2 months on rocket

3820 City Terrace Dr, Los Angeles, CA, 90063

$1,150,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
4 Baths
2,440 SqFt
$471/SqFt
House

Location

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3820 City Terrace Dr, Los Angeles$1,150,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeOther
Year Built1985
MLS #24436003
Lot Size0.32 Acres
StatusActive

About 3820 City Terrace Dr

We are pleased to present for sale 3820 City Terrace Drive, a charming 4-unit multifamily property built in 1985, situated on a large lot in the thriving City Terrace neighborhood of Los Angeles. With a 52.83% potential increase in rental income, this property is an appealing opportunity for investors. This well-maintained property features an ideal unit mix of two 1-bedroom/1-bath units and two 2-bedroom/1-bath units, totaling 2,440 square feet of living space. Situated on a spacious 14,027-square-foot lot, the property includes eight parking spaces, offering the potential for additional income through the addition of Accessory Dwelling Units (ADUs), buyer to verify. The property is separately metered for electricity and gas, helping the owner reduce utility costs. Investors will appreciate the strong tenant profile in this area, where approximately 75% of residents are renters, ensuring a consistent demand for housing. The property's strategic location, just 1.5 miles from LAC + USC Medical Center and Keck School of Medicine, and 2.3 miles from White Memorial Hospital, places it near a major employment hub, further bolstering its rental appeal. 3820 City Terrace Drive is a prime investment opportunity in a thriving market. With significant rent growth potential, the possibility of adding ADUs, and a location that promises strong and consistent demand, this property offers a solid foundation for potential returns. Investors seeking a blend of stability and growth in one of Los Angeles' vibrant neighborhoods will appreciate the strong potential this property offers.

Property Details

Property Features

Property Information:

  • Year Built: 1985
  • Stories: 2
  • Living Area: 2,440 SqFt

Listing Office:

  • Office Name: Marcus & Millichap
  • Office Phone: (310) 909-5500
  • Listing Agent: Oscar Diaz

Interior Features

Bedroom and Bathroom Information:

  • Total Bedroom Count: 4

Lot Features

Lot Information:

  • Lot Size: 0.32 Acres

Other

Directions Information:

  • Directions: To reach 3820 City Terrace Drive, take I-10 E from Downtown LA, merge onto I-710 N, then exit at Ramona Blvd. Head east, turn left onto Eastern Ave, and right onto City Terrace Dr. Continue for about 1 mile; the destination will be on your right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,150,000
  • Price Per SqFt: $471/SqFt

Tax Information:

  • Annual Amount: $10,809
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1542

3820 City Terrace Dr vs Los Angeles

69 DAYS ON ROCKET

+31 Days

$1,150,000

+$126.5K More

$471/SqFt

-$170 Less

KEY TAKEAWAY

This property is $126.5K more than the Median Sold Price and $170/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24436003

Listing Office:

  • Office Name: Marcus & Millichap
  • Office Phone: (310) 909-5500
  • Listing Agent: Oscar Diaz

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/14/2024, 8:21:03 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 14, 2001Home Sold
$255,000

Tax History

YEARPROP. TAXASSESSMENT
2021$10,809$757,495
2020$10,325$749,728
2019$8,778$720,000
2018$8,403$590,000
2017$8,403$560,000

History based on county public records data.

Payment Calculator

$5,807

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,514

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-191227
5
/10

  • Robert F. Kennedy Elementary

  • 4010 Ramboz Dr

  • 0.31 miles

  • Public District Grades KG-6

school-card-donut-191228
4
/10

  • Harrison Street Elementary

  • 3529 City Terrace Dr

  • 0.33 miles

  • Public District Grades KG-6

school-card-donut-191229
4
/10

  • William R. Anton Elementary

  • 831 N Bonnie Beach Pl

  • 0.62 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $52,730. Typical income of Los Angeles, CA residents is between $35k-100k annually. The majority of families are married, with kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 3820 City Terrace Dr

What is the listing price of this property?

The listing price of 3820 City Terrace Dr property is $1,150,000.

What type of property is this?

The property 3820 City Terrace Dr is a house located in Los Angeles, California, 90063.

Is this property for sale now?

Active Listing: 3820 City Terrace Dr is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $10,809 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on September 14, 2001 for $255,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 3820 City Terrace Dr has 4 bedrooms and 4 bathrooms.

What is the square footage of this property?

The property 3820 City Terrace Dr is 2,440 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 3820 City Terrace Dr is 1985.

Rocket Homes›California›Los Angeles County›Los Angeles›90063›3820 City Terrace Dr

This home is located at 3820 City Terrace Dr in Los Angeles, CA and zip code 90063 in the The Eastside neighborhood. This 2,440 square foot home, which was built in 1985, sits on a 0.32 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since September 07, 2024 and is currently priced at $1,150,000.

In October 2024, from all listings sold in Los Angeles, CA there were more than 598 sold above asking price, over 753 sold below and more than 191 were sold right at the asked price. In October 2024 in Los Angeles, CA there were 11.2% more homes for sale than in September 2024. Listings spent 38 days on the market in October 2024, and had a median list price of $1,023,474 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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