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

3224 Griffin
Los Angeles, California 90031
Property Price
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
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3224 Griffin Subject | $799,990* List Price | 4 | 2 | 1,206 | $705 | - |
A 126 W Avenue 31 Sold | $954,000 | 3 | 2 | 1,223 | $780 | 0.2 mi |
B 957 Montecito Drive Sold | $925,000 | 3 | 2 | 1,223 | $756 | 0.7 mi |
C 3745 Roberta Sold | $985,000 | 3 | 3 | 1,656 | $595 | 0.8 mi |
D 3216 Altura Active | $1,000,999 List Price | 3 | 2 | 1,229 | $814 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
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structure may require ongoing maintenance, the visible components and finishes are well-maintained and do not appear outdated, fitting the 'Good' classification.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
Loreto Street Elementary School
Grades K-5 • 0.4 mi
Gates Street Elementary School
Grades K-5 • 0.8 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 74% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,206 | 1,315 | 35% |
| Lot Size | 4,385 | 4,871.5 | 24% |
| Price | $800.0K | $930.0K | 41% |
| Price per sq ft | $663 | $724 | 44% |
| Built year | 1910 | 1926 | 32% |
| HOA | $0 | $0 | 50% |
| Days on market | 46 | 174 | 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





































