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4032 City Terrace Dr, Los Angeles, CA 90063
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4032 City Terrace Dr Los Angeles, CA 90063

$699,000
  • 4 Beds
  • 4 Baths
  • 2,065 Sq.Ft.
For Sale
$699,000 Get Pre-Qualified
Map preview of 4032 City Terrace Dr, Los Angeles, CA 90063

Property Overview: 4032 City Terrace Dr Los Angeles, CA has 4 bedrooms, 4 bathrooms, 2,065 living square feet and 2,407 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: OFFER DEADLINE FRIDAY JULY 5th at 5pm. Exceptional fourplex investment opportunity in the vibrant hills of City Terrace! Built in 1939, this 2,065 sqft property sits on a 2,407 sqft corner lot and offers four spacious 1-bedroom, 1-bathroom units (per title), each approximately 500+/- sqft. Ideal for owner/users and investors! Convenient location near CalState LA, 10 Freeway, and Metrolink transit center, just 10 minutes from downtown LA, Dodger Stadium, and top LA restaurants. This property is perfect for owner-occupants seeking to live in one unit and offset mortgage with rental income, or investors looking to maximize returns through rentals or value-add renovations, making this an attractive investment opportunity in the heart of LA.

Listed by David Weinberger | BRE #01349349 | Keller Williams Studio City
Co-listed by Megan Husri | BRE #02089901 | Keller Williams Studio City
Last checked: 11 minutes ago | Last updated: June 29th, 2024 | Source CRMLS | DOM: 4
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Home details

Lot Sq. Ft
2,407
HOA Dues
$0/mo
Year built
1939
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24407861
City
Los Angeles
County
Los Angeles
Time on Site
4 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,832
  • Total Rent: $7,328
  • Pro Forma/Market Rent: $7,328
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 9.6%
  • Gross Rent Multiplier: 7.9
  • Gross Scheduled Income: $86,177
  • Net Operating Income: $66,974
  • Gross Operating Income: $86,177
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 4032 City Terrace Dr

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Fireplace Information
  • No Fireplace
  • None
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
  • Security Features: Gated Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Uncovered, Gated, Parking Space
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 4
  • Parcel Number: 5226032005
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Corner of City Terrace Dr & Miller Ave
View more facts & features

Local Los Angeles Agent

Sale History for 4032 City Terrace Dr

Last sold for $424,000 on August 5th, 2016

  • June, 2024

  • Jun 24, 2024

    Date

    Active

    CRMLS: 24407861

    $699,000

    Price

  • January, 2018

  • Jan 17, 2018

    Date

    Canceled

    CRMLS: 17288248

    $1,000,000

    Price

  • Nov 29, 2017

    Date

    Price Change

    CRMLS: 17288248

    $1,000,000

    Price

  • Nov 9, 2017

    Date

    Active

    CRMLS: 17288248

    $1,100,000

    Price

  • Listing provided courtesy of CRMLS

    The Property is currently 100% vacant. It can be delivered vacant or occupied, by the close of escrow. Non-rent control area of East Los Angeles.

  • August, 2016

  • Aug 5, 2016

    Date

    Sold (Public Records)

    Public Records

    $424,000

    Price

Show More

Tax History for 4032 City Terrace Dr

Assessed Value (2020): $449,951
Year Land Value Improved Value Assessed Value
2020 $265,302 $184,649 $449,951

Home Value Compared to the Market

This property vs the competition

4032 City Terrace Dr is listed 44.04% lower than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $778 and this home is listed at $338.5 per/sqft which puts the price per square foot 56.49% lower than the median price per square foot for the city of Los Angeles.

About 4032 City Terrace Dr

Detailed summary of property

4032 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, 4 bathrooms, roughly 2,065 living square feet, and sits on an approximately 2,407 square foot lot. 4032 City Terrace Dr was first listed on ArdentRealEstateGroup.com on June 25, 2024. The homeowner is currently asking $699,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $778. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 44.04% lower than the median priced home. Local competing homes currently for sale include 3406 Pueblo Ave, 2043-2045 City View Ave and 3045 E 5th St. While the average home in Los Angeles, CA is selling in 98 days, 4032 City Terrace Dr has a days on market of 4 days. There are currently 4006 homes for sale in the Los Angeles real estate market and 2700 of them are single family homes while 1190 of them are condos and 109 are townhomes. For more information on this home for sale at 4032 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 4032 City Terrace Dr

Public county record property details
Beds
4
Baths
4
Year built
1939
Sq. Ft.
2,065
Lot Size
2,406
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
211
APN
5226-032-005

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
$650,000
Median List Price/Sq.Ft.
$641
Median Sold Price
$585,000
Median Sold Price/Sq.Ft.
$614
Total Inventory
41
Median Sale to List Price %
90%
Avg Days on Market
24
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (30%), Other (10%)

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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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