4 Units Apartment Building for Sale - Value Add Opportunity

About This House

OFF MARKET

An investment property comprising four units is available in the desirable Los Angeles neighborhood of City Terrace. The location is adjacent to the freeway and offers views of the city.

The property includes two 2-bedroom units on the ground floor and a 3-bedroom unit upstairs. Additionally, there is a permitted, detached structure at the rear containing a 2-bedroom accessory dwelling unit (ADU).

The property is currently vacant and undergoing renovations.

Projected monthly income following renovation is estimated to exceed $12,000. The after-repair value (ARV) is anticipated to be over $1.5 million.

The address is City Terrace Dr, Los Angeles, CA 90063.

This represents a notable investment opportunity.

The lot size is 4,000 square feet with a building size of 2,800 square feet. Zoning is designated C2 for mixed-use.

Priced at $995,000 for a quick sale in its current \"as-is\" condition. The estimated ARV is approximately $1.5 million.