NEW TIC COMMUNITY| 240-242 Isabel St. Mt. Washington| $400,000

NEW TIC COMMUNITY| 240-242 Isabel St. Mt. Washington| $400,000

Charming Mt. Washington Retreat


A character-filled home in the coveted Mt. Washington enclave, bright with natural light and original details. This upper 1-bed unit features a gently updated kitchen with a private walkout patio with southernly views of a skyline of green hills. Hardwood throughout, the living space is accented by period trim and molding reflecting the history of this 1925 gem. French doors to a roomy den perfect for an office or dining for a large party, a breakfast nook, remodeled bath with terra-cotta tile, in-unit laundry and AC. This gated Spanish intimate community of two, features a common landscaped front yard, private driveway and garage. Low HOAs.


240-242 ISABEL ST. HOA
A 2-UNIT TIC COMMUNITY | ONE UNIT AVAILABLE SUMMER 2020


240 Isabel St.


  • 240Isabel.com
  • $400,000 list price
  • 2 bed 1 bath
  • 685 square feet
  • HOA dues $250
  • Upper unit
  • Private single-car garage
  • Balcony

242 Isabel St.

  • Available September 2020
  • $400,000 list price
  • 2 bed 1 bath
  • 685 square feet
  • HOA dues $250
  • Lower unit
  • Private back yard
  • Detached storage room


240-242 Isabel St. HOA FAQ, a Tenants in Common (TIC) Community:

  • There are 2 units total in this community.
  • HOA dues cover water, insurance, gardener, finance management. 
  • HOA owners are responsible for common area maintenance (each co-owner’s portion is based on their square footage).
  • Owner pays for their unit gas and electric (each unit is individually metered for gas and electric).
  • Insurance covers the entire property.
  • Pets are allowed.
  • Rental restrictions apply.
  • No permission needed to sell your unit.
  • With TIC you have similar usage and renovation rights as a condo owner.
  • This is a new TIC community. 
  • We do not need to close both units concurrently 
  • We can close one unit at a time

TIC sale with financing available – with as little as 10% down thru Sterling Bank, Henry Jeanes, hjeanes@sterlingbank.com.


ABOUT THE RENTAL GIRL & HOW WE GOT INVOLVED WITH TENANTS IN COMMON (TIC):

  • Read more about TIC ownership HERE
  • Download a copy of our TIC Field GuideHERE
  • View all our current TIC offerings HERE
  • The Rental Girl + TIC + Our Story HERE
  • Visit Andy Sirkin’s website for more research on TIC sales HERE
    (Andy is the TIC attorney who pioneered TIC sales in the early 80’s in San Francisco. His website has a wealth of info on TIC ownership).
  • View TRG + TIC in the News, for Press & Media go HERE
  • If you are a buyer or investor interested in purchasing or developing a TIC, contact an experienced TIC Realtor® on our team.

Liz McDonald Broker and Founder of The Rental Girl

Elizabeth McDonald, Broker & TIC Co-Lead
liz@therentalgirl.com
The Rental Girl
323-313-5780 / Cell
BRE Lic #: 01449897 


The Rental Girl (therentalgirl.com) is a full service Real Estate brokerage specializing in residential leasing and sales. We have been serving renters and landlords since 2004. We work with thousands of Los Angeles renters each year, and many of these renters are qualified to buy, but can’t afford or find a home in a neighborhood they want to live. In 2016, a client of ours introduced us to TIC ownership and we saw immediately how many renters and entry level buyers in LA could benefit from a TIC market here. We met with Sterling Bank, who was working actively to pioneer a TIC market in LA, and other San Francisco vendors. And so began our research on TICs. Since then, we have helped bring many TIC units to the market, and we have many new TIC communities coming soon. With every new TIC building that hits the market, more renters, landlords and realtors are discovering TIC sales and the TIC movement is growing rapidly. We love to share our accumulated knowledge, and support our real estate colleagues, landlords and renters and the TIC community.


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