$850,000
$250K PRICE DROP

Estimated payment $4,658/month

Total Views 10,160
4 Beds
3 Baths
3,096 Sq Ft
$275 Price per Sq Ft

Highlights

  • No HOA
  • Abraham Lincoln High School Rated A
  • Laundry Room

About This Home

Steven Kasten Realty, Inc. proudly presents 2430 Griffin Avenue, Los Angeles 90031. This is a one building triplex (3 units) with 4 bedrooms and 3 bathrooms in Lincoln Heights. The property has 3 established tenants who pay on time. The property shows pride of ownership from both the owner and the tenants. The property is close to all major freeways and to all entrainment areas such as; Dodgers Stadium, Glendale, Pasadena, and Downtown Los Angeles. This property sits in a Economic Opportunity Zone, you could build an additional 2 units to the back of the property per seller and the foundation has been retrofitted as well.

Listing Agent

Jose Urbina

Steven Kasten Realty, Inc. Brokerage Phone: 323-807-4079 License #01929520 Listed on: 01/30/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,551

Year Built

  • Built in 1885

Lot Details

  • 9,212 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage

Home Design

  • Triplex
  • Entry on the 1st floor

Interior Spaces

  • 3,096 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Legal Lot and Block UNNU / 20
  • Assessor Parcel Number 5204023023
  • $695 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,495
  • Insurance Expense $2,137
  • Maintenance Expense $4,259
  • Professional Management Expense $2,664
  • Water Sewer Expense $2,836
  • Operating Expense $24,860
  • Gross Income $54,804
  • Net Operating Income $40,462

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,551

Year Built

Built in 1885

Lot Details

0

Parking

3

Listing Details

  • Price Per Unit: 283333
  • Professional Management Expense: 2664.00
  • Property Attached: No
  • Water Sewer Expenses: 2836.00
  • Zoning: LARD2
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 1495.00
  • Parcel Number: 5204023023
  • Year Built: 1885
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Front
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 274.55

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Lot 6500-9999
  • Lot Size Sq Ft: 9212.00
  • Lot Size Acres: 0.2115

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 54804.00
  • Gross Scheduled Income: 54804.00
  • Insurance Expense: 2137.00
  • Lot Size Area: 9212.0000 Square Feet
  • Maintenance Expense: 4259.00
  • Net Operating Income: 40462.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 14342.00
  • Rent Control: Yes
  • Total Actual Rent: 54804.00
  • Total Expenses: 24860.00

Tax Info

  • Tax Block: 20
  • Tax Census Tract: 1992.01
  • Tax Lot: UNNU
  • Tax Tract Number: EAS...
  • TaxOtherAnnualAssessmentAmount: 695.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $1,551 $72,746 $35,758 $36,988
2024 $1,551 $71,320 $35,057 $36,263
2023 $1,534 $69,922 $34,370 $35,552
2022 $1,486 $68,552 $33,697 $34,855
2021 $1,454 $67,209 $33,037 $34,172
2019 $1,425 $65,217 $32,058 $33,159
2018 $1,256 $63,939 $31,430 $32,509
2016 $1,174 $61,458 $30,210 $31,248
2015 $1,163 $60,536 $29,757 $30,779
2014 $1,189 $59,352 $29,175 $30,177
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/29/2025 05/29/25 Price Changed $850,000 -7.1% $275 / Sq Ft
03/24/2025 03/24/25 Price Changed $915,000 -7.4% $296 / Sq Ft
02/27/2025 02/27/25 Price Changed $988,000 -10.2% $319 / Sq Ft
01/30/2025 01/30/25 For Sale $1,100,000 -- $355 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: GD25016204

California Regional Multiple Listing Service (CRMLS)

APN: 5204-023-023