$1,475,000
2221 Griffin Ave, Los Angeles CA 90031
Multi-Family (6 Units)
Property type
39 days
On market
$318
Price per sqft
0 cars
Garage
1947
Year built
8,016 sqft
Lot size
Open Houses
Overview
This excellent multifamily property is centrally located in Lincoln Heights. Featuring two separate buildings, this 6-unit property has 4,644 square feet of rentable area situated on a large 8,014 square foot lot. Built in 1947, the property has a versatile mix of 1, 2, and 3-bedroom units, which are individually metered with on-site parking available for each tenant....
Listing provided by: Jonathan Hasbun DRE #02254602 626-808-1031, Pivot Commercial Group
Listing updated: Apr 27, 2026 at 11:59pm.
Last checked: Jun 5, 2026 at 04:31pm
Source: CRMLS #SR26091068
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 3 | 1 | 1 | — | $1,844 | $5,531 | $5,550 | Unfurnished |
| 2 | 2 | 1 | — | $2,114 | $4,228 | $4,600 | Unfurnished |
| 1 | 3 | 2 | — | $3,000 | $3,000 | $3,000 | Unfurnished |
# of Buildings: 2
# of Units Total: 6
Separate Electric Meters: 6
Separate Gas Meters: 6
Separate Water Meters: 1
Rent Control: Yes
Units Leased: 5
Total Actual Rent: $153,108
Financial Snapshot
Gross Rent Multiplier
9.6x
List Price / Annual Gross Rent
Cap Rate
6.85%
NOI / List Price
Gross Scheduled Income: $153,108
Vacancy Allowance: $4,593
Vacancy Allowance Rate: 3%
Operating Expense: $47,535
Net Operating Income: $100,980
Annual Operating Expenses
Electric: $0
Gardener: $1,200
Fuel: $0
Insurance: $6,731
Licenses: $2,500
Maintenance: $8,102
New Taxes: $18,438
Professional Management: $6,713
Trash: $0
Water / Sewer: $0
Other Expense: $4,211
Interior
Appliances: Dryer, Washer
Laundry: Dryer Included, Washer Included
Entry Location: Front
Exterior
Property Attached: No
Stories Total: 2
Common Walls: No Common Walls
Lot Features: Six To Ten Units Acre, Front Yard, Yard
Pool: None
Water Source: Public
Sewer: Public Sewer
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Garage and Parking
Garage Spaces: 0
Uncovered Spaces: 8
Parking Total: 8
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 5204019017
Additional Parcels: No
Tax Lot: 13
Tax Block: 17
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Urban
Nearby Schools
Nearby schools around the 2221 Griffin Ave, Los Angeles, CA 90031. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,180,000
Total Interest
$1,505,025
Total Payment
$2,685,025
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$9,145
per month
Property History for 2221 Griffin Ave
Los Angeles Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90031.
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