POTENTIAL 4.8% CAP RATE!! ALMOST A $500,000 PRICE REDUCTION FOR THIS REMARKABLE - TOP OF THE HILL GATED AND EXCLUSIVELY-DISCRETE COMPOUND, NEXT DOOR TO A MAJOR CELEBRITY ESTATE! WELCOME TO THE 'BELLOTA ESTATE' WITH YOUR DRAMATIC LONG PRIVATELY GATED DRIVEWAY TO YOUR HIDDEN OASIS AT THE TOP, IN THE HILLS OF PRIME LOS FELIZ! YOUR FRIENDS AND FAMILY WILL CERTAINLY BE IMPRESSED! WE ARE OFFERING THIS HARD-TO-FIND GATED "HOME + 3 UNIT" COMPOUND, WITH EXTREME PRIVACY FROM THE STREETS BELOW AS WELL AS THE EYES IN THE SKY! SHOULD YOU DESIRE SECLUSION WITH THE EXCITEMENT OF VIEWS, YOU HAVE FOUND YOUR "DREAM INVESTMENT!" Why not start enjoying LIFE AT THE TOP with Views that are enjoyed by the eyes of the birds in the sky! Owner's Unit with 3 Additional Rentals! Two Duplexes, totaling Four Units (One 2 bedrm/2 bth + Three 1 bedrm/1 bth). Some suggest making this Upper Duplex into a Large 2 Story Home (already a Private 2 Story side-by-side Duplex with Two Unit Rental Duplex on your property, just down the hill). Features Include: Spacious Rooms with Bonus Areas, Fireplace, Serene Garden with Views of the City and the Griffith Park Observatory! Enchanting greenery and mature trees produce a physical layer between the property and the rest of the world! On Google images, an aerial view of the property is obstructed by prosperous evergreens, adding to your Privacy! The BELLOTA ESTATE is hidden away, yet easy Access to just about Everywhere: The Park, The Greek Theatre, Golf Courses, Tennis Courts, Freeways, all the Schools, and so much more! Plenty of Parking + 2 Garages! Apartment-Homes include Stove, Refrigerator, Dishwasher, Microwave, Stainless Steel, A/C! All Units are Month-to-Month! This Estate is just next door to the Earle C. Anthony CELEBRITY ESTATE that recently sold! Earle C. Anthony developed the first Electric Automobile to run in Los Angeles in the year 1897! The BELLOTA ESTATE also offers a HUGE LOT, VIEWS, SERENITY, and the list goes on and on, including Hide-A-Way conversation areas among the exquisite full-grown Trees and Lush Landscape! Get away from it all and enjoy this Rare Los Feliz Lifestyle Opportunity! SOME INVESTORS MAY CONSIDER A POTENTIAL HUGE CELEBRITY DEVELOPMENT OF THEIR OWN WITH A SECLUDED MANSION, PLUS GUEST HOUSES, ENJOYING PICTURESQUE VIEWS FROM THE CITY TO THE OCEAN! TRULY A UNIQUE PROPERTY WITH LOTS OF POTENTIAL, NOT TO BE MISSED!
Courtesy of Bruce Jay, Bruce Jay Associates
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Data last updated 9/24/22