1935-1945 Griffin Ave is an excellent value add opportunity in up-and-coming Lincoln Heights,just off of Main St in an area poised for an increase in property values and rents!
The property includes four detached 2br + 1 ba homes of approx. 600 SF each on a large signalized corner lot with open parking. In addition to the desirable layout with no shared walls, each homes's gated front and back yard space and convenient location, the property offers owners very low expenses! With separate electric and gas meters, separate hot water heaters AND water meters - the owner pays zero utilities! Low expenses and the possibility to purchase land in LA for under $90/Lot SF - makes this an exciting opportunity not to be missed!
*All information provided to be deemed reliable but not guaranteed. Buyer to complete all investigations into the property and/or any matters that may or may not affect the property independently and to their own satisfaction.
Ideally located in the up-and-coming neighborhood of Lincoln Heights! Located on a signalized corner Darwin & Griffin, close to Lincoln Park and just blocks from the Keck Hospital of USC, making it easily accessibly by the I-5, I-10 and 110 Freeways. Plus it's neighbors, Cypress Park, Montecito Heights and Highland Park were voted LA's Hottest Neighborhoods of 2017 (#1,#3,#4), making now a great time to buy as the area is poised for a property value increase! Other neighbors include, El Sereno, Boyle Heights, and of course the Art's District and Downtown Los Angeles. The LA+USC Medical Center is a major employment hub in the immediate area ensuring steady occupancy, and just a quick drive San Antonio Winery, Chinatown and Dodger Stadium provide restaurants and entertainment. Lincoln Heights has recently attracted the attention of a younger generation of buyers for its affordability, proximity to DTLA, hip Highland Park, and its charming Victorian Era and Craftsman Style Homes. It is not uncommon to have one or more renovated and re-imagined homes per street, and market rents are consistently increasing as the rental supply improves, creating more demand.
