Los Angeles, CA 90063,3820 City Terrace Drive
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Los Angeles, CA 90063,3820 City Terrace Drive
Los Angeles, CA 90063,3820 City Terrace Drive
Los Angeles, CA 90063,3820 City Terrace Drive
Los Angeles, CA 90063,3820 City Terrace Drive
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$ 1,150,000
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3820 City Terrace Drive Los Angeles, CA 90063

6 Beds

2,440 SqFt


UPDATED:

09/25/2024 03:33 PM

Key Details

Property Type Other Types

Sub Type OTHER

Listing Status Active

Purchase Type For Sale

Square Footage 2,440 sqft

Price per Sqft $471

MLS Listing ID CL24436003

Bedrooms 6

HOA Y/N No

Year Built 1985

Lot Size 0.322 Acres

Acres 0.32

Property 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

Location

State CA

County Los Angeles

Area Listing

Zoning LCR3

Interior

Fireplace No

Building

New Construction No

Others

Tax ID 5228002005


Bridge MLS
Listed by Oscar Diaz • Marcus & Millichap

Jodi Nishimura

Founder & Realtor® | License ID: 01762935

+1(510) 459-0471

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3820 City Terrace Drive