3820 City Terrace Drive
Los Angeles, CA 90063
- – beds
- – baths
- – sqft
- 14,047 sqft lot
- 1985 build
- – on site
We are pleased to present for sale 3820 City Terrace Drive, a charming 4-unit multifamily property located in the vibrant City Terrace neighborhood of Los Angeles. Built in 1985, this property offers a unique advantage as it is not subject to Los Angeles City Rent Stabilization Ordinance (RSO), but is instead covered by AB 1482 statewide rent control, allowing for greater rent growth potential. 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.
Listed By CRMLS_CA / Oscar Diaz / Marcus & Millichap
Last checked:
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Last updated Sep 14, 2024
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MLS# 24436003 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1985
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New Construction:No
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Building Area Total:2440.00
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# of Buildings:1
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Total Number Of Units:4
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Stories Total:2
Interior
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Levels:Two
Location
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Directions:To reach 3820 City Terrace Drive, take I-10 E from Downtown LA, merge onto I-710 N, then exit at Ramona Blvd. Head east, turn left onto Eastern Ave, and right onto City Terrace Dr. Continue for about 1 mile; the destination will be on your right.
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Latitude:34.05513800
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Longitude:-118.18297000
The Property
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Property Type:Residential Income
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Zoning:LCR3*
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Lot Size Area:14047.0000
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Lot Size Acres:0.3225
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Lot Size SqFt:14047.00
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Lot Size Source:Assessor
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5228002005
Appliances
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Included:Yes
The Community
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Senior Community:No
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Association:No
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Assessments:No
Parking
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Parking:Yes
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date | Event | Source | Price | % Change |
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9/6/24
Sep 6, 2024
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Listed / Active | CRMLS_CA | $1,150,000 |