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3608 Griffin Avenue, Montecito Heights, CA 90031

6 Bed, 3 Bath Multi-Family Home For Sale

3608 Griffin Avenue, Montecito Heights, CA 90031 House For Sale - MLS #16141762
Under Agreement
$689,000
6
3
Multi-Family
3 Family
This listing is courtesy of Brian Fitzburgh from Fitzburgh Realty.

Property Description for 3608 Griffin Avenue, Montecito Heights, CA 90031

WOW! Beautiful, well maintained Spanish style property. Front building is a duplex - each side-by-side unit has 2 bedrooms + 1 bath. In the rear is a Spanish cottage with 2 bedrooms + 1 bath and it's vacant:). Large property nestled at the base of Montecito Heights. Great views of surrounding mountains. Easy access to major freeways and Downtown Los Angeles. With today's low interest rates and a 20% down payment, your total monthly housing costs would be ~$3,477. You can collect the rent for all three units ($1,550 + $1,495 + $1,700) and a positive cash flow of $1,268/month. AND if you live in the back unit, you pay only $432 while your tenants pay the rest of your mortgage.

Interior Details

1,848 sq. ft.
$372.84/sq. ft.

Exterior Details

0.17 acres
7,501 sq. ft.

Other Details

16141762
1924

Units Description

Unit #1
Bedrooms: 2      Full / Half Baths: 1      Rent: $1,550     

Unit #2
Bedrooms: 2      Full / Half Baths: 1      Rent: $1,495     

Unit #3
Bedrooms: 2      Full / Half Baths: 1      Rent: $1,700     

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(20%)

Monthly Mortgage Payments

$3,130
$4,359

Town Description

Montecito Heights' boundaries are roughly the Pasadena Freeway (SR 110) or the Arroyo Seco on the northwest, Pasadena Avenue on the west, Avenue 39 to the south, Huntington Drive to the southeast,...

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