GRIFFIN ASSEMBLAGE

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Address: 4514 Griffin Ave, Los Angeles, CA 90031, USA
Address: 4516 Griffin Ave, Los Angeles, CA 90031, USA
Address: 4520 Griffin Ave, Los Angeles, CA 90031, USA
Apartment Buildings
Created date: April 12, 2024
Date last updated: April 12, 2024

-Five Separately Parceled Lots Totaling Over 26,000 SF!
Vacant Land Provides Potential Development Opportunities!
-Great Mix of Bungalow Styled Units and Apartment Style Units!
-On-Site Parking for Tenants!
-Supply Constrained 90031 Zip Code!
-The Property is Located in the Historically Rich Neighborhood of Montecito Heights Located Just Northeast of Downtown Los Angeles. Fueled by Increasing Demand from Young Professionals and Investors Seeking Affordable Housing Options within Close Proximity to Downtown Los Angeles.
-Designated a Historical Property and Eligible for the Mills Act to Qualify for Property Tax Abatement!
Located in an Opportunity Zone & East Los Angeles State Enterprise Zone.
-Great Location in Montecito Heights Near KECK, USC Medical Center, Cal State LA, Dodger Stadium and More!

Portfolio Description

The Azzi Group of Marcus and Millichap is pleased to present the opportunity to acquire a five-property assemblage located in the Montecito Heights neighborhood of East Los Angeles.

Portfolio Key Information

Listing Status: Available
Listing Type: Highest & best offer
Property Types: Apartment Buildings
Price: $ 2,750,000
No. of Units: 10
Lot Size: 26,648 Sq ft
Opportunity Zone: No
Price per unit: $275,000
Address: 4514 Griffin Ave, Los Angeles, CA 90031, USA
Address: 4516 Griffin Ave, Los Angeles, CA 90031, USA
Address: 4520 Griffin Ave, Los Angeles, CA 90031, USA

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