2430 Griffin Avenue, Los Angeles, California 90031, Los Angeles, 90031 - bed, bath
ACTIVE$798,000
2430 Griffin Avenue, Los Angeles, California 90031
0Bed
0Bath
3,096Sqft
9,212Lot
Year Built
1885
Close
-
List price
$798K
Original List price
$1.1M
Price/Sqft
$258
HOA
-
Days on market
-
Sold On
-
MLS number
GD25016204
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $798.0K(38th), sqft - 3096(69th), beds - undefined(50th), baths - undefined(50th).
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.
Nearby schools
4/10
Gates Street Elementary School
Public,•K-5•0.4mi
4/10
Griffin Avenue Elementary School
Public,•K-5•0.4mi
3/10
Albion Street Elementary School
Public,•K-6•0.7mi
2/10
Hillside Elementary School
Public,•K-5•0.8mi
4/10
Loreto Street Elementary School
Public,•K-5•0.9mi
6/10
Multnomah Street Elementary School
Public,•K-5•1.1mi
4/10
Huntington Drive Elementary School
Public,•K-6•1.3mi
3/10
Ann Street Elementary School
Public,•K-6•1.3mi
2/10
Murchison Street Elementary School
Public,•K-6•1.4mi
4/10
Bridge Street Elementary School
Public,•K-5•1.6mi
5/10
Florence Nightingale Middle School
Public,•6-8•0.9mi
5/10
Glen Alta Elementary School
Public,•K-8•0.9mi
5/10
El Sereno Middle School
Public,•6-8•1.9mi
6/10
Hollenbeck Middle School
Public,•6-8•2.6mi
5/10
Abraham Lincoln Senior High School
Public,•9-12•0.4mi
4/10
Woodrow Wilson Senior High School
Public,•9-12•1.5mi
3/10
Theodore Roosevelt Senior High
Public,•9-12•2.5mi
5/10
STEM Academy of Boyle Heights HS
Public,•9-12•2.6mi
Price History
Date
Event
Price
09/20/25
Price Change
$798,000-6.1%
08/02/25
$850,000
01/30/25
$1,100,000
Condition Rating
Poor
Built in 1885, this property is extremely old. While the exterior appears maintained and the foundation has been retrofitted, the interior images reveal a property in need of substantial rehabilitation. The kitchen shown is very dated with old appliances, laminate countertops, and a pink tile backsplash, indicating a lack of significant modernization for decades. Other interior areas feature worn carpets, older laminate flooring, and basic, outdated light fixtures. Given the age, it's highly probable that major systems (plumbing, electrical, HVAC) are original or very old and will require extensive replacement or repair. Although currently tenant-occupied, the property requires significant investment to bring it to modern standards and address the deferred maintenance inherent in a structure of this age.
Pros & Cons
Pros
Established Income Stream: The property is a triplex with 3 established tenants who pay on time, providing immediate and stable rental income for an investor.
Significant Development Potential: Located in an Economic Opportunity Zone, the property offers the potential to build an additional 2 units, significantly increasing future income and property value.
Strategic Urban Location: Excellent proximity to major freeways and key Los Angeles entertainment and business hubs like Dodgers Stadium, Glendale, Pasadena, and Downtown Los Angeles, enhancing tenant appeal and long-term appreciation.
Foundation Retrofit Completed: The foundation has been retrofitted, addressing a major structural concern common in older properties and indicating proactive maintenance, reducing immediate capital expenditure for a buyer.
Attractive Price Adjustment: A substantial price reduction from an original list price of $1.1M to $798,000 presents a compelling investment opportunity and potential for immediate equity.
Cons
Advanced Age of Structure: Built in 1885, the property is very old, which may imply ongoing maintenance needs for original systems (plumbing, electrical) and potential for unforeseen repairs despite the foundation retrofit.
Unspecified Interior/System Condition: While 'pride of ownership' is mentioned, the description lacks specific details on recent interior renovations or major system upgrades (e.g., HVAC, electrical, plumbing) for the individual units, which could be a significant unknown for a property of this age.
Development Complexity & Costs: Although additional units are possible, the process involves significant permitting, architectural, and construction costs, along with potential regulatory hurdles, which are not quantified and could be substantial.