6 unit multi family residence. Convenient location, near Chinatown, 2 blocks from Broadway, close to downtown LA, Dodgers Stadium, access to public transportation, and freeways. Two buildings, One 3 bed 1 bath, two 2 bed 1 bath, and three 1 bed 1 bath, 9 parking spaces. Good cash flow, low maintenance, easy to rent and manage. High cap at 6.01 %, great potential and good investment. Good size lot over 8,000 SF. Cash offers only thank you.
Listing provided courtesy of
, Coldwell Banker George
Additional Property Details
Gross Operating Income
Known for its hilly terrain, Montecito Heights has been dubbed the Wilderness in the City. Neighbored by El Sereno, Lincoln Heights, and Mount Washington, Montecito Heights is atop the Monterey Hills that divide the Los Angeles Basin from the San Gabriel Valley and provides spectacular city views. The community has always attracted artists and visionaries and Jackson Pollock is a former resident of the area.
Real Estate: Montecito Heights is full of older homes including Craftsman and bungalows. Many have been restored to preserve the unique charm of the area. The area also is home to several condominium complexes and apartments for rent are also available.
Community Life: The Ernest Debs Memorial Park is an urban preserve that is home to an Audubon Center and hosts many community programs and tours. The area is known for beautiful birds and falcons, eagles, owls, and other birds are often spotted.
Education: Montecito Heights is served by the Los Angeles Unified School District which includes Latona Avenue Elementary, Glen Alta Elementary, and Bushnell Way Elementary. The Los Angeles International High School is also located in the area.
Transportation: Montecito Heights can be accessed by the 110 Freeway. The area is served by the Gold Line at the Heritage Square station.
Local Attractions: Lummis House is a Rustic American Craftsman stone house built in the late 19th century, is on the National Register of Historical Places and was designated as Los Angeles Historic-Cultural Monument and a California Historical Landmark.
The Heritage Museum is a collection of preserved Victorian homes moved to the area to create a living history museum that offers tours and special events.
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