$3,880,000
2614 Griffin Avenue, Los Angeles CA 90031
Multi-Family (24 Units)
Property type
127 days
On market
$270
Price per sqft
0 cars
Garage
1970
Year built
13,455 sqft
Lot size
Home highlights
Open Houses
Overview
Don’t miss this rare opportunity to acquire a stable income-producing property with significant upside. This 24-unit apartment building is located in the prime Lincoln Heights area and consists entirely of one-bedroom, one-bath units in a classic courtyard-style layout. The elevator-served building is easily convertible to senior living use and is situated in a high-demand...
Listing provided by: ANDY DENG DRE #01297692 626-448-6666, DENGO INVESTMENT INC.
Listing updated: May 14, 2026 at 05:39pm.
Last checked: Jun 5, 2026 at 12:30pm
Source: CRMLS #WS26018859
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 24 | 1 | 1 | — | $1,230 | $29,517 | $42,450 | Unfurnished |
# of Buildings: 1
# of Units Total: 24
Separate Electric Meters: 25
Separate Gas Meters: 25
Separate Water Meters: 1
Ranges: 24
Rent Control: Yes
Total Actual Rent: $354,206
Tenant Pays: Electricity
Financial Snapshot
Gross Rent Multiplier
11.0x
List Price / Annual Gross Rent
Cap Rate
4.57%
NOI / List Price
Gross Scheduled Income: $354,206
Operating Expense: $178,822
Net Operating Income: $177,325
Annual Operating Expenses
Electric: $50,345
Fuel: $0
Insurance: $16,687
Professional Management: $0
Trash: $10,799
Water / Sewer: $0
Interior
Flooring: Tile
Cooling: Wall Window Units
Heating: Wall Furnace
Appliances: Free Standing Range, Water Heater
Fireplace: None
Laundry: Common Area
Entry Location: Griffin
Exterior
Property Attached: Yes
Stories Total: 3
Levels: Three Or More
Roof: Flat
Window Features: Screens
Common Walls: One Common Wall
Lot Features: Twenty One To Twenty Five Units Acre
Pool: None
Spa: None
Fencing: None
Water Source: Public
Sewer: Public Sewer
Electric: Standard
Utilities: Electricity Connected, Natural Gas Connected, Sewer Available, Water Available
View: None
Garage and Parking
Parking: Carport, One Space, Uncovered
Garage Spaces: 0
Carport Spaces: 19
Parking Total: 19
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 5206009017
Additional Parcels: No
Tax Lot: 19
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Urban
Nearby Schools
Nearby schools around the 2614 Griffin Avenue, Los Angeles, CA 90031. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$3,104,000
Total Interest
$3,958,981
Total Payment
$7,062,981
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$23,811
per month
Property History for 2614 Griffin Avenue
Los Angeles Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90031.
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