Est. cap rate

2.4%

Assumed rent, all units

$3,440/mo

Units

2

Price per unit

$424,500

Est. annual NOI

$20,640

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Duplex

Bedrooms

2

Building size

1,508 sqft

Lot size

6,753 sqft

Year built

1921

Stories

1

Garage spaces

0

Style

Craftsman

Heating

Wall Furnace

Cooling

Wall/Window Unit(s)

Pool

None

Status

Active

Days on market

68

MLS #

245986096

About this property

Discover an exceptional opportunity to own a well maintained duplex at 3621 - 3621 ½ Griffin Ave in the highly sought-after Lincoln Heights area of Los Angeles. This income-producing property, on the market for the first time in over 20 years, is ideal for any investor, from first-time purchasers to seasoned professionals. This detached two-unit building spans approximately 1,508 square feet and is set on a generous 6,751 square foot lot with low-maintenance landscaping. Each unit offers comfortable living spaces, featuring kitchens overlooking the yard, tile and laminate flooring throughout, window air conditioning and wall heaters, security screen doors, and private patios and porches. The property provides convenient driveway parking including a carport for tenants and their guest. 3621 - 3621 ½ Griffin Ave boasts an enviable location, strategically situated between Ave 35 and Ave 43, offering swift access to the 5, 110, and 10 freeways. Residents will appreciate being just 10 minutes from the historic Lincoln Park Recreation Center and having easy access to the Metro Lincoln Heights Cypress light rail station, USC Keck School of Medicine, and a variety of shopping centers, restaurants, and popular retailers. Nearby vibrant communities include Highland Park, Montecito Heights, Echo Park, Silver Lake, East Los Angeles and Mount Washington. Within a 20-mile radius, residents can enjoy an array of world-renowned landmarks and entertainment venues, including Pasadena, Downtown Los Angeles, Crypto.com Arena, LA Live, Griffith Observatory, Universal Studios Hollywood, Hollywood Bowl, and The Huntington Library, Art Museum, and Botanical Gardens. This duplex represents a stable and admirable long-term investment in the heart of Los Angeles.

Location

3621 Griffin Avenue

Los Angeles, Los Angeles, CA, 90031