.00 Special Listing Conditions Standard Total Expenses 19203.00 Zoning Lar1

    Listing provided courtesy of Tracy B Do of Compass and Edith Reyna of Compass.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-09T21:28:16.243. 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.
     
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