City Terrace, CA 90063,944 N Ditman AVE
$1,150,000
$1,298,888
11.5%
Est.Price: ?

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2,500 SqFt

944 N Ditman AVE City Terrace, CA 90063

Est. payment /mo
SOLD DATE : 07/24/2023

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Key Details

Sold Price $1,150,000

Property Type Multi-Family

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

Square Footage 2,500 sqft

Price per Sqft $460

MLS Listing ID DW23030183

Sold Date 07/24/23

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

Laundry Location Common Area

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Laundry Common Area

Exterior

Fence Block, Wrought Iron

Utilities Available Electricity Connected, Natural Gas Connected, Water Connected

Roof Type Composition,Shingle

Building

Lot Description Near Public Transit, Paved, Rectangular Lot, Sloped Up

Water See Remarks

Others

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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California Regional MLS (CRMLS)
Listed by Jennifer Avellan • Keller Williams SELA • 310-346-7851
Bought with MARIO MEDINILLA • REALTY WORLD CALIFORNIA PROPERTIES

GET MORE INFORMATION

Nicole Parent

Broker Associate | License ID: 01827226

+1(559) 930-7171

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