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3811 Monterey road
los angeles, CA 90032
3811 Monterey Rd-7.jpg

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.  

Purchase Price: $759,000

Attractive Price Per SF Lot: $72.61
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Alex Reyhan

Vice President

310-300-3181 Direct

310-259-3939 Mobile

Alex@HirthGroup.com

License CA: 02005428

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Daniel Hirth

Managing Director

310.300.2838 Direct

818.201.5268 Mobile

Daniel@HirthGroup.com

License CA: 01515796

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GET IN TOUCH:

NEVER MISS A LISTING:

Tel: 310-300-2838

daniel@hirthgroup.com

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