About This House

OFF MARKET

An investment property comprising four units is available in the desirable Los Angeles neighborhood of City Terrace. The location is adjacent to the freeway and offers views of the city.

Overview

Priced at $995,000 for a quick sale in its current "as-is" condition. This is a four-unit property currently vacant and undergoing renovations, with a projected monthly income exceeding $12,000 and an estimated after-repair value (ARV) of over $1.5 million.

Property Details

• Address: City Terrace Dr, Los Angeles, CA 90063
• Lot Size: 4,000 square feet
• Building Size: 2,800 square feet
• Zoning: C2 (Mixed-Use)
• Unit Mix:
  • Two 2-bedroom units (ground floor)
  • One 3-bedroom unit (upstairs)
  • One permitted, detached 2-bedroom Accessory Dwelling Unit (ADU) at rear

Investment Highlights

• Property is currently vacant and undergoing renovations.
• High income potential with post-renovation rent projected to exceed $12,000/month.
• Significant value-add opportunity with an estimated ARV of approximately $1.5 million.
• Located in the desirable City Terrace neighborhood with city views.