3608 Griffin Ave. | Los Angeles CA 90031
3608 Griffin Ave.
Montecito Heights, CA 90031
List Price: $689,000
Property Details:
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.
Montecito Heights, CA 90031
List Price: $689,000
Property Details:
- 3 unit property
- 6 bedroom (2 bedrooms per unit)
- 3 bathroom (1 bathroom per unit)
- 1,848 sq.ft. living space
- Lot: 7,501 sq.ft.
- Year Built: 1924
- Spanish style
- Easy access to freeways and downtown Los Angeles
- Beautiful mountain views
- Renovated rear Spanish cottage
- Large property
- Great investment property - GRM 12.5
- Excellent Rents
Unit 1: $1,550 (2 bedrooms + 1 Bathroom)
Unit 2: $1,495 (2 bedrooms + 1 Bathroom)
Unit 3: $1,700 (2 bedrooms + 1 Bathroom)
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.
