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3940 City Terrace Drive, Los Angeles, California 90063, Los Angeles, 90063 - bed, bath

3940 City Terrace Drive, Los Angeles, California 90063 home-pic-0
ACTIVE$728,000
3940 City Terrace Drive, Los Angeles, California 90063
0Bed
0Bath
1,092Sqft
2,912Lot
Year Built
1950
Close
-
List price
$728K
Original List price
$728K
Price/Sqft
$667
HOA
-
Days on market
-
Sold On
-
MLS number
WS25085218
Home ConditionFair
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $728.0K(44th), sqft - 1092(12th), beds - undefined(50th), baths - undefined(50th).

Beautiful two-unit home located in the City of Terrace. The property is a C zone and is located on Commercial Street. Next to downtown Los Angeles. Updated with granite countertop, kitchen cabinets, and central air conditioner. Two-car garage with remote control plus two-car carport. It has a convenient location close to the city of Monterey Park. Near USC, USCH, and 5 minutes to California State University, Los Angeles - Cal State LA. Easy access to the 10 and 710 freeways. The buyer is aware of the property's legal non-conforming use. The property is to be sold in as-is condition without warranty. The buyer and the buyer's agent shall verify with the city regarding the permit to use and satisfy all the conditions.

Price History

Date
Event
Price
09/23/04
Sold
$260,000
Condition Rating
Fair
Built in 1950, this property shows signs of age despite some recent updates. While the description notes updated kitchen cabinets, granite countertops, and central air conditioning, the visible images reveal worn carpets and dated aesthetics in other living areas and bedrooms. The 'as-is' sale condition and the 'older construction' weakness mentioned in the property analysis suggest that while some components are functional, the overall property requires minor updates or repairs beyond the recently renovated areas to meet modern standards. The lack of bathroom images prevents a full assessment of that key area, but the visible elements point to a 'fair' condition.
Pros & Cons

Pros

Income-Generating Duplex: This property is a two-unit home, classified as a residential income duplex, offering immediate potential for rental income or multi-generational living.
Strategic Urban Location: Positioned next to Downtown Los Angeles and in close proximity to major educational institutions like USC, USCH, and Cal State LA, enhancing rental demand and long-term value.
Commercial Zoning Potential: The property's C zone designation on Commercial Street provides unique flexibility for potential mixed-use development or business opportunities, subject to city verification.
Modern Interior Updates: Recent updates including granite countertops, kitchen cabinets, and central air conditioning provide modern comfort and appeal, reducing immediate renovation needs.
Excellent Accessibility & Parking: Boasts easy access to the 10 and 710 freeways, complemented by a two-car garage with remote control and an additional two-car carport, addressing a common urban challenge.

Cons

Legal Non-Conforming Use: The property's legal non-conforming use status presents a significant potential hurdle, requiring thorough buyer investigation and understanding of city regulations.
As-Is Sale & Buyer Due Diligence: Sold in 'as-is' condition without warranty, placing the onus on the buyer to verify all permits, conditions, and potential repair costs with the city prior to purchase.
Older Construction: Built in 1950, despite recent updates, the underlying infrastructure may be older, potentially leading to unforeseen maintenance or upgrade expenses in the future.

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