
Los Angeles, California 90031
This property presents a High-Potential Investment Opportunity with a List Price of $1,200,000—positioned slightly above the $1,170,073 Fair Market Value. While the property requires capital for the unfinished lower level, its Fair Condition Rating and unique multi-unit configuration offer significant upside. Featuring picturesque canyon views and a 5-bedroom main house with an attached ADU, this asset provides exceptional rental income potential. It is an ideal acquisition for Fix-and-Flip Investors or Owner-Occupants looking to complete a value-add project in a prime location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 600 Montecito Subject | $1,150,000* List Price | 5 | 3 | 2,300 | $457 | - |
A 3728 Borel Sold | $851,000 | 3 | 2 | 2,100 | $405 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1998 (28 years old), the property falls into the 'Fair' category as it is over 20 years old with a dated kitchen featuring original oak cabinetry and tile. While functional, the listing's description as a 'flipper's dream' and the presence of an unfinished 1/1 addition indicate that the home requires updates and construction completion to meet modern standards.
Middle School: South Pasadena Middle School (9/10). High School: South Pasadena Senior High School (9/10).
The property features a unique configuration including a 5-bedroom main house, an attached 1/1 ADU, and a third unfinished 1/1 unit, offering exceptional versatility for rental income or multi-generational living.
Situated in the highly sought-after Montecito Heights, the home provides picturesque canyon views and excellent proximity to Downtown LA, Pasadena, and local nature trails.
The bottom level is an incomplete project that requires immediate capital investment and construction expertise to finalize, which may complicate traditional financing for some buyers.
The ADU shares an interior hallway portion with the main house, and the multi-level 'flipper' condition suggests a complex layout that may require thoughtful reconfiguration to maximize privacy and flow.
PRICE REDUCTION! Located in desirable Montecito Heights, this custom-built 1998 residence offers approximately 2,300 square feet of generous living space, views of Downtown Los Angeles and Dodger Stadium, and exceptional flexibility for today’s homeowner. One APN with three separate addresses of 598, 600, and 600 1/2 Montecito. With five bedrooms and three bathrooms overall—including a four-bedroom, two-bath main residence and an attached permitted one-bedroom, one-bath Jr. ADU—the property is well suited for growing families, multigenerational living, extended family, guests, or supplemental rental income. Originally constructed as a five-bedroom, three-bath home, one of the larger bedrooms and one bathroom were later converted into the Jr. ADU. The main residence continues to offer four well-sized bedrooms, including a particularly spacious bedroom on the entry level and three additional comfortable bedrooms. The generous room sizes provide living space that can be difficult to find in many newer homes. The attached Jr. ADU offers a level of independence that distinguishes it from many similar properties. It has its own address, separate entrance, and separate water and electrical meters, allowing the homeowner and occupant to manage their utilities independently without estimating or dividing usage. This makes the space especially practical for aging parents, adult children, a live-in caregiver, long-term guests, or a tenant. The home retains much of its original 1998 character and offers the next owner an opportunity to update the finishes gradually according to their own taste and budget. Its substantial living space, large bedrooms, views, and permitted Jr. ADU can be enjoyed while improvements are completed over time. The unfinished additional lower-level space with separate exterior access, address, and utilities, provides further possibilities for future customization or expansion, subject to buyer investigation and applicable approvals. Construction was halted several years ago due to the owner's passing, and the space is in various stages of approvals with the City. Whether envisioned as a spacious primary residence, a multigenerational home, or a property offering both personal use and supplemental income, this Montecito Heights home presents a unique opportunity to create something special while benefiting from the space and flexibility already in place. Property is ideal for BOTH a flipper as well as owner-occupier. Won't last long!
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades K-6 • 0.8 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,300 | 1,664.159 |
| Lot Size | 6,268 | 6,066.556 |
| Price | $1.15M | $1.35M |
| Price per sq ft | $500 | $806 |
| Built year | 1998 | 1939 |
| HOA | $0 | $278 |
| Days on market | 106 | 55 |
Aug 13, 2026
$1,150,000
$1,175,000
-2% Price Drop
Initial Listing
Jul 18, 2026
$1,175,000
$1,200,000
-2% Price Drop
Initial Listing
May 26, 2026
$1,200,000
Initial Listing