Investment Property in City Terrace – Four Units with ADU

OFF MARKET – An investment property comprising four units is available for a quick sale in the desirable City Terrace neighborhood of Los Angeles. The property is vacant, undergoing renovations, and projected to generate monthly income exceeding $13,000 post-renovation.

Overview

This property at City Terrace Dr, Los Angeles, CA 90063 includes two ground-floor 2-bedroom units, an upstairs 3-bedroom unit, and a permitted, detached 2-bedroom Accessory Dwelling Unit (ADU). It is currently being renovated and is offered at a current "as-is" price of $995,000 for a quick sale, with an estimated after-repair value (ARV) of over $1.5 million.

Property Details

• Lot Size: 4,000 square feet
• Building Size: 2,800 square feet
• Zoning: C2 Mixed-Use
• Unit Mix: Two 2-bedroom units, one 3-bedroom unit, and one 2-bedroom ADU
• Condition: Vacant and undergoing renovations
• Location: Adjacent to the freeway with city views

Financial Information

• Current "As Is" Price: $995,000
• Estimated After-Repair Value (ARV): Approximately $1.5 million
• Projected Monthly Income: Exceeding $13,000

Requirements

This offering is for principals only. No real estate agents or wholesalers, please.

Contact

Interested parties are encouraged to act promptly on this opportunity.