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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$1,475,000

Est. payment - /mo

8,015 Sqft Lot

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Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR26091068

HOA Y/N No

Year Built 1947

Lot Size 8,015 Sqft

Property Sub-Type Apartment

Property Description

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.

Recent updates to two units include new plumbing, electrical, AC, and washer/dryer hookups. This is an investor friendly property with stabilized income that can also support potential owner occupancy as the 3-bedroom unit is available. The rear building abuts an alleyway which provides a separate, rear lot used for extra parking, storage, and access for the tenants.

Residents enjoy being minutes away from major local destinations, providing convenient access to Chinatown, DTLA, and Dodger Stadium. Nearby eateries are walking distance from 2221 Griffin with local favorites such as Moo's Craft Barbecue, La Monarca Bakery and Cafe, and King Taco located on Broadway. Direct access to the 5, 110, and 2 Freeways with nearby bus transit efficiently connects this neighborhood to all of LA. LARD3-1-HPOZ zoning, located within a Historical Preservation and Opportunity Zone.

Location

State CA

County Los Angeles

Area 677 - Lincoln Hts

Interior

Fireplace No

Appliance Dryer, Washer

Exterior

Pool None

Community Features Urban

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Total Parking Spaces 8

Private Pool No

Building

Lot Description 6-10 Units/Acre, Front Yard, Yard

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5204019017

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

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Listed by Jonathan Hasbun Pivot Commercial Group 626-808-1031, DRE #02254602

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2221 Griffin Ave Los Angeles, CA 90031