3 months on rocket

3538 City Terrace Dr, Los Angeles, CA, 90063

$1,179,995

Home List Price

$10,000*

Closing Credit

4 Bedrooms
3 Baths
2,784 SqFt
$424/SqFt
House
Schools Nearby

Location

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3538 City Terrace Dr, Los Angeles$1,179,995

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingDoor-Multi, Direct Access, Garage, Private
Year Built1930
HeatingWall Furnace
MLS #24350653
Lot Size0.13 Acres
StatusActive

About 3538 City Terrace Dr

Presenting a charming duplex located on 3538 City Terrace Dr, this property is ready to take your real estate portfolio to new heights. This property is a rare find, featuring two units, each with its own distinct charm and privacy. Live in one unit while renting out the other to generate passive income, or rent out both units for an excellent cash flow. Whether you're an investor looking to expand or a savvy buyer seeking potential, this C2-zoned duplex offers a myriad of possibilities that will surely capture your imagination. This property presents countless development possibilities. The C2 zoning designation allows for a diverse range of opportunities. Whether you envision creating office spaces, opening retail stores, starting a restaurant, establishing a hotel or motel, even setting up medical facilities, or consider adding an Additional Dwelling Unit (ADU) to increase rental income, this property's zoning makes it possible. Nestled in a vibrant neighborhood of Los Angeles, this duplex is conveniently situated near schools, parks, shops, and dining, making it an attractive choice for potential tenants or residents. Los Angeles has a robust rental market, and this duplex offers the chance to tap into the high demand for rental properties in the area. Don't miss out on this golden opportunity to own a versatile property that promises a remarkable return on investment. Whether you're a seasoned investor or a first-time buyer, 3538 City Terrace Dr invites you to capitalize on its incredible potential and make your mark on Los Angeles real estate. Contact us today to schedule a private showing and explore the endless possibilities this duplex holds. Don't wait; seize the opportunity to secure a prime investment property in one of LA's most dynamic locations. Act fast, as this gem won't stay on the market for long!

Property Details

Property Features

Property Information:

  • Year Built: 1930
  • Stories: 0
  • Living Area: 2,784 SqFt

Listing Office:

  • Office Name: Equity Union
  • Office Phone: (818) 989-2000
  • Listing Agent: Shavarsh Alajajyan

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Refrigerator, Dryer, Washer

Bedroom and Bathroom Information:

  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Door-Multi, Direct Access, Garage, Private

Lot Features

Lot Information:

  • Lot Size: 0.13 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace

School Info

Assigned Schools Information:

  • East Los Angeles Performing Arts Academy at Esteban E. Torres High School, Public District Grades 9-12
  • Social Justice Leadership Academy at Esteban E. Torres High School, Public District Grades 9-12
  • Engineering and Technology Academy at Esteban E. Torres High School, Public District Grades 9-12
  • Belvedere Middle School, Public Magnet Grades 6-8
  • Studio, Public District Grades 6-8
  • Harrison Street Elementary School, Public District Grades KG-6
  • Melrose Avenue Elementary School, Public Magnet Grades KG-6
  • Point Fermin Elementary School, Public Magnet Grades KG-5

Other

Directions Information:

  • Directions: See Google Maps

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,179,995
  • Price Per SqFt: $424/SqFt

Tax Information:

  • Annual Amount: $3,754
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$975.9K

Med. Price/SqFt

$628

Avg. Days On Market

34

# of Sold Homes

1403

3538 City Terrace Dr vs Los Angeles

98 DAYS ON ROCKET

+64 Days

$1,179,995

+$204K More

$424/SqFt

-$204 Less

KEY TAKEAWAY

This property is $204K more than the Median Sold Price and $204/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24350653

Listing Office:

  • Office Name: Equity Union
  • Office Phone: (818) 989-2000
  • Listing Agent: Shavarsh Alajajyan

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/30/2024, 6:20:23 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$3,754$228,082
2020$3,653$225,744
2019$3,521$221,318
2018$3,458$216,979
2017$3,458$212,726

History based on county public records data.

Payment Calculator

$5,957

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,604

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-3863761
2
/10

  • Harrison Street Elementary School

  • 3529 City Terrace Dr

  • 0.04 miles

  • Public District Grades KG-6

school-card-donut-3863762
8
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 9.25 miles

  • Public Magnet Grades KG-6

school-card-donut-3863763
6
/10

  • Point Fermin Elementary School

  • 3333 S Kerckhoff Ave

  • 24.18 miles

  • Public Magnet Grades KG-5

Middle School

school-card-donut-3863764
5
/10

  • Belvedere Middle School

  • 312 N Record Ave

  • 1.09 miles

  • Public Magnet Grades 6-8

school-card-donut-3863765
4
/10

  • Studio

  • 2211 W Avenue 30

  • 4.47 miles

  • Public District Grades 6-8

High School

school-card-donut-3863766
2
/10

  • East Los Angeles Performing Arts Academy at Esteban E. Torres High School

  • 4211 Dozier St

  • 1.10 miles

  • Public District Grades 9-12

school-card-donut-3863767
3
/10

  • Social Justice Leadership Academy at Esteban E. Torres High School

  • 4211 Dozier St

  • 1.10 miles

  • Public District Grades 9-12

school-card-donut-3863768
2
/10

  • Engineering and Technology Academy at Esteban E. Torres High School

  • 4211 Dozier St

  • 1.10 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $52,350. The most common annual income of people living in Los Angeles, CA is between $35k-100k. Typical family type is married, with kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 3538 City Terrace Dr

What is the listing price of this property?

The listing price of 3538 City Terrace Dr property is $1,179,995.

What type of property is this?

The property 3538 City Terrace Dr is a house located in Los Angeles, California, 90063.

Is this property for sale now?

Active Listing: 3538 City Terrace Dr is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 3538 City Terrace Dr are:
Harrison Street Elementary School: GreatSchools Rating 2/10
Melrose Avenue Elementary School: GreatSchools Rating 8/10
Point Fermin Elementary School: GreatSchools Rating 6/10
Belvedere Middle School: GreatSchools Rating 5/10
Studio: GreatSchools Rating 4/10
East Los Angeles Performing Arts Academy at Esteban E. Torres High School: GreatSchools Rating 2/10
Social Justice Leadership Academy at Esteban E. Torres High School: GreatSchools Rating 3/10
Engineering and Technology Academy at Esteban E. Torres High School: GreatSchools Rating 2/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $3,754 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 3538 City Terrace Dr has 4 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 3538 City Terrace Dr is 2,784 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 3538 City Terrace Dr is 1930.

Rocket Homes›California›Los Angeles County›Los Angeles›90063›3538 City Terrace Dr

This home is located at 3538 City Terrace Dr in Los Angeles, CA and zip code 90063 in the The Eastside neighborhood. This 2,784 square foot home, which was built in 1930, sits on a 0.13 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since January 23, 2024 and is currently priced at $1,179,995.

While more than 628 listings in Los Angeles, CA in March 2024 were sold above asking price, there were more than 196 listings sold at asking price, and more than 579 were sold below. The number of homes for sale in Los Angeles, CA increased by 10.8% between February 2024 and March 2024. In March 2024, listings were on the market for 34 days. During the same period, the median list price in this real estate market was $975,970.

From Rocket Homes Real Estate and based on county public records data.

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