3580 Griffin, Los Angeles, California 90031, Los Angeles, 90031 - 2 bed, 1 bath
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Los Angeles, California 90031
This Value-Add Residential Asset represents a Prime Investment Opportunity with a List Price of $499,999—positioned well below the $510,427 Fair Market Value by 2%. This valuation gap secures $10,428 in Instant Equity for the incoming owner. While the property carries a Condition Rating of 4 due to its dated 1906 infrastructure, it features a panoramic LA skyline view and a functional open layout. Located in the high-growth Lincoln Heights area near the Metro Gold Line, this home offers significant appreciation potential through modernization. It is an ideal acquisition for Buy-and-Hold Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3580 Griffin Subject | $499,999* List Price | 2 | 1 | 684 | $746 | - |
A 220 E Avenue 38 Active | $649,900 List Price | 2 | 1 | 780 | $833 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Originally built in 1906, the property is functional but significantly dated. The kitchen and bathroom feature older tile work and cabinetry likely exceeding 20 years in age. Climate control is limited to a dated wall heater and window AC units rather than a modern central HVAC system. While the interior has been refreshed with newer laminate flooring, the overall infrastructure and finishes require modernization and minor repairs.
Middle School: South Pasadena Middle School (9/10). High School: South Pasadena Senior High School (9/10).
Situated in the rapidly developing Lincoln Heights neighborhood, this property offers excellent proximity to the Metro Gold Line and Downtown LA, providing significant long-term appreciation potential.
Priced under $500,000, this single-family home represents a rare and accessible entry point into the competitive Los Angeles real estate market for first-time buyers or investors.
The property is located up a flight of stairs from street level, which may pose significant challenges for residents with mobility issues or when transporting groceries and heavy items.
With a very modest footprint and a build date of 1906, the home offers limited square footage and may require modernization to meet contemporary storage and utility needs.
Charming and inviting 2-bedroom, 1-bath home nestled in the heart of Lincoln Heights. This quaint starter home features an open kitchen, dining, and living space that create a comfortable and functional layout. Situated within a unique courtyard-style setting, the property offers a cheerful yard perfect for relaxing or entertaining. Additional highlights include a 1-car detached garage at street level. The house is the 2nd one on the right-hand side as you go up the stairs from street level. The garage is 2nd to the right from the entry stairs to the houses above. Ideally located in one of Los Angeles’ most up-and-coming neighborhoods, Lincoln Heights continues to experience exciting growth with a vibrant mix of new dining, local eateries, and boutique shopping options. Conveniently located near the Metro Gold Line, providing easy access to Chinatown, Downtown Los Angeles, and surrounding areas. A wonderful opportunity to own in a thriving community with strong upside potential. Pictures have been virtually staged and or altered.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.4 mi
Grades K-6 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 24% |
| Baths | 1.0 | 2.0 | 17% |
| Square foot | 684 | 1,344 | 3% |
| Lot Size | 2,892 | 4,936 | 7% |
| Price | $500.0K | $985.0K | 3% |
| Price per sq ft | $731 | $744 | 48% |
| Built year | 1906 | 1926 | 24% |
| HOA | $0 | $0 | 50% |
| Days on market | 11 | 116 | 7% |
Apr 22, 2026
$499,999
Initial Listing