3811 Monterey Road is strategically located in the highly sought-after Monterey Hills submarket, which is adjacent to Highland Park, Pasadena, and Downtown Los Angeles. With three private homes on a single lot, totaling ±2,375 SF of building on a huge ±9,985 SF lot. The subject property is comprised of a one bedroom + one bath house, a two bedroom + one bath house and a three bedroom + two bath house. The current owners just put brand new roofing on all three homes. This value-add opportunity, allows an investor the opportunity to increase income and value by renovating and re-tenanting the property to achieving market rents.
This area is surrounded by attractive apartments and just short drive to increasingly popular restaurants which draws a wide range of creative professional tenants. Its proximity to USC Medical Center and the Biotech Corridor also draws many researchers, students, and young professionals.
*Buyer to verify all information with city. Per title Square Footage shows 1,436.