3820 City Terrace Drive
Los Angeles, CA 90063
- 6 beds
- – baths
- 2,440 sqft
- 14,047 sqft lot
- $471 per sqft
- 1985 build
- – on site
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
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Last updated Sep 25, 2024
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MLS# CL24436003 —
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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Building Area Total:2440
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Building Area Units:Square Feet
Room Dimensions
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Living Area:2440
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Living Area Units:Square Feet
Location
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Directions:To reach 3820 City Terrace Drive, take I-10 E from
The Property
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Property Type:Residential Income
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Property Subtype:OTHER
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Lot Size Area:0.32
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Lot Size Acres:0.32
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Lot Size SqFt:14047
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Lot Size Units:Acres
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Zoning:LCR3
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Parcel Number:5228002005
Listing Agent
- Contact info:
- Agent phone:
- (213) 943-1884
Beds
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Bedrooms Total:6
The Community
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Association:false
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).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
9/6/24
Sep 6, 2024
|
Listed / Active | BRIDGE | $1,150,000 |
