$995,000

Multi-family dream site! This triplex is located in the Rose Hill neighborhood of Montecito Heights and is waiting for a new owner to maximize this property's potential. This street-to-street lot (Beryl St and Huntington Dr. N.) provides a great income opportunity or future development site (up to 7 units can be built - buyer to verify). It also suits an owner-investor who wants to live in one of the units while deriving income. Two units will be delivered vacant at the close of escrow, which means market rents can be immediately obtained. The middle unit will remain rented and is currently under rent control. There is ample parking for all the units as the property has driveways on either side. The property is located next to Rose Hill Rec Center and a short distance to Rose Hill Park. Furthermore, it's about 2 miles from USC Keck Medical, LA County Hospital, and about 5 miles from the Huntington Memorial Hospital and Pasadena. Other shops and restaurants are conveniently located in neighboring El Sereno and Highland Park and provide access to everything needed. The area is undergoing recent growth which includes several residential development sites nearby.

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