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3538 City Terrace Dr, Los Angeles, CA 90063
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3538 City Terrace Dr Los Angeles, CA 90063

$1,179,995
  • 4 Beds
  • 2 Baths
  • 2,784 Sq.Ft.
For Sale
$1,179,995 Get Pre-Qualified
Map preview of 3538 City Terrace Dr, Los Angeles, CA 90063

Property Overview: 3538 City Terrace Dr Los Angeles, CA has 4 bedrooms, 2 bathrooms, 2,784 living square feet and 5,452 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Presenting a charming duplex located on 3538 City Terrace Dr, this property is ready to take your real estate portfolio to new heights. This property is a rare find, featuring two units, each with its own distinct charm and privacy. Live in one unit while renting out the other to generate passive income, or rent out both units for an excellent cash flow. Whether you're an investor looking to expand or a savvy buyer seeking potential, this C2-zoned duplex offers a myriad of possibilities that will surely capture your imagination. This property presents countless development possibilities. The C2 zoning designation allows for a diverse range of opportunities. Whether you envision creating office spaces, opening retail stores, starting a restaurant, establishing a hotel or motel, even setting up medical facilities, or consider adding an Additional Dwelling Unit (ADU) to increase rental income, this property's zoning makes it possible. Nestled in a vibrant neighborhood of Los Angeles, this duplex is conveniently situated near schools, parks, shops, and dining, making it an attractive choice for potential tenants or residents. Los Angeles has a robust rental market, and this duplex offers the chance to tap into the high demand for rental properties in the area. Don't miss out on this golden opportunity to own a versatile property that promises a remarkable return on investment. Whether you're a seasoned investor or a first-time buyer, 3538 City Terrace Dr invites you to capitalize on its incredible potential and make your mark on Los Angeles real estate. Contact us today to schedule a private showing and explore the endless possibilities this duplex holds. Don't wait; seize the opportunity to secure a prime investment property in one of LA's most dynamic locations. Act fast, as this gem won't stay on the market for long!

Listed by Shavarsh Alajajyan | BRE #01490112 | Equity Union
Last checked: 5 minutes ago | Last updated: February 5th, 2024 | Source CRMLS | DOM: 98
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Home details

Lot Sq. Ft
5,452
HOA Dues
$0/mo
Year built
1930
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24350653
City
Los Angeles
County
Los Angeles
Time on Site
119 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,300
  • Total Rent: $2,300
  • Pro Forma/Market Rent: $2,921
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 19.13
  • Gross Scheduled Income: --
  • Net Operating Income: $61,200
  • Gross Operating Income: $69,600
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 3538 City Terrace Dr

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Property Details for 3538 City Terrace Dr

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Refrigerator
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 7
  • Has Parking
  • Parking Features: Direct Garage Access, Private, Garage - Three Door
Property Information
  • Total # of Units: 2
  • Parcel Number: 5228017009
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: See Google Maps
View more facts & features

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Sale History for 3538 City Terrace Dr

Last leased for $1,000 on April 5th, 2021

  • January, 2024

  • Jan 22, 2024

    Date

    Expired

    CRMLS: 23293313

    $1,180,000

    Price

  • Jul 21, 2023

    Date

    Active

    CRMLS: 23293313

    $1,199,000

    Price

  • Listing provided courtesy of CRMLS

  • January, 2024

  • Jan 22, 2024

    Date

    Active

    CRMLS: 24350653

    $1,179,995

    Price

  • April, 2021

  • Apr 5, 2021

    Date

    Leased

    CRMLS: OC21041178

    $1,000

    Price

  • Mar 26, 2021

    Date

    Pending

    CRMLS: OC21041178

    $1,000

    Price

  • Feb 27, 2021

    Date

    Active

    CRMLS: OC21041178

    $1,000

    Price

  • Listing provided courtesy of CRMLS

    ROOM FOR RENT upstairs with a shared full bathroom. Amazing location, right next to the freeway close to downtown and CSULA! Rent this room out before it goes. This room comes with a view of the neighborhood too.

  • December, 2020

  • Dec 8, 2020

    Date

    Leased

    CRMLS: OC20239436

    $1,000

    Price

  • Nov 27, 2020

    Date

    Pending

    CRMLS: OC20239436

    $1,000

    Price

  • Nov 13, 2020

    Date

    Active

    CRMLS: OC20239436

    $1,000

    Price

  • Listing provided courtesy of CRMLS

    ROOM FOR RENT upstairs with a shared full bathroom. Great location, right next to the freeway close to downtown and CSULA! Rent this room out before it goes. This room comes with a balcony with a view as well.

  • October, 2020

  • Oct 26, 2020

    Date

    Canceled

    CRMLS: OC20176421

    $900

    Price

  • Aug 27, 2020

    Date

    Active

    CRMLS: OC20176421

    $900

    Price

  • Listing provided courtesy of CRMLS

    ROOM FOR RENT upstairs with a shared full bathroom. Amazing location, right next to the freeway close to downtown and CSULA! Rent this room out before it goes. This room comes with a view of the neighborhood too.

