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164 N Townsend Avenue, City Terrace, California 90063, City Terrace, 90063 - bed, bath

164 N Townsend Avenue, City Terrace, California 90063 home-pic-0
ACTIVE$799,990
164 N Townsend Avenue, City Terrace, California 90063
0Bed
0Bath
2,282Sqft
6,601Lot
Year Built
1963
Close
-
List price
$800K
Original List price
$800K
Price/Sqft
$351
HOA
-
Days on market
-
Sold On
-
MLS number
RS25137972
Home ConditionPoor
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $800.0K(56th), sqft - 2282(56th), beds - undefined(50th), baths - undefined(50th).

HOT FIXER-UPPER!! PRIME DUPLEX IN CITY TERRACE! Great Income Potential | Live + Rent | Unbeatable Location. Discover the potential of this incredible income-producing duplex located in the desirable unincorporated area of Los Angeles County / City Terrace. Whether you’re an investor or looking to live in one unit and rent the other, this property offers a unique blend of space, location, and value. Property Highlights: Front Unit: Spacious 4 Bedrooms | 1 Bathroom. Rear Unit: 2 Bedrooms | 1 Bathroom. Detached 2-Car Garage – Potential for ADU conversion (buyer to verify). Brand New 30-Year Roof Installed in 2021. With just a little TLC, this property becomes a true gem—perfectly located just minutes from the Downtown Arts District, walking distance to El Mercadito, and near East LA College, making it highly attractive to future tenants and owners alike. This is the opportunity you’ve been waiting for - whether you’re building your real estate portfolio or buying your first income property. Act fast - opportunities like this don’t last!

Condition Rating
Poor
Built in 1963, this property is explicitly marketed as a 'HOT FIXER-UPPER' requiring 'substantial renovation and repair costs.' The property analysis confirms that major systems (plumbing, electrical, HVAC) are likely outdated and will need significant upgrades. The single interior image provided shows outdated flooring, worn walls, and a generally neglected appearance, consistent with a property needing extensive rehabilitation. While a new roof was installed in 2021, this single update does not offset the overall poor condition and the need for comprehensive renovations, especially in the likely outdated kitchens and bathrooms (no images provided, but inferred from overall description).
Pros & Cons

Pros

Income-Generating Duplex: The property is a duplex offering significant income potential, ideal for investors or owner-occupants looking to live in one unit and rent the other.
Prime Location: Situated in a desirable City Terrace area, close to Downtown Arts District, El Mercadito, and East LA College, enhancing tenant appeal and potential appreciation.
ADU Conversion Potential: A detached 2-car garage presents a strong opportunity for an Accessory Dwelling Unit (ADU) conversion, further increasing rental income and property value.
Recent Roof Replacement: A brand new 30-year roof installed in 2021 significantly reduces immediate capital expenditure for the buyer and offers long-term durability.
Versatile Investment Opportunity: Positioned as an excellent opportunity for building a real estate portfolio or acquiring a first income property, appealing to a broad range of investors.

Cons

Fixer-Upper Condition: Explicitly marketed as a 'HOT FIXER-UPPER' requiring 'a little TLC,' indicating substantial renovation and repair costs will be necessary.
Unverified ADU Potential: While promising, the ADU conversion potential is subject to buyer verification, implying potential regulatory hurdles, costs, and uncertainty.
Age of Property: Built in 1963, the property is over 60 years old, suggesting that major systems (plumbing, electrical, HVAC) may be original or outdated and could require significant upgrades beyond cosmetic repairs.

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