1161 N Ditman Avenue, City Terrace, California 90063, City Terrace, 90063 - bed, bath
ACTIVE$1,385,000$2,653/sqft
1161 N Ditman Avenue, City Terrace, California 90063
0Bed
0Bath
2,653Sqft
5,052Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Quadruplex Investment Opportunity: This four-unit property is an excellent investment for first-time buyers or seasoned investors, offering the potential to live in one unit and rent out the others for income.
Top Cons:
As-Is Condition Sale: The property is being sold 'AS-IS,' which may imply potential undisclosed issues or require the buyer to fund necessary repairs or upgrades without seller contribution.
Compared to the nearby listings
Price:$1.39M vs avg $777.5K (+$607,500)96%
Size:2,653 sqft vs avg 2,055 sqft79%
Price/sqft:$522 vs avg $35379%
More Insights
Built in 1924 (102 years old).
Condition: The property, built in 1924, has undergone 'nicely remodeled over the years' and significant 'not so obvious upgrades' like new sewers and earthquake retrofitting. However, the images reveal kitchens with older, basic white appliances and simple cabinetry, suggesting functional but outdated styles. Bathrooms appear clean with updated vanities and flooring but are basic in design (e.g., fiberglass tub/shower inserts, pedestal sinks). Flooring throughout varies but appears well-maintained. Heating is via wall heaters, an older system. While move-in ready and maintained, the 'AS-IS' sale and the visible age of some components, particularly in the kitchens, indicate it requires minor updates to meet current aesthetic standards, aligning with a 'fair' condition.
Year Built
1924
Close
-
List price
$1.39M
Original List price
$1.39M
Price/Sqft
$522
HOA
-
Days on market
-
Sold On
-
MLS number
IN26008364
Home ConditionFair
Features
Good View:
Patio
View-
About this home
Four unit property, great investment property for a First time buyer or investor!!! NOT under LA CITY RENT CONTROL. Three units open for you to set your own rent prices. Live in one and rent the rest. Income generating property opportunity!! It is centrally located and provides easy access to freeways. The property has been well maintained and nicely remodeled over the years. The property has great views. Thousands of dollars in not so obvious upgrades from having all new sewers installed to advanced earthquake retrofitting. Highly desirable neighborhood because of proximity to down town. Please drive by the property, but do not disturb the tenants. Being sold "AS-IS". Buyer to verify all permits and are responsible for conducting their own due diligence for current building and county requirements & restrictions. This is a MONEY MAKING PROPERTY in the next UP & COMING NEIGHBORHOOD.
S
Susan Stanley
Listing Agent
Condition Rating
Fair
The property, built in 1924, has undergone 'nicely remodeled over the years' and significant 'not so obvious upgrades' like new sewers and earthquake retrofitting. However, the images reveal kitchens with older, basic white appliances and simple cabinetry, suggesting functional but outdated styles. Bathrooms appear clean with updated vanities and flooring but are basic in design (e.g., fiberglass tub/shower inserts, pedestal sinks). Flooring throughout varies but appears well-maintained. Heating is via wall heaters, an older system. While move-in ready and maintained, the 'AS-IS' sale and the visible age of some components, particularly in the kitchens, indicate it requires minor updates to meet current aesthetic standards, aligning with a 'fair' condition.
Pros & Cons
Pros
Quadruplex Investment Opportunity: This four-unit property is an excellent investment for first-time buyers or seasoned investors, offering the potential to live in one unit and rent out the others for income.
Rent Control Exemption: The property is explicitly stated as NOT being under LA City Rent Control, providing significant flexibility for setting rent prices on the three currently open units.
Strategic Location & Accessibility: Centrally located in a highly desirable and 'up & coming' City Terrace neighborhood, offering easy access to freeways and close proximity to downtown.
Significant Infrastructure Upgrades: The property has undergone substantial, 'not so obvious' upgrades, including new sewer lines and advanced earthquake retrofitting, enhancing its long-term stability and value.
Immediate Income Generation Potential: With three units currently open, a new owner has the immediate opportunity to set market-rate rents, maximizing cash flow from day one.
Cons
As-Is Condition Sale: The property is being sold 'AS-IS,' which may imply potential undisclosed issues or require the buyer to fund necessary repairs or upgrades without seller contribution.
Extensive Buyer Due Diligence Required: Buyers are responsible for verifying all permits and conducting their own due diligence regarding current building and county requirements, placing a significant burden and potential risk on the purchaser.
Tenant Occupancy & Access Restrictions: The instruction 'do not disturb the tenants' suggests limited access for showings or inspections, which could complicate the buyer's evaluation process.