Two Homes On A Lot In Mount Angelus!

I'm proud to present this gorgeous property located in the Historic Highland Park Neighborhood of Mount Angeles.

344 Stowe Terrace

private front court yard of main house

When you think '2 on a lot', you probably think of all those that have a 2 bedroom in front and a 1 bedroom in back.  Well, here's a change of pace!  The main house is a 2-story, 4-bedroom house with a den!  The garage is in front and the front yard is provided privacy by a tall hedge. Mount Angeles 2 on a lot - living room The inviting living room is filled with natural light from 2 sides and leads directly into the formal dining room with its original corner built-ins and coved ceiling. Mount Angeles 2 on a lot  dining room There are new hardwood floors downstairs and the original wood floors upstairs are in great condition. Mount Angeles 2 on a lot  updated kitchen Completely updated kitchen has stainless appliances, built in wine fridge and marble counter tops. Mount Angeles 2 on a lot  kitchen nook The built in kitchen nook is a relaxing spot with a view of the waterfall in the back yard. Mount Angeles 2 on a lot  has one bedroom used as a work out room With four bedrooms, there are many options. The current owners use one of them as an exercise room. Check out the lovely original flooring. Mount Angeles 2 on a lot  has one bedroom used as a media room Another bedroom is set up as a media room.  The new owner can use these rooms in any way that works best for them. Yes, I DID say there are 2 houses on this lot.  The property sits at the corner of Stowe Terrace and outlook in Mount Angelus.  The 2 story 1939 traditional faces Stowe, while this adorable second home faces Outllook Avenue. Mount Angeles 2 on a lot  1926 Spanish 1926 Spanish home has 2 bedrooms, 1 bath, inside laundry and a usable basement space below.  It may be hard for you to decide which home you'd rather live in! Mount Angeles 2 houses on a lot 1926 Spanish has beamed ceilings, original windows and hardwood floors This second house has all the character you'd expect from beamed ceilings, original wood windows to gleaming hardwood floors. The second house also has a formal dining room This second home also has a formal dining room and a ton of natural light. There is plenty of room to entertain guests. Mount Angelus Spanish bungalow has an updated kitchen and inside laundry Currently listed at $799,000.  If you like what you see in the pictures, you'll like it even more in person!   Give me a call to arrange a personal showing. Jenny Durling, Broker L.A. Property Solutions 213-215-4758

Discussion

#1 By Bryan at 11/16/2013 3:10 PM

How do you finance a property like this? Are both house legal rental units? If so, do you need two different type of home insurance one being a rental property insurance?

#2 By Jenny Durling at 11/16/2013 4:03 PM

Hi Bryan,
Buying 2-4 units is similar to buying a single family home as far as financing goes. You can typically count 75% of the rental income towards qualifying for the loan too. When you buy a property with 2 unattached houses as this one, you would need 2 separate insurance policies. Both houses can be owner occupied, rented or one of each. If you rent them both, the insurance would be less expensive since you are responsible for the buildings but not the belongings. (When you have tenants, always write into the rental agreement that the tenants are required to obtain their own renter's insurance policy.) If you live in one or both, the owner occupied unit(s) require you to insure both the building and your belonging for best coverage. Let me know if you have any other questions or if you are interesting in buying a property in the L.A. area. I can hook you up with great loan officers as well as insurance agents as well.

Post a Comment

Blog Archives

Posts By Category

All Categories Altadena (1) Art Deco (2) Atwater Village (3) Bank Owned (5) Buying a Home (39) Condos (9) Contemporary/Modern (3) danger of foreclosure (4) Eagle Rock (2) Echo Park (15) Featured Blog Posts (7) Foreclosures (1) Franklin Ave Elementary Homes (3) Glassell Park (1) Highland Park (2) Hollywood Hills (12) Home Improvements (4) Income Property (2) Ivanhoe Elementary Homes (1) Local things to do (28) Los Angeles Info (15) Los Angeles Real Estate Market (1) Los Feliz (25) Mid Century/Mid Century Modern (1) Modern (1) Montecito Heights (1) Really?! (3) Selling a home (7) Selling Your Home (1) Short Sale info for sellers (3) Short Sales (7) Silver Lake (35) Small Lot Subdivisions (1)

Posts By Month

Grab Our RSS Feed