Est. cap rate

4.4%

Assumed rent, all units

$5,160/mo

Units

3

Price per unit

$233,333

Est. annual NOI

$30,960

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

Triplex

Bedrooms

2

Building size

2,673 sqft

Lot size

8,360 sqft

Year built

1907

Stories

2

Garage spaces

0

Pool

None

Status

Active

Days on market

1

MLS #

246871505

About this property

Versatile Mixed-Use Opportunity in Lincoln Heights! Commercial mixed-use building offering an excellent opportunity for an owner-user, investor, or live/work setup. The ground level features an established grocery/convenience store along with additional warehouse/storage space, providing flexibility for a variety of business operations. Above the commercial space are two residential apartments, creating the potential for additional rental income or convenient on-site living. Ideally situated in the established Lincoln Heights community with convenient access to Downtown Los Angeles and major transportation routes. A unique opportunity to operate your business, generate residential income, and own the real estate—all in one property. Buyer to verify permitted uses, zoning, square footage, and all property information with the appropriate authorities.

Location

3374 Griffin

Los Angeles, Los Angeles, CA, 90031