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3109 George St
Los Angeles, CA 90031 Montecito Heights

$500,000 USD

Apartments For Sale  •  2,704 SF

Property Details

• Property Type Apartments
• Total Building Size 2,704 SF
• Lot Size 0.21 AC
• Building Class C
• Year Built 1923
• Cap Rate 6.07 %
• Zoning LARD3

60 Transit Score

70 Walk Score

Highlights

Offered At an Attractive Basis

74% Upside in Rents

Four (4) Spacious One-Bedroom Units

Two Separate Parcels Totaling Approximately 9,000 Square Feet

Potential For ADUs or Future Development

Financial Summary (Actual)

Net Operating Income: $30,368 USD (2026)

Cap Rate:	6.07 %
Total Expenses:	$17,930 USD

Amenities

• 24 Hour Access
• Kitchen

Public Transportation

Commuter Rail	Drive	Walk	Distance
	8 min	-	2.6 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	9 min	-	2.6 mi
Transit/Subway	Drive	Walk	Distance
Lincoln Heights/Cypress Park Station (Gold Line - Los Angeles County Metropolitan Transportation Authority (Metro))	4 min	19 min	1.0 mi
Airport	Drive	Walk	Distance
Bob Hope	23 min	-	15.6 mi
Los Angeles International	32 min	-	21.9 mi
Long Beach (Daugherty Field)	35 min	-	24.0 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	5
Type:	Surface
Included in Rent:	Yes