3926 City Terrace Drive, Los Angeles, CA 90063

$650,000 Approx. USD 9 beds, 6 baths
4,231 sqft

Agent Remarks

Non rent control, Mixed use with wide range of uses including Restaurants, Retail Space, Day care, Clinic, or Mixed use Development, on LCC3 Zonning with 5,000 Sqft lot. Adjacent 2,500 Sqft empty parking lot available for sale APN# 5228-004-007 Site address 3924 City Terrace Dr. Subject Property is located on the main commercial corridor of East Los Angeles' fastest appreciating neighborhoods. There is currently two Commercial fronts that can be combined to create one large commercial space. Property offers high visibility when exiting the 10 East Freeway off of City Terrace Dr or when accessing City Terrace Dr for any commute in or out of the area and there's always an abundance of Street Parking. Residential Income Property on the rear with a Two bedroom one Bath on top and a one Bedroom one bath on the bottom. Additional Six Bedroom residence build out behind retail spaces. Can be accessed through Service Street on the rear. This is an 8% CAP rate property with huge upside potential

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 16-138904
List price is $650,000 Reduced by $49,999 on 7/5/2016
Beds: 9
Baths: 6
Built in 1948
4,231 sqft
1 Story stories
County: Los Angeles
Zoning: LCC3*
Parking type: Carport
Interior features: Other
Exterior features: Combination,Hard Coat Stucco,Brick and Wood
Appliances: Refrigerator
Parking description: Driveway Gate
Lot description: Fenced,Street Lighting,Street Paved,Walk Street,2-4 Lots,Street Asphalt
Heating description: Forced Air,Wall Gas
MLS area: Boyle Heights (BOYH)

Last Updated: 9/30/2016

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This listing belongs to the Boyle Heights (BOYH) MLS area

The listing is zoned LCC3.
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Lat/Long: 34.055477, -118.179962.
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Broker: Courtesy of Keller Williams Realty Downtown LA
Listing Agent: Estiven Orozco Torres

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