1163 N Ditman Avenue, City Terrace, California 90063, City Terrace, 90063 - 0 bed, 0 bath
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City Terrace, California 90063
This Quadruplex Residential Income Asset represents a Strong Value Opportunity with a List Price of $1,199,000—positioned well below the $1,340,627 Fair Market Value by 10%. This valuation gap provides $141,627 in Instant Equity for the incoming buyer. The property holds a Condition Rating of 3, featuring critical structural upgrades including earthquake retrofitting and new sewers. With three vacant units exempt from LA City Rent Control and scenic city views, it offers immediate market-rate rental potential. This is a premier acquisition for Buy-and-Hold Investors or Owner-Occupants looking to house-hack in an up-and-coming neighborhood.
Property is move-in ready.
The property is move-in ready and has been well-maintained with significant structural upgrades, including new sewers and earthquake retrofitting. Although originally built in 1924, the interior images show updated bathrooms with modern flooring and clean fixtures, indicating the units have been renovated within the last 5 to 15 years and are ready for immediate occupancy.
The property is not subject to LA City Rent Control and features three vacant units, allowing an investor to immediately set market-rate rents and maximize cash flow.
The asset includes high-value, essential improvements such as a completely new sewer system and advanced earthquake retrofitting, providing long-term structural security.
Ideally situated in an up-and-coming neighborhood near Downtown LA with easy freeway access and scenic views, increasing its desirability for future tenants.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2653, other record living area = 2396.
The property is sold in its current state, requiring the buyer to assume all responsibility for due diligence, permit verification, and potential immediate repairs.
Built in 1924, the century-old structure may present ongoing maintenance challenges and utility limitations common to older residential income buildings.
NEW IMPROVED PRICE FOR QUICK SALE!!! FOUR UNITS READY FOR NEW TENANTS TO MOVE IN RIGHT AWAY WHERE YOU CAN CHARGE MARKET RENTS, great investment property for a First time buyer or investor!!! Live in one and rent out the other three units! NOT under LA CITY RENT CONTROL. Three units open for you to set your own rent prices. It is centrally located and provides easy access to freeways. The property has been well maintained and nicely remodeled over the years it also has great views. Tens of 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. EASY TO SHOW, 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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,653 | 1,946 | 80% |
| Lot Size | 5,052 | 5,512.5 | 35% |
| Price | $1.20M | $764.5K | 95% |
| Price per sq ft | $452 | $386 | 75% |
| Built year | 1924 | 1923 | 55% |
| HOA | $0 | $0 | 50% |
| Days on market | 40 | 217 | 10% |
Mar 29, 2026
$1,199,000
$1,350,000
-11% Price Drop
Initial Listing
Mar 13, 2026
$1,350,000
Initial Listing
Mar 11, 2013
$330,000
Public Record