NOT LISTED FOR SALE

2240 Griffin Ave Los Angeles, CA 90031

Lincoln Heights Neighborhood

Estimated Value: $719,000 - $926,000

4 Beds
2 Baths
1,486 Sq Ft
$550/Sq Ft Est. Value

Last Sold September 10, 2020

Last sale price $555,000 $373 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $4,952/month

240 Days on Market

About This Home

As of September 2020

Duplex in Lincoln Heights. Below market rents. First time on the market in over 50 years. Close to Downtown Los Angeles & U.S.C. Medical Center. Recent improvements include windows, foundation, exterior paint, copper plumbing & new water heater in 2242. Each unit has a private backyard and are individually metered for all utilities. The property is being sold in it's "as is" condition.

Last Agent to Sell the Property

Michael Salerno

Michael Anthony Salerno License #01212427 Listed on: 11/20/2019

Michael Anthony Salerno

Last Buyer's Agent

DARRYL JACKSON

M & M JACKSON REALTY SERVICES License #01742318

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,350

Year Built

  • Built in 1908

Lot Details

  • 4,535 Sq Ft Lot

Interior Spaces

  • 1,486 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5204-025-030

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,350

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 1486
  • Stories: 1
  • Year Built: 1908
  • Number Of Photos: 21
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Total Bathrooms: 2.00
  • Price Per S Q F T: 400.40

Exterior Features

  • Other Structures: None

Fee Information

  • Insurance Expense: 2541.00
  • Maintenance Expense: 2000.00

Lot Info

  • Assessed Improvement Value: 35591
  • Assessed Land Value: 50013
  • Assessor Parcel Number: 5204-025-030
  • Geocode Override: No
  • Lot Size Area: 4535

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Total Annual Expense: 11681
  • Type Of Units: Apartments
  • Vacancy Rate: 0

Tax Info

  • Tax Expense: 7140.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 20, 2019
Closed on
Aug 11, 2020
Sold by
Frances Properties Llc
Bought by
Going John Morris
Seller's Agent
Michael Salerno
Michael Anthony Salerno
Buyer's Agent
DARRYL JACKSON
M & M JACKSON REALTY SERVICES
List Price
$595,000
Sold Price
$555,000
Premium/Discount to List
-$40,000
-6.72%
Current Estimated Value
$796,264

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$241,264
Avg. Annual Appreciation
8.17%

Purchase Details

Closed on
Nov 8, 2004
Sold by
Alvarez Haller Rita Marie
Bought by
Frances Properties Llc

Purchase Details

Closed on
Sep 8, 1997
Sold by
Alvarez Frances M Living Trust
Bought by
Alvarez Haller Rita Marie

Purchase Details

Closed on
Jun 18, 1997
Sold by
Grieve Rita Alvarez Dalton
Bought by
Alvarez Frances M
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Going John Morris $555,000 North American Title Company
Frances Properties Llc -- --
Alvarez Haller Rita Marie -- --
Alvarez Frances M -- --
Alvarez Haller Rita Marie -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/10/2020 09/10/20 Sold $555,000 -6.7% $373 / Sq Ft
07/17/2020 07/17/20 Pending -- -- --
05/23/2020 05/23/20 For Sale $595,000 +7.2% $400 / Sq Ft
05/20/2020 05/20/20 Off Market $555,000 -- --
11/20/2019 11/20/19 For Sale $595,000 -- $400 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,350 $600,748 $422,148 $178,600
2024 $7,350 $588,970 $413,871 $175,099
2023 $7,210 $577,422 $405,756 $171,666
2022 $6,879 $566,100 $397,800 $168,300
2021 $6,874 $555,000 $390,000 $165,000
2020 $1,354 $90,841 $53,073 $37,768
2019 $1,312 $89,061 $52,033 $37,028
2018 $1,227 $87,315 $51,013 $36,302
2016 $1,157 $83,927 $49,033 $34,894
2015 $1,142 $82,667 $48,297 $34,370
2014 $1,158 $81,048 $47,351 $33,697
Source: Public Records

Agents Affiliated with this Home

  • Michael Salerno

    Seller's Agent in 2020

    Michael Salerno

    Michael Anthony Salerno

    (310) 202-9166

    1 in this area

    32 Total Sales

    Section Image

  • D

    Buyer's Agent in 2020

    DARRYL JACKSON

    M & M JACKSON REALTY SERVICES

    (909) 890-0096

    1 in this area

    3 Total Sales

    Section Image

  • J

    Buyer's Agent in 2020

    Jack Holwahjian

See All Agents

Map

Source: The MLS

MLS Number: 19-532218

The MLS

APN: 5204-025-030

California Los Angeles County Los Angeles 90031 Lincoln Heights

2240 Griffin Ave, Los Angeles, CA

This home is located at 2240 Griffin Ave, Los Angeles, CA 90031 since 20 November 2019 and is currently estimated at $816,871, approximately $549 per square foot. This property was built in 1908. 2240 Griffin Ave is a home located in Los Angeles County with nearby schools including Griffin Avenue Elementary School, Florence Nightingale Middle, and Abraham Lincoln High School.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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