2614 Griffin Ave, Los Angeles, CA, 90031
About This Home
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 rental market with a very low vacancy rate. Major capital improvements have already been completed, including a full seismic retrofit and a recently replaced roof. The property offers a low cost per unit and is first time on market in over 20 years. Existing assumable loan with an attractive 3% interest rate. Approximately 40% rent upside while maintaining in-place stable income, this is an exceptional value-add investment opportunity.
Getting Around
Very Walkable
Good Transit
BikeableSchools
Construction
Condition
- Year built: 1970
Materials
- Roof: Flat
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Free-Standing Range,Water Heater
- Laundry features: Common Area
Bedrooms & Bathrooms
- Bedrooms: 24
- Bathrooms: 24
Features
- Window features: Screens
- Flooring: Tile
- Fireplace features: None
- Common walls with other units/homes: 1 Common Wall
Heating & Cooling
- Heating features: Wall Furnace
- Cooling features: Wall/Window Unit(s)
Interior Area
- Total structure area: 14,359
- Total interior livable area: 14,359 sqft
Property
Details
- Parcel number: 5206009017
- Attached to another structure: Yes
- Special condition: Standard
Features
- Levels: Three Or More
- Stories: 3
- Entry location: Griffin
- Pool features: None
- Spa features: None
- Fencing: None
- Has view: Yes
- View description: None
Lot
- Lot size: 0.31 Acres
- Features: 21-25 Units/Acre
Parking
- Total spaces: 19
- Parking features: Carport,One Space,Uncovered
- Covered spaces: 19
- Carport: Yes
- Carport spaces: 19
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Heat Wave
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Los Angeles County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $19,619 | $235,428 |
| Home Insurance * | $668 | $8,016 |
| Property Taxes | $2,166 | $25,992 |
| Electricity | $3,079 | $36,949 |
| Total | $25,532 | $306,384 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-01-29 | Listed for sale | $3,880,000 |
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