3932 City Terrace Place, Los Angeles, California 90063, Los Angeles, 90063 - 4 bed, 4 bath
3932 City Terrace Place
Los Angeles, California 90063
Property Price
SUMMARY
Analysis of 3932 City Terrace Place, Los Angeles, California 90063 is currently available with a list price of $665,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1924, the property's exterior appears severely dilapidated, and the interior images show extensive demolition and exposed framing, dirt floors, and debris. While the description mentions a 'fully remodeled one-bedroom unit' and recent upgrades to plumbing and electrical in the front portion, the provided images do not showcase any finished, livable spaces, kitchens, or bathrooms. The property, as depicted, is clearly unsafe and unlivable, requiring substantial repairs and rehabilitation beyond minor updates to be functional.
PROSSTRENGTHS & OPPORTUNITIES
- Mixed-Use Income Potential
The property offers a unique blend of residential and commercial units, providing diversified income streams and flexibility for investors or owner-users.
- Recent Capital Improvements
Significant upgrades including a brand-new roof, new plumbing, and electrical systems in the front portion of the property reduce immediate capital expenditure for a buyer.
- Multi-Unit Configuration
Comprising four distinct units, the property allows for owner-occupancy with rental income or serves as a full investment property with multiple tenants.
CONSRISKS & DEFICIENCIES
- Age of Structure
Built in 1924, the property's age may lead to ongoing maintenance needs or require further upgrades beyond those explicitly mentioned as renovated.
- Limited Lot Size
With a lot size of only 2,514 sqft, outdoor space is likely minimal, which could be a drawback for residential tenants or commercial businesses requiring more exterior area.
- Partial System Upgrades
While significant upgrades were made to plumbing and electrical, these were specified as 'throughout the front portion,' suggesting other parts of the property might still have older systems or components.
About 3932 City Terrace Place
This well-maintained four-unit property offers a unique blend of residential and commercial spaces, making it an excellent opportunity for investors or owner-users. The top floor features a spacious three-bedroom, two-bathroom residential unit complete with a private laundry room. At the rear of the property is a fully remodeled one-bedroom, one-bathroom unit with modern finishes, ideal for a tenant seeking a turnkey living space. The front of the property consists of two ground-level units designated for commercial use, providing flexibility for retail, office, or service-oriented businesses. Recent upgrades include a brand-new roof, as well as new plumbing and electrical systems throughout the front portion of the property. This property offers both immediate functionality and long-term investment value.
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- 1924
- Lot Size
- 2,514 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 2.0 | 50% |
| Baths | 4.0 | 2.0 | 50% |
| Square foot | 2,174 | 2,333.5 | 50% |
| Lot Size | 2,514 | 3,810.5 | 50% |
| Price | $665.0K | $670.0K | 50% |
| Price per sq ft | $306 | $288 | 50% |
| Built year | 1924 | 1941 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 646 | 503 | 0% |
Pricing History
Listed for Sale
May 29, 2024
$665,000
Initial Listing