Multifamily
3820 City Terrace Dr
3820 City Terrace Dr, Los Angeles, CA 90063
Listing Price: $1,150,000
Investment Overview
Marcus & Millichap is pleased to present 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.
3820 City Terrace Dr
Investment Highlights
- Current rents are about 52% below market, providing significant growth potential. The large lot also offers the possibility of adding ADUs for extra income (Buyer to verify).
- Located in lively City Terrace, 3820 City Terrace Drive offers easy access to the 10 Freeway and popular spots like the DTLA Arts District, The Broad Museum, Dodger Stadium, and Olvera Street.
- With an attractive price of $287,500 per unit, City Terrace presents an investment advantage, being $22,000 more favorable than comparable properties, which average $320,980 per unit.
Exclusively Listed By
Financing By
Listing Price: $1,150,000
Investment Highlights
- Current rents are about 52% below market, providing significant growth potential. The large lot also offers the possibility of adding ADUs for extra income (Buyer to verify).
- Located in lively City Terrace, 3820 City Terrace Drive offers easy access to the 10 Freeway and popular spots like the DTLA Arts District, The Broad Museum, Dodger Stadium, and Olvera Street.
- With an attractive price of $287,500 per unit, City Terrace presents an investment advantage, being $22,000 more favorable than comparable properties, which average $320,980 per unit.
Investment Overview
Marcus & Millichap is pleased to present 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.
Exclusively Listed By
Financing By
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