3820 City Terrace Drive
$1,150,000
4
4
2,440
2,440
$471
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...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.
- Listed by Oscar Diaz • DRE #02022902 • Brokerage DRE #01238010 • Marcus & Millichap
Property Details for 3820 City Terrace Drive
Zoning
LCR3*
Parcel Number5228002005
Total Units4.0
Living Area2440
Source Living AreaVendor Enhanced
AreaEast LA
Vacancy Rate0
Lot Size Area14047
LISTING UPDATED: 09/25/2024 07:56 AM
Property Details for 3820 City Terrace Drive
Status | Active |
---|---|
MLS # | 24-436003 |
Days on Market | 83 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1985 |
Lot Size | 0.32 AC / 14,047 SF |
County | Los Angeles County |
Building Information for 3820 City Terrace Drive
Stories2Residences-Year Built1985Building Size-Lot Size0.32 AC / 14,047 SF
Property Information for 3820 City Terrace Drive
Property History for 3820 City Terrace Drive
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 3820 City Terrace Drive
Taxable ValueLand$535,910Additions$267,947Total$803,857
Tax Record2024$11,961 ($997 / month)
Home Facts
Total Finished SqFt2,440 SqFtAbove Grade Finished SqFt2,440 SqFtLot Size14,042 SqFtStyleQuadraplexYear Built1985ZoningLCR3*CountyLOS ANGELESAPN5228-002-005
Schools near 3820 City Terrace Drive
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Charter - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Robert F. Kennedy Elementary School PublicK to 6 | ||
Animo Ellen Ochoa Charter Middle Charter6 to 8 | ||
Woodrow Wilson Senior High School Public9 to 12 | ||
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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