3224 Griffin, Los Angeles, California 90031, Los Angeles, 90031 - 4 bed, 2 bath

3224 Griffin, Los Angeles, California 90031 home-pic-0

3224 Griffin

Los Angeles, California 90031

ACTIVE
CONDITION: GOOD
4Beds
2Baths
1,206Sq Ft
4,385Lot Size

Property Price

LIST PRICE$799,990
EST. MARKET VALUE
$850,000
5% BelowMARKET VALUE

SUMMARY

Analysis of 3224 Griffin, Los Angeles, California 90031 reveals a Prime Investment Opportunity with a current list price of $799,990—significantly undercutting the $850,000 Fair Market Value by 5%. This valuation gap indicates a +$50,010 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Estimated Market Value

$850,000 +$50,010 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
3224 Griffin
Subject
$799,990*
List Price
421,206$705-
A
126 W Avenue 31
Sold
$954,000321,223$7800.2 mi
B
957 Montecito Drive
Sold
$925,000321,223$7560.7 mi
C
3745 Roberta
Sold
$985,000331,656$5950.8 mi
D
3216 Altura
Active
$1,000,999
List Price
321,229$8140.5 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

Property is move-in ready.

Although built in 1910, the property is move-in ready and has undergone significant updates. The interior features contemporary laminate flooring, recessed lighting, and a modernized kitchen with stainless steel appliances and updated countertops. The bathrooms have been refreshed with newer vanities and tiling. The inclusion of a fully paid-off solar panel system is a major modern system upgrade. While the 114-year-old structure may require ongoing maintenance, the visible components and finishes are well-maintained and do not appear outdated, fitting the 'Good' classification.

PROSSTRENGTHS & OPPORTUNITIES

  • Income & Multi-Gen Potential

    The versatile floor plan allows for a portion of the home to be closed off as a private suite with its own bedroom, bathroom, and living area, ideal for rental income or multi-generational living.

  • Paid-Off Solar System

    The property features a fully paid-off solar panel system, providing significant long-term energy savings and immediate value to the buyer without the burden of a lease.

  • Strategic Urban Location

    Located in the rapidly growing Lincoln Heights area, the home is just 10 minutes from Downtown Los Angeles and offers excellent proximity to major freeways, local dining, and shopping.

CONSRISKS & DEFICIENCIES

  • MLS Listing Discrepancy

    Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.

  • Functional Layout Constraints

    One of the two full bathrooms is located inside a bedroom, which may compromise privacy and convenience for other residents or guests.

  • Historic Property Maintenance

    Built in 1910, the home's age may require more frequent maintenance or updates to its century-old infrastructure compared to more modern residential options.

About 3224 Griffin

Exceptional opportunity in the heart of Lincoln Heights! Just 10 minutes from Downtown Los Angeles, this versatile 5-bedroom, 2-bathroom home offers space, flexibility, and long-term energy savings with fully Paid-Off Solar Panels!. Designed with functionality in mind, the home features a flexible floor plan and part of the property can be easily closed off to create a private suite complete with its own bedroom, bathroom, and living room — ideal for extended family, guests, rental income, or multi-generational living. The fully paid solar system provides significant utility savings and added value, making this home both eco-conscious and cost-efficient. Conveniently located near major freeways, Downtown LA, local dining, shopping, and schools, this property combines comfort, income potential, and prime location. Please step inside to a bright and welcoming living room filled with natural light from large windows and highlighted by a cozy fireplace, creating a warm and inviting atmosphere. Across the hallway, the home opens into the kitchen and dining area, perfect for daily meals or entertaining. Just off the living room, the primary bedroom features a Walk-In Closet. One full bathroom is located inside of the second bedroom, offering added privacy, while the second full bathroom is conveniently located off the kitchen for easy access. A door from the kitchen leads to the covered rear porch, which provides ample storage space and a convenient laundry area. Outside, enjoy off-street parking with easy access to the city street. Don’t miss this unique opportunity to own a versatile home in one of LA’s rapidly growing communities. Don’t miss this unique opportunity to own a versatile home in one of LA’s rapidly growing communities.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1910
Lot Size
4,385 Sq. Ft.

Interior

Total Bedrooms
4
Total Bathrooms
2 (2 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Los Angeles Unified Schools

Hillside Elementary School

Grades K-5 • 0.2 mi

2/10

Loreto Street Elementary School

Grades K-5 • 0.4 mi

4/10

Gates Street Elementary School

Grades K-5 • 0.8 mi

4/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds4.03.0
74%
Baths2.02.0
50%
Square foot1,2061,315
35%
Lot Size4,3854,871.5
24%
Price$800.0K$930.0K
41%
Price per sq ft$663$724
44%
Built year19101926
32%
HOA$0$0
50%
Days on market46174
6%

Pricing History

Listed for Sale

Mar 5, 2026

$799,990

$850,000

-6% Price Drop

Initial Listing

Price Change

Jan 19, 2026

$850,000

Initial Listing

Sold

Mar 28, 2023

$375,000

Public Record

Sold

Sep 16, 1994

$85,000

Public Record

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