3820 City Terrace Drive

Los Angeles, CA 90063

$1,150,000
Price
4
Beds
4
Baths
2,440 Sq. Ft.
$471 / Sq. Ft.
2,440
Sq. Ft.
$471
per Sq. Ft.

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.
  1. Listed by Oscar Diaz • DRE #02022902 • Brokerage DRE #01238010 • Marcus & Millichap

Property Details for 3820 City Terrace Drive

Zoning
LCR3*
Parcel Number
5228002005
Total Units
4.0
Living Area
2440
Source Living Area
Vendor Enhanced
Area
East LA
Vacancy Rate
0
Lot Size Area
14047
LISTING UPDATED: 09/25/2024 07:56 AM

Property Details for 3820 City Terrace Drive

StatusActive
MLS #24-436003
Days on Market83
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1985
Lot Size0.32 AC / 14,047 SF
CountyLos 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

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 0
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $67,326
  • Net Operating Income: $43,418.00
  • Gross Income: $67,326
  • Gross Rent Multiplier: $16.74
  • Total Annual Expense: 23908
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.3225
  • Lot Size Square Feet: 14047
Parking Details
Parking Details
  • Parking Garage: Other
  • Total Parking: 0
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-06-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,250.00
  • Unit Actual Rent: $1,250.00
  • Unit Projected Rent: $1,925.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,625.00
  • Unit Actual Rent: $1,625.00
  • Unit Projected Rent: $2,450.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,325.00
  • Unit Actual Rent: $1,325.00
  • Unit Projected Rent: $1,925.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,525.00
  • Unit Actual Rent: $1,525.00
  • Unit Projected Rent: $2,450.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $262,694.00
  • Assessed Improvement Percent: 33.33
  • Assessed Land Value: $525,402.00
  • Assessed Land Percent: 66.67
  • Assessed Total Value: $788,096.00

Property History for 3820 City Terrace Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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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3820 City Terrace Drive is a multi-family home for sale in Los Angeles, CA 90063. This property was listed for sale on September 6, 2024 by Marcus & Millichap, it's currently listed at $1,150,000. It has been on the market for a total of 83 days and was last sold on April 28, 2006. This listing's school district is Los Angeles Unified School District. Nearby schools include Robert F. Kennedy Elementary School, Animo Ellen Ochoa Charter Middle and Woodrow Wilson Senior High School. 3820 City Terrace Drive is a 4-bed, 4-bath, 2,440 sqft multi-family home built in 1985.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Oscar Diaz, DRE #02022902

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.