836 N Alma, City Terrace, California 90063, City Terrace, 90063 - bed, bath
ACTIVE UNDER CONTRACT$529,888
836 N Alma, City Terrace, California 90063
0Bed
0Bath
960Sqft
4,365Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Duplex: The property features two distinct single-family homes, offering significant income potential through rental or a live-in-one, rent-the-other strategy.
Top Cons:
As-Is Sale Condition: The property is being sold 'As-is,' indicating that the buyer will be responsible for any necessary repairs, upgrades, or deferred maintenance without seller contribution.
Compared to the nearby listings
Price:$529.9K vs avg $750.0K ($-220,112)12%
Size:960 sqft vs avg 1,826 sqft8%
Price/sqft:$552 vs avg $35384%
More Insights
Built in 1929 (96 years old).
Condition: Built in 1929 and sold 'As-is,' this property requires substantial rehabilitation. While functional, the kitchen features dated oak cabinets, older appliances, and laminate countertops. The bathroom has a basic, dated fiberglass shower stall. Flooring includes worn carpet and older laminate. Heating is via a wall-mounted gas unit, supplemented by a single mini-split AC, indicating an outdated and piecemeal HVAC system. The overall aesthetic is tired, and the description explicitly states a need for 'vision to make this property shine,' suggesting significant investment is required beyond minor updates to bring it to modern standards. The age of the property implies potential for major system replacements (plumbing, electrical, roof) not immediately visible but highly probable.
Year Built
1929
Close
-
List price
$530K
Original List price
$530K
Price/Sqft
$552
HOA
-
Days on market
-
Sold On
-
MLS number
WS25252306
Home ConditionPoor
Features
Patio
View-
About this home
**Welcome to City Terrace** This is a sweet starter investment property in an up-and-coming area of Los Angeles. Two small single family homes, side by side on a corner lot. Each has its own driveway and outdoor area to enjoy. One unit will be delivered vacant! Here a great opportunity to live in one and rent the other. Property is being sold with one tenant in place. Well priced, bring your clients that have vision to make this property shine. Sold As-is. Please do not disturb occupants.
Price History
Date
Event
Price
10/22/08
Sold
$150,000
10/26/06
Sold
$550,000
04/12/06
Sold
$399,000
Condition Rating
Poor
Built in 1929 and sold 'As-is,' this property requires substantial rehabilitation. While functional, the kitchen features dated oak cabinets, older appliances, and laminate countertops. The bathroom has a basic, dated fiberglass shower stall. Flooring includes worn carpet and older laminate. Heating is via a wall-mounted gas unit, supplemented by a single mini-split AC, indicating an outdated and piecemeal HVAC system. The overall aesthetic is tired, and the description explicitly states a need for 'vision to make this property shine,' suggesting significant investment is required beyond minor updates to bring it to modern standards. The age of the property implies potential for major system replacements (plumbing, electrical, roof) not immediately visible but highly probable.
Pros & Cons
Pros
Income-Generating Duplex: The property features two distinct single-family homes, offering significant income potential through rental or a live-in-one, rent-the-other strategy.
Immediate Vacancy & Flexibility: One unit will be delivered vacant, providing immediate opportunity for owner-occupancy or the ability to select a new tenant at current market rates.
Corner Lot Benefits: Positioned on a corner lot, the property benefits from enhanced privacy, potentially better natural light, and improved accessibility for both units.
Emerging Market Location: Situated in an 'up-and-coming area of Los Angeles,' the property offers strong potential for future appreciation and increasing rental demand.
Individual Unit Amenities: Each unit boasts its own private driveway and outdoor area, enhancing tenant appeal and providing a sense of individual space and convenience.
Cons
As-Is Sale Condition: The property is being sold 'As-is,' indicating that the buyer will be responsible for any necessary repairs, upgrades, or deferred maintenance without seller contribution.
Advanced Age of Construction: Built in 1929, the property is likely to have outdated systems, structural components, and potential for significant maintenance issues typical of older homes.
Compact Unit Sizes: With a total of 960 sqft for two units, each residence is relatively small, which could limit the tenant pool or command lower rental rates compared to larger properties.