FOURPLEX for SALE - Value Add Investment Opportunity
Description
The Space & Details
About This Housing
Here is the processed article in accordance with your requirements.
Investment Property in City Terrace – Four Units with ADU
OFF MARKET – An investment property containing four units is ready for a fast sale in the sought-after City Terrace area of Los Angeles. The property is unoccupied and under renovation, with an anticipated monthly rental income of more than $13,000 once work is complete.
Overview
This property, situated at City Terrace Dr, Los Angeles, CA 90063, features two ground-floor two-bedroom units, an upstairs three-bedroom unit, and a legally permitted, detached two-bedroom Accessory Dwelling Unit (ADU). It is currently being renovated and is offered at its present "as-is" price of $995,000 for a quick sale, with an estimated after-repair value (ARV) exceeding $1.5 million.
Property Details
- Lot Size: 4,000 square feet
- Building Size: 2,800 square feet
- Zoning: C2 Mixed-Use
- Unit Mix: Two two-bedroom units, one three-bedroom unit, and one two-bedroom ADU
- Condition: Vacant and undergoing renovations
- Location: Next 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: More than $13,000
Requirements
This offering is intended for principals only. No real estate agents or wholesalers, please.
Contact
Interested parties are encouraged to act quickly on this opportunity.