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2221 Griffin Ave 6 Unit Apartment Building $2,119,207 CAD ($353,201 CAD/Unit) 6.45% Cap Rate Los Angeles, CA 90031
Executive Summary
2221 Griffin contains a varying unit mix of 1's and 2's, and a spacious 3 bedroom front unit with its own yard space. Each unit has its own dedicated parking space, individually metered, and the majority of units have in unit laundry. The property consists of two buildings, and is 83% leased with one vacancy. The current GRM is 10.12 and the current CAP Rate is 6.45%. Commanding strong rent and low expenses, this property provides sound financials for multifamily investors looking for a cash flowing asset in Lincoln Heights. Please do not disturb the tenants. Please reach out to request a showing.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,119,207 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $353,201 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 6.45% | Building Size | 4,644 SF |
| Gross Rent Multiplier | 10.12 | No. Stories | 2 |
| No. Units | 6 | Year Built | 1947 |
| Property Type | Multifamily | Parking Ratio | 2.15/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | LARD3-HPOZ - Multi-Family - Historical Preservation Opportunity Zone | ||
| Price | $2,119,207 CAD |
| Price Per Unit | $353,201 CAD |
| Sale Type | Investment |
| Cap Rate | 6.45% |
| Gross Rent Multiplier | 10.12 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 4,644 SF |
| No. Stories | 2 |
| Year Built | 1947 |
| Parking Ratio | 2.15/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LARD3-HPOZ - Multi-Family - Historical Preservation Opportunity Zone |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Tub/Shower
Site Amenities
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 2 | - | - |
| 3+1.5 | 1 | - | - |
1 1
Walk Score®
Very Walkable (88)
Property Taxes
| Parcel Number | 5204-019-017 | Total Assessment | $1,213,884 CAD |
| Land Assessment | $849,721 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $364,163 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
5204-019-017
Land Assessment
$849,721 CAD
Improvements Assessment
$364,163 CAD
Total Assessment
$1,213,884 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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2221 Griffin Ave
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