1927-1933 Griffin Ave
Los Angeles, CA 90031
Griffin Apartments: Value-Add 15 Unit · Immeuble residentiel Propriété À vendre · 15 Unités

Growth Investment Group is proud to present this unique opportunity positioned in the heart of Lincoln Heights. One of Los Angeles' fastest-evolving urban neighborhoods, this 15-unit apartment community presents investors with an exceptional opportunity to acquire a well-located multifamily asset in a high-demand rental corridor. Situated just minutes from Downtown Los Angeles, the property benefits from strong tenant demand driven by its proximity to major employment centers, transportation hubs, educational institutions, and ongoing neighborhood revitalization. This building offers investors the opportunity to capitalize in a submarket experiencing increasing investment activity and redevelopment.
The Griffin apartments have a nice unit mix with 8-1 bedrooms units, and 7 studios situated in 3 separate buildings with an estimated 48% upside in rent. The rear building is located above garages which presents the opportunity to earn additional garage income or take advantage of the plans to build 3- ADU’s the existing ownership has! The properties attractive layout and size create for an ease of management as well as no on-site manager. All units are individually metered for Gas/ Electricity, and the property has onsite laundry. With Lincoln Heights’ proximity to DTLA, it allows for tremendous upside in rents and appreciation. This building has an attractive price per unit, and substantial upside, will be a great addition to any portfolio! Whether operated as a stable income-producing asset or repositioned through strategic unit upgrades, the property presents significant potential for revenue enhancement and long-term appreciation.
Lincoln Heights continues to attract residents seeking affordable alternatives to Downtown, Echo Park, and Highland Park while remaining connected to the region's economic core. The property's central location provides convenient access to the I-5, I-10, 101, and 110 freeways, as well as Metro transit services, creating a compelling advantage for commuters and working professionals. Although it may be one of the oldest areas in Los Angeles, Lincoln Heights brings creativity and youthful energy to the community as home to the USC Health Sciences Campus. The neighborhood is directly east of Dodger Stadium and Los Angeles State Historic Park. With its affordable restaurants, trendy nightclubs, and a passionate arts scene, Lincoln Heights is one of LA’s most-loved neighborhoods for good reason. With just over two miles to Downtown LA, apartments in Lincoln Heights are very popular. Lincoln Heights is home to several major landmarks, including the San Antonio Winery. This historical landmark is the last remaining winery in Downtown LA. It also features a restaurant, a tasting room, and special events. Historic Lincoln Park is a neighborhood gem. As LA’s first park, it hasn’t changed all that much since it opened in 1881. Enjoy spectacular views, a beautiful lake, picnic areas, a playground, ball fields, a recreation center, and a senior center. Residents enjoy access to a vibrant neighborhood featuring local restaurants, retail amenities, parks, and cultural attractions, while remaining only minutes from Downtown Los Angeles, USC Medical Center, and the Los Angeles State Historic Park.