3820 City Terrace Drive , Los Angeles, CA 90063
Los Angeles, CA 90063
Description
We are pleased to present for sale 3820 City Terrace Drive, a charming 4-unit multifamily property built in 1985, situated on a large lot in the thriving City Terrace neighborhood of Los Angeles. With a 52.83% potential increase in rental income, this property is an appealing opportunity for investors. This well-maintained property features an ideal unit mix of two 1-bedroom/1-bath units and two 2-bedroom/1-bath units, totaling 2,440 square feet of living space. Situated on a spacious 14,027-square-foot lot, the property includes eight parking spaces, offering the potential for additional income through the addition of Accessory Dwelling Units (ADUs), buyer to verify. The property is separately metered for electricity and gas, helping the owner reduce utility costs. Investors will appreciate the strong tenant profile in this area, where approximately 75% of residents are renters, ensuring a consistent demand for housing. The property's strategic location, just 1.5 miles from LAC + USC Medical Center and Keck School of Medicine, and 2.3 miles from White Memorial Hospital, places it near a major employment hub, further bolstering its rental appeal. 3820 City Terrace Drive is a prime investment opportunity in a thriving market. With significant rent growth potential, the possibility of adding ADUs, and a location that promises strong and consistent demand, this property offers a solid foundation for potential returns. Investors seeking a blend of stability and growth in one of Los Angeles' vibrant neighborhoods will appreciate the strong potential this property offers.
Details
| Mls | 24436003 |
|---|---|
| Listing Type | For Sale |
| Subtype | Resale |
| Status | Active |
| Year | 1985 |
| Days On Site | 96 |
| Listing Provided By | Marcus & Millichap 310-909-5500 | Oscar Diaz |
Features
| Beds | 4 |
|---|---|
| Baths | 4 |
| Sq Feet | 2,440 |
| Storys | 2 |
| Units | 4 |
| Buildings | 1 |
| Zoning | LCR3* |
| Acreage | 0.32 |
Market Activity 90063
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90063 |
| Area | ELA East Los Angeles |
| Listing VS Median (in 90063) | |
Price: $1,150,000 low | high Med: $750,000 SqFt: 2,440 low | high Med: 1,744 $ / SqFt: $471 low | high Med: $439 On Site: 96 low | high Med: 29.000000 | |
