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Triplex for SALE - value add opportunity (City Terrace)
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Value-Add Triplex, Exceptional off-market investment opportunity located in the desirable City Terrace neighborhood, offering city views and convenient freeway access.
This fully renovated 3-unit income property provides strong in-place cash flow with additional upside through ADU conversion potential.
Property Overview:
Three-unit front building,
Current rental income: $7,000/month
Unit mix:
Two (2) Bedroom units on the lower level
One (3) Bedroom unit on the upper level
Renovated interiors Desirable hillside location with city views.
Detached garage structure located at the rear of the lot, Permitted for 2bd ADU conversion (APPROVED).
The garage is currently vacant and undergoing renovation.
Projected gross income after completion and ADU conversion is estimated at $11,000+ per month.
ARV: $1.5M+
Lot Size: 4,000 SF
Building Size: 2,800 SF
Zoning: C2
City Terrace Dr
Los Angeles, CA 90063
Offered As-Is
Priced for Quick Sale: $955k
Property showing by appointment ONLY , verifiable POF required.
This is a rare opportunity to acquire a cash-flowing asset with immediate upside in one of Los Angeles’ rapidly appreciating submarkets.
Please do not miss this opportunity.