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 presents a High-Potential Investment Opportunity with a List Price of $1,199,000—positioned well below the $1,225,231 Fair Market Value by 2%. This valuation gap offers $26,231 in Instant Equity. Featuring a Condition Rating of 3, the asset includes critical upgrades like new sewers and earthquake retrofitting. With three units vacant and no LA City Rent Control, this property is a prime Buy-and-Hold Investor asset, ideal for first-time buyers seeking to house-hack in an up-and-coming neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1163 N Ditman Avenue Subject | $1,199,000* List Price | 0 | 0 | 2,653 | $462 | - |
A 3842 Woolwine Drive 3842a Active | $1,149,000 List Price | 0 | 0 | 2,180 | $527 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the structure dates to 1924, the property has undergone significant recent renovations (likely within 5-15 years) including modern laminate/tile flooring and updated shaker-style kitchen cabinetry. The listing notes critical system upgrades such as new sewers and earthquake retrofitting, making it move-in ready for tenants.
The property is not subject to LA City Rent Control, and with three units currently vacant, a new owner can immediately set market-rate rents to maximize cash flow.
The asset features extensive recent improvements, including new sewer lines and advanced earthquake retrofitting, significantly reducing the risk of immediate major capital expenditures.
Situated in the up-and-coming City Terrace neighborhood, the property offers scenic views and excellent proximity to Downtown Los Angeles and major freeways.
The property is being sold in its current condition, which places the financial burden of any necessary repairs or cosmetic updates solely on the buyer.
The buyer is tasked with verifying all permits and ensuring the property meets current county requirements, posing a potential risk if historical discrepancies are discovered.
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 |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,653 | - |
| Lot Size | 5,052 | - |
| Price | $1.20M | $520.0K |
| Price per sq ft | $452 | $426 |
| Built year | 1924 | 0 |
| HOA | $0 | $0 |
| Days on market | 13 | 39 |
Jul 9, 2026
$1,199,000
Initial Listing
Mar 11, 2013
$330,000
Public Record