4 Units Apartment Building for Sale - Value Add Opportunity

About This Housing

About This Property

This property is not currently listed on the open market. A multi-unit investment property consisting of four units is available in the sought-after City Terrace area of Los Angeles. The site is situated adjacent to the freeway and provides scenic views of the city skyline.

Overview

The asking price is set at $995,000 for a expedited sale, with the property being sold in its present "as is" condition. This four-unit building is currently empty and in the process of being renovated. Once completed, the projected monthly rental income is expected to surpass $12,000, with an estimated after-repair value (ARV) exceeding $1.5 million.

Property Specifications

• Location: City Terrace Dr, Los Angeles, CA 90063
• Lot Dimensions: 4,000 square feet
• Building Area: 2,800 square feet
• Zoning Classification: C2 (Mixed-Use)
• Unit Configuration:
  • Two 2-bedroom apartments on the ground floor
  • One 3-bedroom unit on the upper floor
  • One legally permitted, detached 2-bedroom Accessory Dwelling Unit (ADU) located at the rear

Key Investment Advantages

• The building is currently unoccupied and undergoing construction improvements.
• Strong potential for rental income, with post-renovation rents expected to exceed $12,000 each month.
• Considerable value-add prospect, with an estimated ARV close to $1.5 million.
• Positioned in the desirable City Terrace neighborhood, offering views of the city.