Look no further- this is the investment opportunity you have been waiting for- three units- excellent rents providing an exceptional return on investment for the lucky Buyer. GRM = 12.5 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. 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 ~$3,458. You can collect the rent for all three units ($1,545 + $1,495 + $1,700) and have a positive cash flow of $1,282/month. AND if you live in the back unit, you pay only $418 while your tenants pay the rest of your mortgage.
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