1935-1945 GRIFFIN AVE | LINCOLN HEIGHTS | 4 Homes on 1 Lot
The Coronado Real Estate Group is pleased to present for sale this excellent value add opportunity in up-and-coming Lincoln Heights, just off of Main St. An area poised for an increase in property value and rents! 100% tenant occupied.
1935 -1945 Griffin is an excellent value add opportunity in up-and-coming Lincoln Heights! The subject property is four detached 2BR + 1BA bungalows with an open parking lot on the signalized corner of Darwin & Griffin, just north of Main St. There is an elementary school directly across the street, and Lincoln Park just a few blocks away. In addition to the favorable layout and convenient location, the property offers owners very low expenses: the owner pays water only and tenants pay the other utilities! There is a side and rear alley as well as rear garage, and the property is 100% gated. This is an exciting opportunity to purchase land for only $85/Lot SF in Los Angeles! 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.
This location is thriving as the nearby LAC+USC Medical Center and Keck Hospital of USC provide community members a consistent source of quality employment. The surrounding neighborhoods of Cypress Park and Montecito Heights were voted LA’s Hottest Real Estate Neighborhoods for 2017 (#1 and #2 ), giving Lincoln Heights a great chance to be next! USC has already invested $1.1 Million dollars to improve the nearby Hazard Park and Recreation Center with new jogging paths, outdoor fitness zone, toddler zone, updated tennis and basketball courts, and $100,0000 youth sport’s program, and Fit Families – an exercise and nutrition program every Saturday Morning! Other community features include the Lincoln Park Lake & Skatepark, multiple art galleries, schools, and gems like Correa’s Market where you can find fresh produce and a carniceria and Los Tres Cochinitos where traditional taste and portion size will satisfy the whole family. Nearby is a Brewery Artwalk and restaurant, Stronghold Rock Climbing Gym with summer camp and even an urban winery! Plus, hope in the car and be at Dodger Stadium in about 10 minutes! Easily accessible by major freeways the 5 and 10 and public transportation.
*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.
*Property being sold in a portfolio of four properties, all with the potential to be sold together or separately.