2430 Griffin, Los Angeles, California 90031, Los Angeles, 90031 - bed, bath
ACTIVE$798,000
2430 Griffin, Los Angeles, California 90031
0Bed
0Bath
3,096Sqft
9,212Lot
Year Built
1885
Close
-
List price
$798K
Original List price
$798K
Price/Sqft
$258
HOA
-
Days on market
-
Sold On
-
MLS number
DW25240519
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).
This well-maintained triplex offering solid rental income and long-term growth potential.This single-building property includes three units totaling 4 bedrooms and 3 bathrooms. All three units are tenant-occupied with on-time payment history, making this an ideal turnkey investment. Both owner and tenants show clear pride of ownership, ensuring the property is well cared for. Property Highlights: 3 fully occupied units with consistent rent payments, Located in an Economic Opportunity Zone, Zoning allows potential for two additional units (per seller) Centrally located near major freeways, Dodger Stadium, Glendale, Pasadena, and Downtown LA With stable income, strong tenants, and development upside, 2430 Griffin Avenue presents a great opportunity for investors seeking both immediate cash flow and future appreciation in one of Los Angeles’s most active submarkets.
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
10/15/25
Listing
$798,000
Condition Rating
Poor
Built in 1885, this property is extremely old. While the listing states it's 'well-maintained' with 'pride of ownership,' the images reveal highly outdated interiors, particularly in the kitchen and bathroom. The kitchen features a basic white gas range, dated white tiled walls, and worn flooring, with no visible built-in cabinetry or modern countertops. The bathroom also shows dated white wall tiles, a basic pedestal sink, and older fixtures. These elements suggest renovations or updates that are likely 30-50+ years old, or simply very basic upkeep of original features. Given the property's age, it's highly probable that major systems (electrical, plumbing, HVAC) are significantly outdated and would require substantial repairs and rehabilitation, including extensive system replacements, to meet modern safety, efficiency, and aesthetic standards. This aligns with the 'Poor' condition criteria, indicating a need for significant investment beyond minor updates.
Pros & Cons
Pros
Turnkey Investment & Stable Income: The property is a well-maintained triplex with three fully occupied units, a consistent on-time payment history, and solid rental income, making it an ideal, immediate cash-flow investment.
Significant Development Upside: Zoning reportedly allows for the potential addition of two more units, offering substantial future appreciation and increased income potential for investors.
Strategic Central Location: Centrally located near major freeways, Dodger Stadium, Glendale, Pasadena, and Downtown LA, enhancing its appeal to tenants and contributing to long-term property value growth.
Economic Opportunity Zone Benefits: Situated within an Economic Opportunity Zone, the property may offer attractive tax incentives and benefits for investors, further enhancing its financial viability.
Demonstrated Pride of Ownership: Both the owner and tenants show clear pride of ownership, indicating a well-cared-for property that likely requires less immediate maintenance and fosters good tenant relations.
Cons
Historic Property Age: Built in 1885, the property is over a century old, suggesting potential for significant deferred maintenance, outdated infrastructure (plumbing, electrical), and higher capital expenditure needs for modernization or compliance.
Unverified Development Potential: The allowance for two additional units is 'per seller,' necessitating independent verification and extensive due diligence by the buyer to confirm zoning, feasibility, costs, and regulatory hurdles.
Potential for Outdated Systems/Layouts: Given its 1885 construction, the property likely features original or very old systems and potentially inefficient layouts, which could necessitate costly upgrades for modern tenant appeal, safety, or energy efficiency.