4547 Griffin Avenue

Description

Prime Location – Versatile Income Property in Montecito Heights! Located in the highly desirable Montecito Heights neighborhood near Downtown, Monterey Hills, and South Pasadena, this income-generating property offers both convenience and tranquility. Within walking distance to Walnut Forest Hiking Trail, where you can enjoy a beautiful scenic hike with breathtaking views. The trail is slightly hilly with shaded areas, and at the top, you'll find a peaceful pond surrounded by turtles, diverse bird species, wildlife, and lush nature, including vibrant flowers, trees, and various plants. Nestled in a quiet area near a nature park with additional scenic hiking trails, this property is an ideal opportunity to live in one unit while renting out the others. The property consists of two separate buildings, with all units thoughtfully remodeled, including updated kitchens, bathrooms, flooring, windows, fresh paint, and central A/C. Upgrades include 10 closets, 22 installed windows, and wiring electric for the back unit. Back Unit: A private single-family dwelling featuring 3 bedrooms, 2 bathrooms, and a patio. Front Unit – 1st Floor: A 2-bedroom, 1-bathroom unit with a serene nature view. Remodeled about a year ago, it will be delivered vacant at the close of escrow. This unit also comes with a private 1-car garage equipped with an electric vehicle charger. Front Unit – 2nd Floor: A spacious 4-bedroom, 2-bathroom unit, also offering beautiful views. Additional features include a total of 3 garages, onsite parking for three cars, and a coin-operated laundry generating approximately $150 per month in extra income. Don't miss this incredible investment opportunity in a sought-after location!

Listing information courtesy of: Youngsil Kim, Coldwell Banker Best Realty 213-700-3709. *Based on information from the Association of REALTORS/Multiple Listing as of 02/12/2025 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.