
City Terrace, California 90063
This Triplex Residential Income Asset is a High-Potential Investment Opportunity, listed at $950,000—positioned above the $818,115 Fair Market Value. While the property carries a premium, its Condition Rating of 3 and fully occupied status provide immediate cash flow. Featuring Panoramic Hillside Views and a strategic location near Cal State LA, this property offers significant long-term upside for those navigating the permitting of its multi-unit configuration. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a house-hack in a high-demand rental market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3977 Ramboz Subject | $950,000* List Price | 0 | 0 | 2,275 | $360 | - |
A 1455 Miller Ave. Sold | $748,000 | 0 | 0 | 2,478 | $302 | 0.2 mi |
B 3842 Woolwine Dr Active | $1,099,000 List Price | 4 | 3 | 2,182 | $504 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1948, the property shows evidence of significant mid-term renovations (estimated 10-15 years ago) including updated laminate flooring, vinyl windows, and functional kitchen cabinetry. The units appear well-maintained, move-in ready, and are currently occupied, meeting the criteria for functional and well-maintained systems.
This fully occupied triplex features unit configurations with up to four bedrooms, maximizing rental yield and providing immediate cash flow for investors.
Minutes from Cal State LA, Downtown Los Angeles, and the 10/710 freeways, the property is perfectly positioned to attract a steady pool of student and professional tenants.
The elevated hillside setting offers rare and expansive views of the El Sereno neighborhood and Cal State LA, significantly enhancing the property's aesthetic appeal and market value.
Discrepancies between public records and current unit configurations (e.g., 4-bedroom and 3-bedroom units) may indicate unpermitted improvements that require buyer verification.
With only one private garage available for three residential units, the heavy reliance on street parking could be a deterrent for some tenants in this hillside area.
Prime East Los Angeles Triplex with Panoramic Neighborhood Views and Strong Income Potential. Welcome to this well-positioned triplex in the desirable area of East Los Angeles, offering an excellent opportunity for investors, owner-users, or buyers seeking a multi-unit property with immediate rental income and long-term upside. Perched on a hillside, the property enjoys elevated views overlooking the surrounding El Sereno neighborhood and toward Cal State LA, creating a distinctive setting that is rarely found in an income property. The property consists of three residential units, each listed in public records as a 2-bd, 1-ba configuration with modifications previously made to two of the units, including one configured with 4-bd, 2-ba and another with 3-bd, 1-ba. Buyers are encouraged to independently verify all permitted and unpermitted improvements, square footage, bedroom and bathroom counts, zoning, and other property characteristics. One unit includes a private 1-car garage, while the other units utilize street parking. The property is currently fully occupied, with all three units generating positive income. Conveniently located minutes from the 10 and 710 freeways, Downtown Los Angeles, and Cal State LA, the property offers excellent access to employment centers, educational institutions, shopping, dining, transportation, and the many amenities of Northeast Los Angeles. With its hillside location, attractive views, three-unit configuration, established rental income, and proximity to major transportation corridors and Cal State LA, this property presents an exceptional opportunity to acquire a multi-family asset in a highly connected Los Angeles location. All information is deemed reliable but not guaranteed. Buyer and buyer's agent to verify all property information independently.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,275 | 2,182 |
| Lot Size | 5,977 | 5,891.07 |
| Price | $950.0K | $810.0K |
| Price per sq ft | $418 | $465 |
| Built year | 1948 | 1938 |
| HOA | $0 | $0 |
| Days on market | 27 | 44 |
Aug 13, 2026
$950,000
Initial Listing
Mar 23, 2016
$557,000
Public Record
May 13, 2010
$250,000
Public Record
Feb 1, 2006
$455,000
Public Record