3226 City Terrace Drive, Los Angeles, California 90063, Los Angeles, 90063 - 2 bed, 1 bath
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Los Angeles, California 90063
This Value-Add Investor Asset is listed at $583,000, positioned slightly above the $561,736 Fair Market Value. Featuring a Condition Rating of 5, this 1926 character home is a significant rehabilitation project being sold "as-is" and "cash only" via online auction. Located in a strategic East Los Angeles neighborhood near parks and the public library, the property offers 1,160 square feet of potential for experienced buyers. The occupied status and lack of interior access necessitate a professional approach to acquisition. This is a high-upside opportunity for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3226 City Terrace Drive Subject | $583,000* List Price | 2 | 1 | 1,160 | $479 | - |
A 1023 Sentinel Avenue Sold | $500,000 | 2 | 1 | 980 | $510 | 0.2 mi |
B 472 N Ezra Street Sold | $625,000 | 4 | 2 | 990 | $631 | 0.4 mi |
C 3852 Woolwine Drive Sold | $650,000 | 3 | 1 | 1,005 | $647 | 0.7 mi |
D 3365 City Terrace Sold | $550,000 | 3 | 2 | 1,350 | $407 | 0.2 mi |
E 954 Geraghty Avenue Active | $599,000 List Price | 4 | 3 | 1,032 | $580 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1926, this property is being sold 'as-is' and 'cash only' with no interior access, which are strong indicators of significant deferred maintenance and poor interior condition. Exterior images reveal a heavily cluttered lot, aged roofing with visible wear, and weathered stucco. The listing specifically targets experienced investors for a rehabilitation project, suggesting that major systems and finishes are likely outdated or non-functional.
Ideally situated in East Los Angeles near parks, recreation centers, and the public library, providing strong long-term appeal for future tenants or resale.
As a 1920s character home with 1,160 square feet of living space, this property offers a substantial canvas for experienced investors to renovate and build equity.
The online auction format provides a transparent platform for professional buyers to acquire the property at a price determined by current market demand.
The property is sold fully occupied with no interior access, creating significant uncertainty regarding the interior condition and potential legal costs for eviction.
The 'Cash Only' requirement and 5% buyer's premium limit the buyer pool to well-capitalized investors and exclude traditional financed buyers.
This property is now active in an online auction. Auction starts Monday 5/25 and ends Thursday 5/28. All bids must be submitted during the auction period via the property's listing page. The sale will be subject to a 5% buyer's premium pursuant to the Auction Terms and Conditions (minimums may apply). All auction bids will be processed subject to seller approval. Attention investors and experienced buyers, this 2-bedroom, 1-bathroom home is ideally located in East Los Angeles near parks, recreation centers, and the public library. Sold as-is, fully occupied and no interior access. Exact occupancy and bedroom/bathroom count unknown. Drive by only. Do not disturb. Cash only. Property has violations (Notice of Building Code Violation and Declaration of Substandard Property) and will not be delivered with clear title. See MLS docs/supplement folder for more information.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 37% |
| Baths | 1.0 | 2.0 | 43% |
| Square foot | 1,160 | 1,095 | 59% |
| Lot Size | 4,477 | 4,889 | 41% |
| Price | $583.0K | $653.5K | 24% |
| Price per sq ft | $503 | $625 | 22% |
| Built year | 1926 | 1925 | 52% |
| HOA | $0 | $0 | 50% |
| Days on market | 66 | 178 | 11% |
Apr 1, 2026
$583,000
Initial Listing
Jan 6, 2017
$385,000
Public Record
Dec 5, 2008
$175,000
Public Record
Dec 19, 2002
$174,000
Public Record