$1,400,000
Accepting Backup Offers

2714 Montecito Street

Los Angeles, CA 90031
2680 sqft | 5 beds | 0.15 acres | #24455207
Listing OfficeEquity Los Angeles
Browse 72 photos
Type:Multi-Family
Structure:House
Zone:Commercial

Description

DELIVERED VACANT. An 1890 Victorian era multi-family compound, completely remodeled and upgraded to current building codes and standards. Full of charm and character with 11 foot high ceilings, carved trim and an exposed interior brick chimney (decorative) that gives New York railroad apartment meets vintage London flat. Very private and fully fenced and gated. Surrounded by a drip irrigated and lush garden that boasts fruiting trees of guava, avocado, loquat, citrus as well as apple- all edible and delicious. Downstairs holds a spacious 2 bedroom 2 bath and a 1 bedroom 1 bath unit while upstairs you have a light filled 2 bedroom 1 bath unit with city views. Additionally, a detached 2 car garage could be a great ADU conversion opportunity or a useful workshop/ studio space with 220v electricity. Combined with a large driveway area there is enough room for up to 6 vehicles behind an electric gate. With so much potential for expansion and creativity while also being totally functional as is, this property could be equally ideal for an owner user or an investor looking to add a solid income producing property to their portfolio. Ready to be rented out at current market rents and very conveniently located in northwest Lincoln Heights just a few minutes from Highland Park and Cypress Park. This is a rare opportunity to swoop up a vacant and stylish multi-family in a unique pocket of North East Los Angeles

  • Interior Details
      • Bedrooms5
  • Property Details
      • ViewCityLights
      • Lot DescriptionLandscaped
    • Measurements
      • Acres0.1474
      • Square Feet2680
    • Parking
      • Parking Spaces2
  • Construction Details
      • Property TypeMulti-Family
    • Condition
      • Year Built1890
    • Material information
      • FoundationRaised
  • Utilities / Energy Details
      • Utility SourcePublic
      • Sewer InformationOther
  • Community and Neighborhood Details
      • CountyLos Angeles
  • Financial Details
      • Original List Price$1,400,000
  • Other
      • MLS #24455207

Location

SparrowLily Realty, Inc.Real Estate Group
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years

Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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Loan Amount
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