3608 Griffin Ave.
Montecito Heights, CA 90031
List Price: $689,000
WOW! Beautiful and well maintained Spanish style property. Front building is a duplex - each side-by-side unit has 2 bedrooms + 1 bath. In the rear is a Spanish cottage with 2 bedrooms + 1 bath. Large property nestled at the base of Montecito Heights. Great views of surrounding mountains. Easy access to major freeways and Downtown Los Angeles. With today's low interest rates and a 20% down payment, your total monthly housing costs would be ~$3,477. You can collect the rent for all three units ($1,550 + $1,495 + $1,700) and a positive cash flow of $1,268/month. AND if you live in the back unit, you pay only ~$432 while your tenants pay the rest of your mortgage.
5 Star Realtor in Montecito Heights, CA!