  • March, 2020

  • Mar 10, 2020

    Date

    Leased

    CRMLS: OC19253908

    $1,000

    Price

  • Mar 9, 2020

    Date

    Pending

    CRMLS: OC19253908

    $1,000

    Price

  • Feb 19, 2020

    Date

    Price Change

    CRMLS: OC19253908

    $1,000

    Price

  • Nov 13, 2019

    Date

    Price Change

    CRMLS: OC19253908

    $1,150

    Price

  • Oct 30, 2019

    Date

    Active

    CRMLS: OC19253908

    $1,200

    Price

  • Listing provided courtesy of CRMLS

    ROOM FOR RENT upstairs with a shared full bathroom. Amazing location, right next to the freeway close to downtown and CSULA! Rent this room out before it goes. This room comes with a balcony with a view too

  • April, 2019

  • Apr 19, 2019

    Date

    Leased

    CRMLS: OC19035260

    $1,150

    Price

  • Apr 18, 2019

    Date

    Pending

    CRMLS: OC19035260

    $1,150

    Price

  • Mar 24, 2019

    Date

    Price Change

    CRMLS: OC19035260

    $1,150

    Price

  • Feb 15, 2019

    Date

    Active

    CRMLS: OC19035260

    $1,200

    Price

  • Listing provided courtesy of CRMLS

    ROOM FOR RENT. Beautifully new painted room for rent that has its own private balcony with a view of the city. Very spacious and in a prime location close to CSULA and not far from downtown LA. Comes with a parking space and utilities are not included in the rent.

  • October, 2018

  • Oct 25, 2018

    Date

    Leased

    CRMLS: OC18196044

    $850

    Price

  • Aug 13, 2018

    Date

    Active

    CRMLS: OC18196044

    $850

    Price

  • Listing provided courtesy of CRMLS

    Room for rent with a shared bathroom. Amazing location, right next to the freeway close to downtown! Rent this room out before it goes, won't last long!

  • September, 2018

  • Sep 12, 2018

    Date

    Leased

    CRMLS: OC18222304

    $900

    Price

  • Sep 11, 2018

    Date

    Active

    CRMLS: OC18222304

    $900

    Price

  • Listing provided courtesy of CRMLS

    Room for rent with a shared bathroom. Amazing location, right next to the freeway close to downtown! Rent this room out before it goes, won't last long!

  • August, 2018

  • Aug 25, 2018

    Date

    Leased

    CRMLS: OC18196054

    $950

    Price

  • Aug 13, 2018

    Date

    Active

    CRMLS: OC18196054

    $925

    Price

  • Listing provided courtesy of CRMLS

    Room for rent with a shared bathroom. Amazing location, right next to the freeway close to downtown! Rent this room out before it goes, won't last long!

  • March, 2018

  • Mar 29, 2018

    Date

    Expired

    CRMLS: WS17224087

    $698,888

    Price

  • Nov 20, 2017

    Date

    Withdrawn

    CRMLS: WS17224087

    $698,888

    Price

  • Oct 23, 2017

    Date

    Active Under Contract

    CRMLS: WS17224087

    $698,888

    Price

  • Oct 10, 2017

    Date

    Price Change

    CRMLS: WS17224087

    $698,888

    Price

  • Sep 28, 2017

    Date

    Active

    CRMLS: WS17224087

    $699,000

    Price

  • Listing provided courtesy of CRMLS

    NO RENT CONTROL! Large charming spanish style duplex in "Up and Coming CITY TERRACE". Currently the lower unit is an owner occupied LARGE 2 bedroom 2 bath, with High Ceilings and LARGE step up Formal Dinning room (Perfect to Convert into Den). The unit will be Delivered vacant. Upper unit is currently tenant occupied, 3 bedroom unit (2bed + Den). Tenant pays $2,060/month with a lease until 8/2018... Roof replaced 4-5 years ago. Plumbing was updated to copper, and Foundation reinforced several years ago. This building is SOLID, and would be perfect for the Owner Occupant, or NON-RENT CONTROLLED Investment Property. This duplex is individually metered for electricity and gas, and master metered for Water. Each unit has it's own washer/dryer hookups. Long driveway out back leads to large parking area and 3 LARGE garages.

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Tax History for 3538 City Terrace Dr

Assessed Value (2020): $225,744
Year Land Value Improved Value Assessed Value
2020 $129,498 $96,246 $225,744

Home Value Compared to the Market

This property vs the competition

3538 City Terrace Dr is listed 5.6% lower than the median list price for the city of Los Angeles which has a median list price of $1,250,000. The median price per/sqft for Los Angeles is $780 and this home is listed at $423.85 per/sqft which puts the price per square foot 45.66% lower than the median price per square foot for the city of Los Angeles.

About 3538 City Terrace Dr

Detailed summary of property

3538 City Terrace Dr is a multi family located in Los Angeles, CA 90063 and is currently for sale. This multi family property offers 4 bedrooms, 2 bathrooms, roughly 2,784 living square feet, and sits on an approximately 5,452 square foot lot. 3538 City Terrace Dr was first listed on ArdentRealEstateGroup.com on January 23, 2024. The homeowner is currently asking $1,179,995. The median priced home in Los Angeles is $1,250,000 with a median price per square foot of $780. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 5.6% lower than the median priced home. Local competing homes currently for sale include 3935 E Cesar E Chavez Ave, 127 N Savannah St and 3412 E 3rd St. While the average home in Los Angeles, CA is selling in 93 days, 3538 City Terrace Dr has a days on market of 98 days. There are currently 3718 homes for sale in the Los Angeles real estate market and 2495 of them are single family homes while 1123 of them are condos and 94 are townhomes. For more information on this home for sale at 3538 City Terrace Dr Los Angeles, CA 90063 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3538 City Terrace Dr

Public county record property details
Beds
4
Baths
2
Year built
1930
Sq. Ft.
2,784
Lot Size
5,451
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
9
APN
5228-017-009

The source for these homes facts are from public records.

90063 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$615,000
Median List Price/Sq.Ft.
$625
Median Sold Price
$615,000
Median Sold Price/Sq.Ft.
$627
Total Inventory
32
Median Sale to List Price %
90.57%
Avg Days on Market
31
Loan Type
Conventional (28.57%), FHA (28.57%), VA (0%), Cash (14.29%), Other (28.57%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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