
City Terrace, California 90063
This Multi-Generational Investment Asset represents a Strong Value Opportunity with a List Price of $699,000—positioned well below the $740,677 Fair Market Value by 5%. This valuation gap provides $41,677 in Instant Equity for buyers prepared to modernize a property with a Condition Rating of 5. The home features Panoramic DTLA Views, a versatile two-level layout with a private entrance, and a finished garage with significant ADU Conversion Potential. Located within the Los Angeles Unified district, this value-add project is ideal for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1451 Volney Subject | $699,000* List Price | 4 | 3 | 1,568 | $472 | - |
A 1563 Mcgilvrey Sold | $615,000 | 3 | 2 | 1,284 | $479 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is explicitly marketed as a fixer-upper and requires substantial rehabilitation and modernization. Built in 1947, the home features highly outdated kitchen and bathroom finishes, including 1980s-style tile countertops and aged cabinetry. The exterior stucco shows visible wear and deterioration, and the listing description highlights the property as a 'fix and flip' opportunity for investors or contractors, indicating that major systems and cosmetic elements are past their functional lifespan.
The property features a lower level with a private entrance and a finished garage with strong ADU conversion potential, offering significant opportunities for rental income or multi-generational living.
Perched in the desirable City Terrace hills, the home boasts stunning, unobstructed views of the Downtown Los Angeles skyline from the family room and private balcony.
With 4 bedrooms and 3 bathrooms distributed across two levels, the spacious floor plan provides a functional separation of space that is ideal for investors or large families.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
The property is explicitly listed as a fixer-upper, requiring a substantial investment of capital and labor to address necessary repairs and modernization.
Built in 1947, the home likely requires significant updates to its core systems, such as plumbing and electrical, to meet current building codes and modern standards.
Perched in the desirable hills of City Terrace neighborhood, this multi-generational fixer-upper presents a rare opportunity to create incredible potential along with stunning hillside and Downtown Los Angeles views. This spacious home features 4 bedrooms and 3 bathrooms. The property blends classic charm with opportunities for customization. The main level features a welcoming living room that flows seamlessly into a formal dining area and an open kitchen. Two bedrooms and two bathrooms are conveniently located on this level, along with an in-hallway laundry closet. A bright and airy family room highlights a charming brick fireplace and opens through sliding doors to a private balcony showcasing stunning Downtown LA views. A spiral staircase leads to the lower level. The lower level features two additional bedrooms with a private entrance; well-suited for extended family, rental income, and possible conversion into a separate unit. This level also has a laundry room and a bathroom with a shower. Central AC & heater upstairs, along with a split AC unit downstairs. The backyard provides a covered patio, usable outdoor space, and a variety of fruit trees; perfect for relaxing or entertaining. Additional highlights include a finished garage with strong ADU conversion potential (buyer to verify), creating an opportunity to significantly increase both property value and rental income. Ideally located on the border of Alhambra and Monterey Park, the property is close to City Terrace Elementary School, Cal State LA, Monterey Park Golf Club, Downtown Los Angeles, and major employment centers. Convenient access to the 10 and 710 freeways. Fantastic opportunity for investors, contractors, or owner-users seeking a versatile project with multiple exit strategies—fix and flip, buy and hold, or multi-unit conversion.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 77% |
| Baths | 3.0 | 2.0 | 81% |
| Square foot | 1,568 | 1,174 | 79% |
| Lot Size | 5,328 | 4,901 | 60% |
| Price | $699.0K | $685.0K | 53% |
| Price per sq ft | $446 | $598 | 16% |
| Built year | 1947 | 1925 | 72% |
| HOA | $0 | $0 | 50% |
| Days on market | 13 | 172 | 5% |
Apr 9, 2026
$699,000
Initial Listing
May 27, 2010
$184,000
Public Record
Sep 8, 2005
$375,000
Public Record