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Key Details
Sold Price $925,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID GD24142204
Sold Date 12/26/24
Bedrooms 5
HOA Y/N No
Lot Size 9,213 Sqft
Property Description
This five-unit apartment complex in desirable Montecito Heights. With a 4 units 2-story apartment, featuring a first-floor unit with 3 bedrooms and 1.5 baths. The second floor includes units #3 and #4, each with 1 bedroom and 1 bath, and unit #5 is a studio with 1 bath. Additionally, the property includes a separate single-family residence (SFR) with 2 bedrooms and 1 bath and a detached four-car garage. The building boasts ample parking and sits on a large lot with ample room for growth. Additionally, it includes a separate storage building known as the "Jesus Set Me Free" blue building. Situated close to the Rio de Los Angeles State Park, an urban green space featuring hiking trails. athletic fields, playground a recreation center. The historic Lummis Home and Heritage Square Museum are unmatched cultural sites. The property offers easy access to the 5 and 110 freeways, making downtown and Dodger Stadium easily reachable, with popular restaurants like La Abeja Restaurant and King Taco nearby. This property is perfect for investors looking to expand their portfolio, this property offers significant upside for investors looking to expand their portfolio in a thriving neighborhood. Whether for rental income or owner-occupied investment, this property in Montecito Heights promises both financial rewards and a comfortable living environment for residents.
This five-unit apartment complex in desirable Montecito Heights. With a 4 units 2-story apartment, featuring a first-floor unit with 3 bedrooms and 1.5 baths. The second floor includes units #3 and #4, each with 1 bedroom and 1 bath, and unit #5 is a studio with 1 bath. Additionally, the property includes a separate single-family residence (SFR) with 2 bedrooms and 1 bath and a detached four-car garage. The building boasts ample parking and sits on a large lot with ample room for growth. Additionally, it includes a separate storage building known as the "Jesus Set Me Free" blue building. Situated close to the Rio de Los Angeles State Park, an urban green space featuring hiking trails. athletic fields, playground a recreation center. The historic Lummis Home and Heritage Square Museum are unmatched cultural sites. The property offers easy access to the 5 and 110 freeways, making downtown and Dodger Stadium easily reachable, with popular restaurants like La Abeja Restaurant and King Taco nearby. This property is perfect for investors looking to expand their portfolio, this property offers significant upside for investors looking to expand their portfolio in a thriving neighborhood. Whether for rental income or owner-occupied investment, this property in Montecito Heights promises both financial rewards and a comfortable living environment for residents.
Location
State CA
County Los Angeles
Area Los Angeles (90031)
Zoning Assessor
Building
Lot Description Curbs, Sidewalks
Story 2
Lot Size Range 7500-10889 SF
Others
Monthly Total Fees $93
Space Rent $1,199
Financing Cash
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Bought with General NONMEMBER • NONMEMBER MRML
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Mary Ellen Haywood
Broker Associate | CA DRE#01264878
Broker Associate CA DRE#01264878