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4419 City Terrace DR City Terrace, CA 90063
0.25 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID PF25225260
HOA Y/N No
Year Built 1969
Lot Size 0.250 Acres
Property Sub-Type Duplex
Property Description
4419-23 City Terrace Drive is a unique opportunity to acquire a duplex plus a contiguous parcel of land together for sale in the City Terrace neighborhood (90063 zip code) of unincorporated Los Angeles County. It is well located on a spacious street in the hills of City Terrace. It is strategically located with convenient access to the 10 and 710 freeways. This is the first time the property is being offered for sale in over four decades.
The duplex comprises a 3Bdr 2Bath unit downstairs and a 2Bdr 1Bath unit upstairs. The 3Bdr 2Bath unit downstairs is currently vacant. It has direct access to its 2-car garage, washer and dryer hookups, and patio. The 2Bdr 1Bath unit upstairs has its own balcony. It has indirect access to its 1-car garage. Both units have access to an expansive backyard with fruit trees. There is a total of 3 garage parking spaces, which is rare for similar sales comparables in this submarket. The duplex has an estimated building square footage of 2,150 SF. It sits on a parcel of approximately 5,445 SF. The units are individually metered for gas & electricity, which the tenants pay. Landlord pays water and trash. The property is subject to unincorporated Los Angeles County Rent Stabilization and Tenant Protections Ordinance (RSTPO). Buyer to verify.
The property is being sold together with a contiguous parcel of land (separate APN), which totals an estimated 5,449 SF. This offers a prospective Buyer with an excellent redevelopment or ADU opportunity. The current ownership notes that the duplex property may encroach onto the parcel of land by roughly one foot.
A new water heater was installed in the upstairs unit in 2020 and a garage door opener for the double garage door in 2022. Although there have not been major recent capital improvements to the roof, electrical, or plumbing, the site is well maintained.
4419-23 City Terrace Drive is ideal for a Buyer seeking strong in-place rental income, value-add or owner-occupied potential via the vacant unit, and possible redevelopment potential with the contiguous vacant lot.
The duplex comprises a 3Bdr 2Bath unit downstairs and a 2Bdr 1Bath unit upstairs. The 3Bdr 2Bath unit downstairs is currently vacant. It has direct access to its 2-car garage, washer and dryer hookups, and patio. The 2Bdr 1Bath unit upstairs has its own balcony. It has indirect access to its 1-car garage. Both units have access to an expansive backyard with fruit trees. There is a total of 3 garage parking spaces, which is rare for similar sales comparables in this submarket. The duplex has an estimated building square footage of 2,150 SF. It sits on a parcel of approximately 5,445 SF. The units are individually metered for gas & electricity, which the tenants pay. Landlord pays water and trash. The property is subject to unincorporated Los Angeles County Rent Stabilization and Tenant Protections Ordinance (RSTPO). Buyer to verify.
The property is being sold together with a contiguous parcel of land (separate APN), which totals an estimated 5,449 SF. This offers a prospective Buyer with an excellent redevelopment or ADU opportunity. The current ownership notes that the duplex property may encroach onto the parcel of land by roughly one foot.
A new water heater was installed in the upstairs unit in 2020 and a garage door opener for the double garage door in 2022. Although there have not been major recent capital improvements to the roof, electrical, or plumbing, the site is well maintained.
4419-23 City Terrace Drive is ideal for a Buyer seeking strong in-place rental income, value-add or owner-occupied potential via the vacant unit, and possible redevelopment potential with the contiguous vacant lot.
Location
State CA
County Los Angeles
Area Cter - City Terrace
Interior
Fireplace No
Laundry Washer Hookup, Gas Dryer Hookup
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Curbs
Total Parking Spaces 2
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 3
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5225009025
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
Listed by Andy Chan Keller Williams Realty 6263217410
