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4205 Mercury Ave
For Sale $1,595,000 ($542.52 per Sq Ft)
$1,595,000 ($542.52 per Sq Ft)
- 5 Bedrooms
- 7.00 Bathrooms
- 2,940 Sq Ft
- 4,424 Sq Ft
Description
"Brand New Construction" in Montecito Heights. 2 detached homes and JADU on one lot. Separate addresses and utilities. Front house, 4205 Mercury Ave., 1650 +/- sq feet. Brand new construction. Featuring 3bd 2.5 ba. Open floor-plan. Entertainers delight. Gourmet kitchen with island sitting. Bar counters with glass cabinets. From living room, access to the outdoor deck. Multiple view decks for outdoor entertainment. Rented for 4,090.00. 4205 1/2 Mercury Ave., was the existing back house. View galore. about 1000 Square feet. Featuring, 2 storey, 2bd 2.5ba, Totally 100% remodeled in 2024. Brand new kitchen, plumbing, bathrooms, electrical, roof, windows, water heater, doors, flooring, central air/heat, electric panel and much, much more. Private outdoor patio with panoramic views. Rented for $3,075.00. 4205 1/4 is studio. about 300 +/- square feet. Rented 1,975.00. The property is located in the Montecito Heights area. It's LA's up and coming neighborhood. California living at its finest. Close to Fwy, DTLA & Pasadena. ALL tenants are Section 8 tenant. Rents are on time and guaranteed. For owner occupancy buyers, the 4205 lease terminates on 4/8/2025 and 4205 1/2 lease terminates on 5/8/2025. The rents are at PREMIUM and ACTUAL.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,595,000 |
| Property Type | Triplex (3-units) |
| Usable Sqft | 2,940 |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 2024 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 5304032006 |
| MLS # | 24456178 |
| Property ID | 320982054 |
| Lot Sqft | 4,424 |
| Zoning | LAR1 |
| Total Units | 3 |
| Days on Market | 71 |
| Original List Price | $1,595,000 |
| Date Updated | November 12, 2024 |
| Date Created | October 23, 2024 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 3 | 2.50 | $4,090 | $4,500 |
| Unit #2 | 2 | 2.50 | $3,075 | $3,300 |
| Unit #3 | 0 | 1.00 | $1,975 | $2,100 |
| Gross Income (Yr) | $ 101,400 |
| Operating Expenses | $ 8,280 |
| Net Income (Yr) | $ 101,400 |
| Cap Rate | 6.30% |
Listing Provided By
Ben Shirvanian an agent of . Lic #01190395
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