2221 Griffin Ave Los Angeles, CA 90031

$750,000 Sold Price as of 05/06/2016

6 Beds
5 Baths
4,644 Sq.Ft.

Off Market

$750,000 Sold Price as of 05/06/2016 Refinance Your Mortgage

Map preview of 2221 Griffin Ave, Los Angeles, CA 90031

Property Overview: 2221 Griffin Ave Los Angeles, CA has 6 bedrooms, 5 bathrooms, 4,644 living square feet and 8,014 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

2221 Griffin Ave is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $773. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $247,200 for the down payment and will need roughly $24,720 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $52,500. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 2221 Griffin Ave

Last sold for $750,000 on May 6th, 2016

October, 2022
Oct 20, 2022

Date

Expired

CRMLS: 22148715

$1,795,000

Price
Apr 21, 2022

Date

Active

CRMLS: 22148715

$1,795,000

Price
Listing provided courtesy of CRMLS

Amazing well maintained building in central Lincoln Heights location. Great unit mix with 3 1+1's, 2 2+1's, and 1 3+1.5. Three of the units benefit from in unit Washer/Dryers and have upgraded amenities. Starting cap is 4.45% with upside in rents. Th building has low expenses and is easy to manage. Full OM in documents section.

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May, 2020
May 19, 2020

Date

Expired

CRMLS: 20555614

$1,650,000

Price
Mar 23, 2020

Date

Withdrawn

CRMLS: 20555614

$1,650,000

Price
Feb 19, 2020

Date

Active

CRMLS: 20555614

$1,650,000

Price
Listing provided courtesy of CRMLS

2221-2223 Griffin Ave is a 6 unit property located in Lincoln Heights. Built in 1947, the property is comprised of 3 one-bedroom one-bath units, 2 two-bedroom one-bath units, and 1 three-bedroom one and a half-bath two-story townhouse. 5 of 6 units have been fully renovated with modern finishes. Each unit is separately metered for electricity and gas. All units have designated parking in the recently repaved parking lot.

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February, 2020
Feb 18, 2020

Date

Canceled

CRMLS: 20543544

$1,850,000

Price
Jan 28, 2020

Date

Withdrawn

CRMLS: 20543544

$1,850,000

Price
Jan 24, 2020

Date

Active

CRMLS: 20543544

$1,850,000

Price
Jan 20, 2020

Date

Active Under Contract

CRMLS: 20543544

$1,850,000

Price
Jan 14, 2020

Date

Active

CRMLS: 20543544

$1,850,000

Price
Listing provided courtesy of CRMLS

2221-2223 Griffin Ave is a 6 unit property located in Lincoln Heights. Built in 1947, the property is comprised of 3 one-bedroom one-bath units, 2 two-bedroom one-bath units, and 1 three-bedroom one and a half-bath two-story townhouse. 5 of 6 units have been fully renovated with modern finishes. Each unit is separately metered for electricity and gas. All units have designated parking in the recently repaved parking lot.

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July, 2019
Jul 5, 2019

Date

Expired

CRMLS: 19440192

$1,550,000

Price
May 24, 2019

Date

Withdrawn

CRMLS: 19440192

$1,550,000

Price
May 7, 2019

Date

Active Under Contract

CRMLS: 19440192

$1,550,000

Price
May 3, 2019

Date

Price Change

CRMLS: 19440192

$1,550,000

Price
Mar 4, 2019

Date

Active

CRMLS: 19440192

$1,600,000

Price
Listing provided courtesy of CRMLS

We are pleased to present a six (6) unit multifamily property located at 2221 Griffin Avenue, in Los Angeles, California. The property is situated just south of North Broadway and west of Lincoln Park Avenue. The property is located in a strong rental pocket of Lincoln Heights.The property features an excellent unit mix of three (3) one bedroom / one bathroom units, two (2) two bedroom / one bathroom units, and finally one (1) three bedroom / one and a half bathroom. The units are split between two separate buildings within the same lot. The property recently underwent some significant renovations. This property offers an excellent opportunity for any investor to acquire a bite-sized, cash flowing deal in a strong rental pocket nearby Downtown Los Angeles and all of the unique amenities and local businesses that it provides.

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March, 2019
Mar 25, 2019

Date

Expired

CRMLS: 18396524

$1,600,000

Price
Jan 8, 2019

Date

Withdrawn

CRMLS: 18396524

$1,600,000

Price
Oct 17, 2018

Date

Active

CRMLS: 18396524

$1,600,000

Price
Listing provided courtesy of CRMLS

PRIDE OF OWNERSHIP! A 6 unit apartment building located at 2221 Griffin Ave. The subject property is located in the Lincoln Heights neighborhood of Los Angeles. Situated on an 8,014 SF lot, the 6 apartments are comprised of 4,644 SF and a unit mix of (1) 3BR+1.5BA, (2) 2BR+1BA and (3) 1BR+1BA. Built in 1947, this building is rent controlled & zoned LARD3. Four of the six units have been completely remodeled with some of the renovations including new electrical, new fully renovated kitchens & bathrooms, new air conditioning wall units, new flooring, and fresh paint. Many of the units contain combo washer/dryer units or washer/dryer hookups along with a stove & refrigerator. The gated front yard has been upgraded with drought-resistant landscaping & has a fire pit. Only a couple of blocks from N Broadway, this property has many local restaurants & stores in close proximity along many major freeways such as the I-5, 10 and 110.

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May, 2016
May 6, 2016

Date

Sold (Public Records)

Public Records

$750,000

Price
November, 2012
Nov 19, 2012

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 2221 Griffin Ave

Assessed Value (2020): $811,822

Year	Land Value	Improved Value	Assessed Value
2020	$568,276	$243,546	$811,822

About 2221 Griffin Ave

Detailed summary of property

2221 Griffin Ave is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90031 and last sold on May 6, 2016 for $750,000. This property has 6 bedrooms, 5 bathrooms, roughly 4,644 living square feet, and sits on an approximately 8,014 square foot lot. Homes in Los Angeles are selling for a median price of $1,050,000 and a median price per square foot of $738. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 28.57% lower than the current median priced home. 2221 Griffin Ave was last sold on May 6, 2016 for $750,000. Local nearby listings include 181 French Ave, 3410 Glenalbyn Dr and 2801 Jeffries Ave. The average home in Los Angeles, CA is selling in 96 days. There are currently 3487 homes for sale in the Los Angeles real estate market and 2373 of them are single family homes while 1015 of them are condos and 93 are townhomes. If you are the homeowner and looking to sell the home at 2221 Griffin Ave Los Angeles, CA 90031 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2221 Griffin Ave

Public county record property details

Beds: 6
Baths: 5
Year built: 1947
Sq. Ft.: 4,644
Lot Size: 8,014
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 13
APN: 5204-019-017

The source for these homes facts are from public records.

90031 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$828,000

Median List Price/Sq.Ft.

$566

Median Sold Price

$800,000

Median Sold Price/Sq.Ft.

$638

Total Inventory

Median Sale to List Price %

100%

Avg Days on Market

Loan Type

Conventional (18.18%), FHA (0%), VA (0%), Cash (36.36%), Other (18.18%)

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(714) 706-1823

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