3022 Terry PL Open House Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90031
OPEN HOUSE
Sun Mar 30, 12:00pm - 2:30pm
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR25039446
Year Built 1956
Lot Size 9,888 Sqft
Property Sub-Type Triplex
Property Description
This gem of a property is back on the market baby!!! Second chances don't come often, and with this home, you gotta see it to believe it. So don't let yourself miss out on this one again. Get into Lincoln Heights early before it really blows up like Silverlake, Echo Park, Frogtown & Highland Park.
Future live-in owners and investors alike are going to love the rental income on this absolute stunner. Not only is this property very unique for the area, it also boasts having 2 of its 3 units being tastefully redesigned and remodeled. The property has also been kept up immaculately for many many years. The owners have invested significantly not just inside, but also in wonderful landscaping and lots of outdoor areas for serene relaxation and exquisite entertaining. There are also amazing views all over, including right from the driveway. Two units have superb views ranging from the Dodgers Stadium fireworks show to Downtown Los Angeles and far beyond. And the generously sized 3rd-story balcony in 3022 Terry also boasts what can only be described as one truly epic view.
I can talk all day about what a wonderful property this is. But it's the tenants happiness and adoration for living here that speaks the loudest. They gush about how much they love all the privacy and the property's well-hidden feel...while still being just a hop, skip or jump away from everything wonderful in the area. Oh and did I mention that Downtown LA is also just 5 min away?
Instead of continuing to go on and on, here is a quick list these homes many wonders.
-Units: (1) 3 Bed +2.5 Bath & (2) 2 Bed +1 Bath
-Each unit has its own private yard, laundry, 2 parking spaces
-Mature fruit trees (limes, orange, banana, avocados, fig)
-Drought tolerant landscaping with low-maintenance programmable irrigation
-Hidden, dead-end street
-Close to downtown
-Close to many freeways
-Great tenants and no problems finding tenants that would love to live here.
-Great rents
-3 Private Units
-Even higher rental income potential
-Minimal maintenance
-2 completely renovated units
- Perfect Opportunity for an Owner to live in the unit that will be vacant in May, while renting the other two.
So DO NOT miss out on this very rare opportunity that's as good as it gets in the area, while also somehow still having even more future earnings potential....or you'll be kicking yourself later.
Location
State CA
County Los Angeles
Area 677 - Lincoln Hts
Zoning LARD3
Interior
Heating See Remarks
Cooling Central Air,See Remarks
Flooring See Remarks
Fireplaces Type Great Room
Laundry Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup,Inside,Laundry Closet,Laundry Room,Stacked
Exterior
Exterior Feature Lighting
Parking Features Assigned
Fence Chain Link,Wood
Pool None
Community Features Biking,Street Lights
Utilities Available See Remarks
View Y/N Yes
View City Lights,Hills,Landmark,Neighborhood,Panoramic
Roof Type Common Roof
Building
Lot Description 2-5 Units/Acre,Back Yard,Drip Irrigation/Bubblers,Garden,Landscaped,Paved,Secluded,Sprinklers Timer
Story 3
Foundation Raised
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash,Cash to New Loan,Conventional,1031 Exchange
Listing Terms Cash,Cash to New Loan,Conventional,1031 Exchange
Special Listing Condition Standard