Listed By:
Coldwell Banker Best Realty, 213-700-3709, Youngsil Kim
Local Realty Services Provided By:
Keller Williams Realty
Overview
What It'll Cost
Neighborhood
Similar Homes
$1,785,000
4547 Griffin Avenue, Los Angeles, CA 90031
3,439
sq ft
.17
ac
Log In to Reveal Price
$1,785,000
4547 Griffin Avenue, Los Angeles, CA 90031
Estimation provided by Keller Williams Realty Inc.
3,439
sq ft
.17
ac
Active
For Sale
Property Description
Prime Location – Versatile Income Property in Montecito Heights!
Located in the highly desirable Montecito Heights neighborhood near Downtown, Monterey Hills, and South Pasadena, this income-generating property offers both convenience and tranquility. Within walking distance to Walnut Forest Hiking Trail, where you can enjoy a beautiful scenic hike with breathtaking views. The trail is slightly hilly with shaded areas, and at the top, you'll find a peaceful pond surrounded by turtles, diverse bird species, wildlife, and lush nature, including vibrant flowers, trees, and various plants.
Nestled in a quiet area near a nature park with additional scenic hiking trails, this property is an ideal opportunity to live in one unit while renting out the others.
The property consists of two separate buildings, with all units thoughtfully remodeled, including updated kitchens, bathrooms, flooring, windows, fresh paint, and central A/C. Upgrades include 10 closets, 22 installed windows, and wiring electric for the back unit.
Back Unit: A private single-family dwelling featuring 3 bedrooms, 2 bathrooms, and a patio.
Front Unit – 1st Floor: A 2-bedroom, 1-bathroom unit with a serene nature view. Remodeled about a year ago, it will be delivered vacant at the close of escrow. This unit also comes with a private 1-car garage equipped with an electric vehicle charger.
Front Unit – 2nd Floor: A spacious 4-bedroom, 2-bathroom unit, also offering beautiful views.
Additional features include a total of 3 garages, onsite parking for three cars, and a coin-operated laundry generating approximately $150 per month in extra income.
Don't miss this incredible investment opportunity in a sought-after location!
Assessed Value is a combination of the land and additions.
2023
$8,322
(+4.68%)
$641,116
Land 479,395 +
Additions 161,721
2022
$7,950
(+1.41%)
$616,223
Land 460,781 +
Additions 155,442
2021
$7,840
(-28.76%)
$616,223
Land 460,781 +
Additions 155,442
2019
$11,005
(+19.8%)
$609,906
Land 456,057 +
Additions 153,849
2017
$9,186
$586,225
Land 438,349 +
Additions 147,876
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.
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