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Key Details
Sold Price $1,271,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Other (Othr)
MLS Listing ID PW19266805
Sold Date 02/27/20
HOA Y/N No
Year Built 1961
Lot Size 6,534 Sqft
Acres 0.15
Property Description
BACK ON THE MARKET 30K PRICE DROP, PREVIOUS BUYER DID NOT CLOSE! NOW IS YOUR OPPORTUNITY! One of the most beautiful & richly preserved Craftsman properties in Bluff Heights. Sustainable rental income from additional units that will help pay most of your monthly mortgage! 359 Orizaba in Historic Bluff Heights has it ALL! Main house is a 1920s Craftsman that is 3 bed/ & 2 baths, with a stunning private backyard oasis. HUGE renovated backyard, hot tub, & grilling area. Brand new mahogany fence was installed to give privacy from back units. Sellers have METICULOUSLY accounted for every inch of this home and it shows! Indoor laundry room & a stunning Master en suite bathroom with brand new shower & completely replaced plumbing. 3 car garage, and a drive way for two cars. Total of 5 parking spots!
2 units in the back of the house. Mother-In-Law studio unit that has been renovated & currently earns between $2400-$3400 PER MONTH on Airbnb. Also behind back house is 1Bed/1Bath, approx. 480 sqft. Rented for $1300/ month on a month-month lease.
Sellers have used the income from the one bed /1 bath unit ($1300 per month) & Airbnb Mother-In-Law studio ($2400-3400 per month) to pay the mortgage in full every month. You will not get that elsewhere in Bluff Heights living in such a luxuriously Craftsman front home! The front home is detached from back units!
Perfect for owner use OR investor to make even more profit from renting the front house as well!
Location
State CA
County Los Angeles
Area 2 - Belmont Heights, Alamitos Heights
Zoning LBR2A
Rooms
Ensuite Laundry Inside
Interior
Laundry Location Inside
Heating Floor Furnace
Fireplace No
Laundry Inside
Exterior
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Suburban
Total Parking Spaces 5
Private Pool No
Building
Lot Description 2-5 Units/Acre
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7257010025
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Matt Thomas • RE/MAX College Park Realty
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