Los Angeles, CA 90063,4116 CITY TERRACE DR

$1,315,000

$1,375,000

4.4%
Est.Price: ?

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Est. payment /mo

SOLD DATE : 02/08/2017

Key Details

Sold Price $1,315,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 16122204

Sold Date 02/08/17

HOA Y/N No

Year Built 1921

Property Description

PRICE REDUCED - * Non- Rent Control in Los Angeles County* Parking on Site* Over 27% Rent Upside* Student Housing Potential near CSULA* Purchase Non-Rent Control at Over a 5% Cap Rate* 8 Units Plus 1 Non-Conforming, Built in 1922* 6,508 Gross Square Footage on a 6,101 Square Foot Lot* Not Subject to Rent Control Laws* Located in the Up and Coming City Terrace Neighborhood* Great Unit Mix: Three 3 Bed / 1 Bath, Five 1 Bed / 1 Bath, OneSingle which is Non Conforming* Large Units that Average over 810 Square Feet Each* Secured Entry to the Property* Gas and Electric Separately Metered for Each Unit

Location

State CA

County Los Angeles

Area 699 - Not Defined

Zoning LCC3*

Interior

Cooling None

Fireplace No

Laundry See Remarks

Exterior

Parking Features One Space

Total Parking Spaces 3

Building

Story 2

Others

Tax ID 5226018011

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by David Harrington • Matthews Retail Group, Inc.
Bought with Derek Lester • Sotheby's International Realty
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+1(714) 743-9882

info@gatehouseproperties.com

Costa Mesa, CA, 92626, United States

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