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944 N Ditman AVE City Terrace, CA 90063
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Key Details
Sold Price $1,150,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 2,500 sqft
Price per Sqft $460
MLS Listing ID DW23058581
Sold Date 07/24/23
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1921
Lot Size 7,522 Sqft
Property Description
Welcome to 944 N. Ditman Ave in up and coming City Terrace! This 5 unit turn key beauty is conveniently nestled in between the communities of East Los Angeles, Boyle Heights, El Sereno & Lincoln Heights. Great opportunity for the savvy investor who is looking for a low maintenance income producing property as no inch was spared in the remodeling of this entire property! Each unit has newer modern grey laminate flooring throughout, newer recessed lighting and light fixtures/ceiling fans, newly installed wall air conditioners & wall heating units...newer energy efficient dual paned windows throughout allowing plenty of natural light to permeate every corner...Kitchens & bathrooms have newer shaker cabinets/vanities with light marble colored quartz counter tops. Each full bathroom has beautifully finished tile in showers & niches. The costliest of items/finishing has already been installed eg electrical, plumbing, block walls etc thereby saving the new owner the normal hefty costs & time associated with new acquisitions! Upside potential!!...Although the current great rents currently paid by the existing tenants, there's still room to raise rents. Low maintenance with plenty of hardscape on the property grounds. Plenty of parking in this gated property = happy tenants!! On site coin laundry which generates additional income and is contracted w/a third party. Bonus grassy/DG area at the rear of the property for residents to enjoy BBQs & entertain guests etc. Why City Terrace? Aside from residing in the unincorporated area of LA County, City Terrace is home to City Terrace Park which has pools, basketball and tennis courts, a playground, a splash pad, picnic areas, a gymnasium...offering plenty of activities for the local community...the City Terrace Library & the plethora of art murals throughout City Terrace are additional examples of the community benefits that help ensure low turnover of tenants!! Potential to add an additional unit = extra future income potential (Seller will provide buyer w/copies of plans to build a 6th 1 bed/1 bath unit). Plenty of public transportation close by such as the Metro Gold Line which runs from ELA through DTLA and ends in Azusa. Add this gem to your portfolio of income producing properties TODAY!!
Location
State CA
County Los Angeles
Area Cter - City Terrace
Rooms
Ensuite Laundry Common Area
Interior
Interior Features Ceiling Fan(s), Quartz Counters, Recessed Lighting, Unfurnished
Laundry Location Common Area
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Laminate, Tile
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Garage Concrete, Driveway, Driveway Up Slope From Street, Gated, Paved, Private, Shared Driveway, See Remarks, Tandem, Uncovered
Fence Block, Wrought Iron
Pool None
Community Features Street Lights, Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Water Connected
Roof Type Composition,Shingle
Parking Type Concrete, Driveway, Driveway Up Slope From Street, Gated, Paved, Private, Shared Driveway, See Remarks, Tandem, Uncovered
Total Parking Spaces 10
Private Pool No
Building
Lot Description Near Public Transit, Paved, Rectangular Lot, Sloped Up
Story 1
Sewer Unknown
Water See Remarks
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 5231009026
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Conventional
Special Listing Condition Standard
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Bought with MARIO MEDINILLA • REALTY WORLD CALIFORNIA PROPERTIES