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3334 City Terrace Dr
Los Angeles, CA 90063
Multifamily Property For Sale · 4 Units
PROPERTY FACTS
| No. Units | 4 | Average Occupancy | 50% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1940 |
| Apartment Style | Low Rise | Parking Ratio | 1.75/1,000 SF |
| Building Size | 2,864 SF |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Size | 2,864 SF |
| Average Occupancy | 50% |
| No. Stories | 2 |
| Year Built | 1940 |
| Parking Ratio | 1.75/1,000 SF |
About 3334 City Terrace Dr , Los Angeles, CA 90063
It seems City Terrace is rapidly transitioning into a place lots of people are happy to live. This beautifully renovated triplex is a classic example of what's going on over in this part of town. You have three 3 bed 2 bath units commanding rents of $2500/mo each. The renovations were only done about a year ago and the property will stand up very well to an inspection. In addition to the three units you have a bonus unit in the rear (non-conforming) which, if one is willing to rent it, should fetch at least $1,000/mo. There is a three car garage, washer dryer hookups in each unit, and lots more. If you include the rent from the non-conforming bonus unit, you will be over a 6 cap (!) on this property. Or, put another way, you should have no trouble cash flowing at least $2K/mo. Come get it!
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 3 | $2,500 | - |
| Studios | 1 | $1,000 | - |
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