986 Gifford Avenue, City Terrace, California 90063, City Terrace, 90063 - 0 bed, 0 bath
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City Terrace, California 90063
This Residential Income Duplex offers a strategic entry into the East Los Angeles market, listed at $495,000—positioned near its $470,023 Fair Market Value. Comprising a 3-bedroom and a 2-bedroom unit, the property currently holds a Poor Condition Rating, indicating a substantial value-add opportunity for those prepared for modernization. Key features include a 1-car garage and a private patio on a 5,098 SF lot. Located minutes from City Terrace Park and local schools, this asset is perfectly suited for Buy-and-Hold Investors or Value-Add Developers looking to capture rental growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 986 Gifford Avenue Subject | $495,000* List Price | 0 | 0 | 1,218 | $386 | - |
A 1041 Geraghty Active Under Contract | $550,000 List Price | 3 | 2 | 1,214 | $453 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1948, this property is 76 years old with no indication of recent major renovations. The listing description and AI analysis explicitly state 'upside potential' and 'implied renovation requirements,' suggesting a need for substantial modernization and significant capital expenditures. While no interior photos are provided, the age of the property strongly indicates that kitchens, bathrooms, and major systems are outdated and require extensive repairs and rehabilitation to meet current standards, aligning with a 'poor' condition.
As a duplex with distinct 3-bedroom/1-bathroom and 2-bedroom/1-bathroom units, it offers immediate rental income generation or owner-occupancy with supplemental income.
The property is explicitly marketed with 'lots of upside potential,' indicating room for value appreciation through improvements or market growth.
Situated in the City Terrace neighborhood of East Los Angeles, providing convenient access to local amenities, City Terrace Park, and schools.
Built in 1948, the property is 76 years old, suggesting potential for outdated infrastructure, systems, and the need for significant capital expenditures for modernization.
With a total of 1,218 SF for two units (3-bed and 2-bed), the individual unit sizes are relatively small, which might limit rental market appeal or long-term value growth compared to more spacious alternatives.
The 'upside potential' often suggests that the property requires substantial renovation or upgrades to maximize its value and rental income, representing a significant upfront investment for the buyer.
986-988 Gifford Ave is a two-unit property located in the City Terrace neighborhood of East Los Angeles. The property features one 3 bedroom + 1 bathroom unit and one 2 bedroom + 1 bathroom unit. The property was built in 1948, and is 1,218 SF on a 5,097 SF lot. The front unit has its own car garage. Tenants enjoy being minutes from City Terrace Park and local schools. This is a great opportunity for an investment with lots of upside potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,218 | 1,879.5 | 20% |
| Lot Size | 5,098 | 5,512.5 | 35% |
| Price | $495.0K | $705.0K | 20% |
| Price per sq ft | $406 | $386 | 60% |
| Built year | 1948 | 1923 | 75% |
| HOA | $0 | $0 | 50% |
| Days on market | 406 | 236 | 90% |
Mar 12, 2025
$495,000
Initial Listing
Jul 21, 2005
$435,000
Public Record