3538 City Terrace Drive

3538 City Terrace Drive

Los Angeles, CA 90063

$1,179,995
Price
4
Beds
3
Baths
2,784 Sq. Ft.
$424 / Sq. Ft.
2,784
Sq. Ft.
$424
per Sq. Ft.
a view of a white building with a small yard and plants
a kitchen with stainless steel appliances granite countertop a sink counter space cabinets and a window
a kitchen with stainless steel appliances granite countertop a sink and a stove
a living room with furniture and a window
a view of workspace with wooden floor and windows
a bedroom with a bed and a large window
a bathroom with a sink toilet and mirror
a view of an empty room with window and wooden floor
a view of an empty room and window
a bedroom with a bed and a flat screen tv
a view of a hallway with closet and a window
a living room with furniture and a large window
a living room with furniture and a flat screen tv
a view of a livingroom with workspace and a window
a view of a room with gym equipment
a living room with furniture and a table
a bedroom with a bed and a large window
a bedroom with a bed and wooden floor
a bedroom with a bed and a walk in closet
a bedroom with a large bed and a large window
a living room with furniture and a flat screen tv
a bed room with a bed and a view of bedroom
a living room with furniture and a window
a bathroom with a sink and a mirror
a outdoor view with a seating space
a car parked in front of a house
an aerial view of multiple house
unknown
a car parked in front of a building
a view of a cars parked in front of a house
an aerial view of a city

Description

Presenting a charming duplex located on 3538 City Terrace Dr, this property is ready to take your real estate portfolio to new heights. This property is a rare find, featuring two units, each with its own distinct charm and privacy. Live in one unit while renting out the other to generate passive income, or rent out both units for an excellent cash flow. Whether you're an investor looking to expand or a savvy buyer seeking potential, this C2-zoned duplex offers a myriad of possibilities that will...Presenting a charming duplex located on 3538 City Terrace Dr, this property is ready to take your real estate portfolio to new heights. This property is a rare find, featuring two units, each with its own distinct charm and privacy. Live in one unit while renting out the other to generate passive income, or rent out both units for an excellent cash flow. Whether you're an investor looking to expand or a savvy buyer seeking potential, this C2-zoned duplex offers a myriad of possibilities that will surely capture your imagination. This property presents countless development possibilities. The C2 zoning designation allows for a diverse range of opportunities. Whether you envision creating office spaces, opening retail stores, starting a restaurant, establishing a hotel or motel, even setting up medical facilities, or consider adding an Additional Dwelling Unit (ADU) to increase rental income, this property's zoning makes it possible. Nestled in a vibrant neighborhood of Los Angeles, this duplex is conveniently situated near schools, parks, shops, and dining, making it an attractive choice for potential tenants or residents. Los Angeles has a robust rental market, and this duplex offers the chance to tap into the high demand for rental properties in the area. Don't miss out on this golden opportunity to own a versatile property that promises a remarkable return on investment. Whether you're a seasoned investor or a first-time buyer, 3538 City Terrace Dr invites you to capitalize on its incredible potential and make your mark on Los Angeles real estate. Contact us today to schedule a private showing and explore the endless possibilities this duplex holds. Don't wait; seize the opportunity to secure a prime investment property in one of LA's most dynamic locations. Act fast, as this gem won't stay on the market for long!
  1. Listed by Shavarsh Alajajyan • DRE #01490112 • Brokerage DRE #01342342 • Equity Union

Property Details for 3538 City Terrace Drive

Zoning
LCC2*
Parcel Number
5228017009
Total Units
2.0
Living Area
2784
Source Living Area
Vendor Enhanced
Area
East LA
Vacancy Rate
None
Lot Size Area
5452

Location

Listing Courtesy of Equity Union, Shavarsh Alajajyan, DRE #01490112
Add your commute
LISTING UPDATED: 02/05/2024 01:40 PM

Property Details for 3538 City Terrace Drive

StatusActive
MLS #24-350653
Days on Market95
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1930
Lot Size0.13 AC / 5,452 SF
CountyLos Angeles County

Location

Listing Courtesy of Equity Union, Shavarsh Alajajyan, DRE #01490112
Add your commute

Building Information for 3538 City Terrace Drive

Stories-Residences-Year Built1930Building Size-Lot Size0.13 AC / 5,452 SF

Payment Calculator

$6,771 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,440

Property Taxes

$331

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3538 City Terrace Drive

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: Duplex
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $69,600
  • Net Operating Income: $61,200.00
  • Gross Income: $69,600
  • Gross Rent Multiplier: $19.13
  • Total Annual Expense: 7188
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1251
  • Lot Size Square Feet: 5452
Parking Details
Parking Details
  • Parking Garage: Detached, Direct Entrance, Private, Garage - 3 Car, Garage Is Detached
  • Total Parking: 7
  • Covered Parking: 3
  • Open Other Spaces Total: 4
  • Parking Features: Direct Garage Access, Private, Garage - Three Door
  • Attached Garage: No
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Wall Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Dishwasher, Refrigerator, Garbage Disposal, Range/Oven, Washer, Dryer
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-22-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,300.00
  • Unit Actual Rent: $2,300.00
  • Unit Projected Rent: $2,921.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $99,187.00
  • Assessed Improvement Percent: 42.64
  • Assessed Land Value: $133,455.00
  • Assessed Land Percent: 57.36
  • Assessed Total Value: $232,642.00

Property History for 3538 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 3538 City Terrace Drive

Taxable ValueLand$136,124Additions$101,170Total$237,294
Tax Record2023$3,967 ($331 / month)
Home Facts
Total Finished SqFt2,784 SqFtAbove Grade Finished SqFt2,784 SqFtLot Size5,452 SqFtStyleDuplexYear Built1930ZoningLCC2*CountyLOS ANGELESAPN5228-017-009

Schools near 3538 City Terrace Drive

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Harrison Street Elementary School
Public - K to 6
Alliance College-Ready Middle Academy 8
Charter - 6 to 8
East Los Angeles Renaissance Academy At Esteban E. Torres High No. 2
Public - 9 to 12
Humanitas Academy Of Art And Technology At Esteban E. Torres High No. 4
Public - 9 to 12
Rating
School
Distance
Harrison Street Elementary School
PublicK to 6

Alliance College-Ready Middle Academy 8
Charter6 to 8

East Los Angeles Renaissance Academy At Esteban E. Torres High No. 2
Public9 to 12

Humanitas Academy Of Art And Technology At Esteban E. Torres High No. 4
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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More information about 3538 City Terrace Drive, Los Angeles, CA 90063

3538 City Terrace Drive is a multi-family home for sale in Los Angeles, CA 90063. This property was listed for sale on January 22, 2024 by Equity Union, it's currently listed at $1,179,995. This listing's school district is Los Angeles Unified School District. Nearby schools include Harrison Street Elementary School, Alliance College-Ready Middle Academy 8 and East Los Angeles Renaissance Academy At Esteban E. Torres High No. 2. 3538 City Terrace Drive is a 4-bed, 3-bath, 2,784 sqft multi-family home built in 1930.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Equity Union, Shavarsh Alajajyan, DRE #01490112

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.