3820 City Terrace Dr
Los Angeles, CA 90063
4 Beds
4 Baths
2,440 Sq Ft
14 Days on Market
For Sale $1,150,000
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Courtesy of Marcus & Millichap

Listing Agent & Comments

Oscar DiazMarcus & Millichap
213-943-1884Oscar.Diaz@marcusmillichap.com License #02022902
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.

MLS# 24436003 • Data provided by CRMLS
Additional home details
Living Area2,440 Sq.Ft.
Lot Size0.3 Acres
Total Rooms--
Bedrooms4
Bathrooms4
Stories2
Year Built1985
Property TypeMulti Family
ZoningLCR3*
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2023
Tax Amount$11,430
Property in Flood Zone--
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More Information On This Home
This home's estimated value
$1,144,275
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
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HouseCanary, Inc. Brokerage

3820 City Terrace Dr., Los Angeles, CA 90063

Multi Family
4 Beds
4 Baths
2,440 Sq Ft
14 Days on Market

Listing Agent & Comments

Oscar DiazMarcus & Millichap
213-943-1884Oscar.Diaz@marcusmillichap.com License #02022902
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.

MLS# 24436003 • Data provided by CRMLS
Additional home details
Living Area2,440 Sq.Ft.
Lot Size0.3 Acres
Total Rooms--
Bedrooms4
Bathrooms4
Stories2
Year Built1985
Property TypeMulti Family
ZoningLCR3*
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2023
Tax Amount$11,430
Property in Flood Zone--
We’ll connect you with top agents in your area.
New
Do you own this home?
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For Sale $1,150,000
Request tour
Save
Courtesy of Marcus & Millichap
3820 City Terrace Dr
Los Angeles, CA 90063
4 Beds
4 Baths
2,440 Sq Ft
14 Days on Market

Listing Agent & Comments

Oscar DiazMarcus & Millichap
213-943-1884Oscar.Diaz@marcusmillichap.com License #02022902
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.

MLS# 24436003 • Data provided by CRMLS
Additional home details
Living Area2,440 Sq.Ft.
Lot Size0.3 Acres
Total Rooms--
Bedrooms4
Bathrooms4
Stories2
Year Built1985
Property TypeMulti Family
ZoningLCR3*
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2023
Tax Amount$11,430
Property in Flood Zone--
We’ll connect you with top agents in your area.
More Information On This Home
This home's estimated value
$1,144,275
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
New
Do you own this home?
Access your homeowner dashboard
house

For Sale $1,150,000
Request tour
Save
Courtesy of Marcus & Millichap