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3022 Terry Place

Los Angeles, CA 90031

– beds
– baths
– sqft
9,887 sqft lot
1956 build
– on site

Investors are going to love the rents on this absolute gem of an investment property. Not only is this property very unique for the area, it also boasts having 2 of its 3 units being professionally redesigned and remodeled. The property has also been kept up immaculately for many many years. The owners have invested significantly not just inside, but also in wonderful landscaping and lots of outdoor areas for serene relaxation and exquisite entertaining. There are also amazing views all over, including right from the driveway. Two units have superb views ranging from the Dodgers Stadium fireworks show to Downtown Los Angeles and far beyond. And the generously sized 3rd-story balcony in 3022 Terry also boasts what can only be described as one truly epic view. I can talk all day about what a wonderful property this is. But it's the tenants happiness and adoration for living here that speaks the loudest. They gush about how much they love all the privacy and the property's well-hidden feel...while still being just a hop, skip or jump away from everything wonderful in the area. Oh and did I mention that Downtown LA is also just 5 min away? Instead of continuing to go on and on, here is a quick list these homes many wonders. -Each unit has its own private yard, laundry, 2 parking spaces -Mature fruit trees (limes, orange, banana, avocados, fig) -Drought tolerant landscaping with programmable irrigation -Hidden, dead-end street -Close to downtown -Close to many freeways -Great tenants and no problems finding tenants that would love to live here. -Great rents -One Duplex, 1 House -Even higher rental income potential -No repairs necessary -Minimal maintenance -2 completely renovated units So DO NOT miss out on this very rare opportunity that is as good as it gets in the area, while still somehow having even more future earnings potential. Or you'll be kicking yourself later.

Listed By CRMLS_CA / Jose Cordova / Jose Cordova, BROKER / 323-350-4900

Last checked: Checking… • Last updated Feb 22, 2025 •

MLS# AR25039446 —

This property is listed in more than one place. See it here.

The Building

Year Built:

1956
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Drywall Walls, Glass, Stucco
Building Area Total:

3548.00
Building Area Units:

Square Feet
Total Number Of Units:

3
# of Buildings:

2
Architectural Style:

Contemporary, Custom Built, Modern
Roof:

Common Roof
Foundation:

Raised
Exterior Features:

Lighting
Stories Total:

3
Entry Level:

2
Number With Patio:

3
Accessibility Features:

None
Common Walls:

No Common Walls
# of Separate Gas Meters:

3
# of Separate Water Meters:

2
# of Separate Electric Meters:

3

Interior

Features:

Balcony, Beamed Ceilings
Entry Location:

2
Window Features:

Atrium, Bay Window(s), Double Pane Windows, ENERGY STAR Qualified Windows, French/Mullioned, Garden Window(s), Screens, Stained Glass, Tinted Windows, Wood Frames
Flooring:

See Remarks
Room Type:

See Remarks
Fireplace:

Yes
Fireplace:

Great Room
Laundry:

Dryer Included, Gas & Electric Dryer Hookup, In Closet, Individual Room, Inside, Stackable, Washer Hookup, Washer Included
Laundry:

1

Location

Directions:

From N. Broadway go north on Johnston, turn right onto Terry Pl right before Minnesota St.
Latitude:

34.07689300
Longitude:

-118.20959700

The Property

Property Type:

Residential Income
Subtype:

Triplex
Property Condition:

Updated/Remodeled
Zoning:

LARD3
Lot Features:

2-5 Units/Acre, Back Yard, Garden, Landscaped, Lot 6500-9999, Patio Home, Paved, Secluded, Sprinklers Drip System, Sprinklers Timer
Lot Size Area:

9887.0000
Lot Size Acres:

0.2270
Lot Size SqFt:

9887.00
Lot Size Source:

Assessor
View:

1
View:

City Lights, Hills, Landmark, Neighborhood, Panoramic
Fencing:

Chain Link, Wood
Fence:

Yes
Road Frontage:

City Street
Road Surface Type:

Gravel, Paved
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

1992.01
Tax Tract:

2433
Tax Lot:

8

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5208001010
Showings Begin:

2025-02-22

Heating & Cooling

Heating:

1
Heating:

See Remarks
Cooling:

Yes
Cooling:

Central Air, See Remarks

Utilities

Utilities:

See Remarks
Sewer:

Public Sewer
Electric:

Electricity - Unknown
Green Water Conservation:

Water-Smart Landscaping
Water Source:

Public

Appliances

Appliances:

Dishwasher, Electric Range, Gas Range, Range Hood, Vented Exhaust Fan, Water Heater
Included:

Yes

The Community

Neighborhood:

Lincoln Heights/Montecito Heights Area
Features:

Biking, Street Lights
Association:

No
Pool:

None
Senior Community:

No
Private Pool:

No
Spa Features:

None

Parking

Parking:

Yes
Parking:

Assigned
Parking Spaces:

6.00
Uncovered Spaces:

6.00

Extra Units

Number With Disposal:

2
Number With Dishwasher:

3
Number With Refrigerator:

3

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Max Internet Speed

AT&T Internet

Provided by BroadbandNow®

Sale history

Date	Event	Source	Price	% Change
2/22/25 Feb 22, 2025	Listed / Active	CRMLS_CA	$1,399,990	169.2% (14.6% / YR)
7/15/13 Jul 15, 2013		CRMLS_CA	$520,000

Multifamily For Sale

$1,399,990

Listing provided by broker:

Jose Cordova

Jose Cordova, BROKER

323-350-4900

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This multifamily located in Eastside, Los Angeles, CA 90031 is currently for sale for $1,399,990. 3022 Terry Place is a – square foot multifamily with – beds and – baths that has been on Estately for 0 days. 3022 Terry Place is in the Eastside neighborhood of Los Angeles and has a WalkScore® of 83, making it very walkable. This multifamily is in the attendance area of Gates Street Elementary School, Woodrow Wilson Senior High School, Florence Nightingale Middle School, and Abraham Lincoln Senior High School.

Listing Courtesy of: CRMLS_CA and Jose Cordova, BROKER. Based on information from California Regional Multiple Listing Service, Inc. as of 15:08 on Feb 22.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.