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2240 Griffin Ave, Los Angeles, CA 90031
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2240 Griffin Ave Los Angeles, CA 90031

$555,000 Sold Price as of 09/10/2020
  • 4 Beds
  • 2 Baths
  • -- Sq.Ft.
Sold
$555,000 Sold Price as of 09/10/2020 Refinance Your Mortgage
Map preview of 2240 Griffin Ave, Los Angeles, CA 90031

Property Overview: 2240 Griffin Ave Los Angeles, CA has 4 bedrooms, 2 bathrooms, -- living square feet and 4,535 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by Michael A Salerno | BRE #01212427 | Miller & Desatnik Realty Co.
Last checked: 9 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 237

Home details

Lot Sq. Ft
4,535
HOA Dues
$0/mo
Year built
1908
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19532218
City
Los Angeles
County
Los Angeles
Time on Site
1345 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,000
  • Total Rent: $1,000
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,083
  • Total Rent: $1,083
  • Pro Forma/Market Rent: $1,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $13,315
  • Gross Operating Income: $24,996
Annual Expense Breakdown
  • Total Operating Expense: --
  • New Taxes: $7,140
  • Insurance: $2,541
  • Maintenance: $2,000

Property Details for 2240 Griffin Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Property Information
  • Total # of Units: 2
  • Parcel Number: 5204025030
Location / Neighborhood
Location Information
  • Directions: South of Broadway
View more facts & features

Local Los Angeles Agent

Sale History for 2240 Griffin Ave

Last sold for $555,000 on September 10th, 2020

  • September, 2020

  • Sep 14, 2020

    Date

    Sold

    CRMLS: 19532218

    $555,000

    Price

  • Jul 20, 2020

    Date

    Pending

    CRMLS: 19532218

    $595,000

    Price

  • May 24, 2020

    Date

    Active

    CRMLS: 19532218

    $595,000

    Price

  • May 21, 2020

    Date

    Expired

    CRMLS: 19532218

    $595,000

    Price

  • Nov 22, 2019

    Date

    Active

    CRMLS: 19532218

    $595,000

    Price

  • August, 2020

  • Aug 31, 2020

    Date

    Sold (Public Records)

    Public Records

    $555,000

    Price

  • November, 2019

  • Nov 2, 2019

    Date

    Expired

    CRMLS: P0-819003558

    $609,000

    Price

  • Jul 31, 2019

    Date

    Active

    CRMLS: P0-819003558

    $609,000

    Price

  • Listing provided courtesy of CRMLS

    Rare Duplex listing in hot Lincoln Heights neighborhood. First time on the market in over 50 years, right on Griffin Avenue, just 15 mins away from DTLA. Each unit has two bedrooms, one bathroom and laundry room. Recent improvements and repairs include new foundation, updated windows, separated water meters, new exterior paint and wood repaired, updated cooper plumbing and new water heater in unit 2242. Please be advised, this is an 'As Is' sale and both units are currently renter occupied. Buyers and their agents must do their own due diligence as property is rent controlled.

  • January, 2005

  • Jan 6, 2005

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 2240 Griffin Ave

Assessed Value (2020): $90,841
Year Land Value Improved Value Assessed Value
2020 $53,073 $37,768 $90,841

Home Value Compared to the Market

This property vs the competition

2240 Griffin Ave sold on September 10, 2020 for 46.88% lower than the current median sold price for the city of Los Angeles which is $1,120,000.

About 2240 Griffin Ave

Detailed summary of property

2240 Griffin Ave is a multi family that recently sold in Los Angeles, CA 90031. This multi family property offered 4 bedrooms, 2 bathrooms, roughly -- living square feet, and sits on an approximately 4,535 square foot lot. 2240 Griffin Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $555,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 46.88% lower than the current median priced home. Local homes that are currently for sale include 7805 Whitsett Ave, 935 W 54th St and 440 W Gage Ave. While the average home in Los Angeles, CA is selling in 106 days, 2240 Griffin Ave has a days on market of 237 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 2240 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 2240 Griffin Ave

Public county record property details
Beds
3
Baths
1
Year built
1908
Sq. Ft.
1,486
Lot Size
4,535
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
4
APN
5204-025-030

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
$849,000
Median List Price/Sq.Ft.
$701
Median Sold Price
$825,000
Median Sold Price/Sq.Ft.
$628
Total Inventory
38
Median Sale to List Price %
99.64%
Avg Days on Market
42
Loan Type
Conventional (28.57%), FHA (0%), VA (0%), Cash (14.29%), Other (28.57%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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