1041 Geraghty Ave, City Terrace, California 90063, City Terrace, 90063 - 3 bed, 2 bath
ACTIVE$650,000
1041 Geraghty Ave, City Terrace, California 90063
3Beds
2Baths
1,214Sqft
5,401Lot
Year Built
1927
Close
-
List price
$650K
Original List price
$760K
Price/Sqft
$535
HOA
-
Days on market
-
Sold On
-
MLS number
IV25146215
Home ConditionPoor
Features
Good View: City Lights, Neighborhood
ViewCity Lights,Neighborhood
About this home
We found 3 Cons,5 Pros. Rank: price - $650.0K(28th), sqft - 1214(12th), beds - 3(80th), baths - 2(76th).
HUGE PRICE IMPROVMENT!!!CALLING ALL BUYERS!!! This property is a GREAT Opportunity for Investment in CITY TERRANCE. This duplex is ready for its next owner. TONS of potential and upside! Motivated Seller!!! Two units 1 - 2bd/1bth needs some TLC and 1bd/1bth Newly Remodeled, Plus, a 3-car detached garage protentional ADU. This is a great investment for those that are tired of paying rent. Don't miss this opportunity to own a home with great potential. Property is being sold AS-IS. Located just minutes from DTLA, Keck Medicine of USC, USC Hospital, and major freeways (10, 5, and 101).
Price History
Date
Event
Price
11/12/25
Price Change
$650,000-7.1%
11/04/25
Price Change
$700,000-5.4%
10/06/25
Price Change
$740,000
06/30/25
Listing
$760,000
09/04/02
Sold
$170,000
09/13/96
Sold
$70,000
Condition Rating
Poor
Built in 1927, this property is nearly a century old. While one unit is described as 'Newly Remodeled,' the other 'needs some TLC,' and the property is explicitly being sold 'AS-IS' with a noted weakness of 'Extensive Renovation Required.' The exterior images show an aged structure, and no interior photos of the 'TLC' unit or common areas are provided, suggesting potential for significant deferred maintenance, outdated systems, and substantial repairs beyond minor updates. The overall condition, despite one updated unit, points to a property requiring considerable rehabilitation.
Pros & Cons
Pros
Income-Generating Duplex: The property is a duplex, offering two distinct units (one 2bd/1bth, one 1bd/1bth) for immediate rental income potential or multi-generational living, categorized as 'Residential Income'.
ADU Conversion Potential: A 3-car detached garage provides significant upside for conversion into an Accessory Dwelling Unit (ADU), which could substantially increase rental income and overall property value.
Strategic Urban Location: Located just minutes from Downtown LA, Keck Medicine of USC, USC Hospital, and major freeways (10, 5, 101), ensuring high tenant demand and excellent accessibility.
Significant Price Reduction: The property has seen a 'HUGE PRICE IMPROVEMENT' with multiple price drops from $760,000 to $650,000, indicating a motivated seller and a potentially attractive investment opportunity.
Partial Modernization & Views: One of the units is 'Newly Remodeled,' offering immediate move-in or rental readiness, complemented by desirable 'City Lights, Neighborhood' views.
Cons
Extensive Renovation Required (As-Is Sale): The property is being sold 'AS-IS' and one unit 'needs some TLC,' implying considerable renovation costs and effort for the buyer, impacting immediate cash flow or move-in readiness.
Advanced Age of Structure: Built in 1927, the property is nearly a century old, suggesting potential for outdated infrastructure (plumbing, electrical), higher maintenance, and possible remediation needs (e.g., lead paint, asbestos).
Compact Unit Sizes: With a total of 1214 sqft for two units (3 beds/2 baths combined), the individual unit sizes are relatively small, which might limit tenant appeal or family suitability.