Active

3022 Terry PL

LOS ANGELES CA, 90031

$1,399,990


$394.59 per sqft

Active

7 Beds

4 Baths

3,548 sqft

Multi-family

Built in 1956

Investors are going to love the rents on this absolute gem of an investment property. Not only is this property very unique for the area, it also boasts having 2 of its 3 units being professionally 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. -Each unit has its own private yard, laundry, 2 parking spaces -Mature fruit trees (limes, orange, banana, avocados, fig) -Drought tolerant landscaping with 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 -One Duplex, 1 House -Even higher rental income potential -No repairs necessary -Minimal maintenance -2 completely renovated units So DO NOT miss out on this very rare opportunity that is as good as it gets in the area, while still somehow having even more future earnings potential. Or you'll be kicking yourself later.

AR25039446MR

MLS ID

February 22, 2025

Listed

February 22, 2025

Updated

Interior Features

Total Stories

3


Bedrooms

7


Total Bathrooms

4


Appliances

Dishwasher, Dryer, Dryer Included, Gas Or Electric Dryer Hookup, In Closet, Inside, Laundry Closet Stacked, Room, Stackable W/D Hookup, Vented Exhaust Fan, Washer, Washer Hookup, Washer Included


Laundry Description

Dryer, Dryer Included, Gas Or Electric Dryer Hookup, In Closet, Inside, Laundry Closet Stacked, Room, Stackable W/D Hookup, Washer, Washer Hookup, Washer Included


Fireplace

Yes


Fireplace Description

Great Room


Cooling

Yes


Cooling Description

Central, See Remarks


Heating

Yes


Heating Description

Other

Exterior/Building Features

Lot Size

0.23 Acres


Roof

Common Roof


Sewer

Public Sewer


Window

Double Pane Windows, French Windows, Screens, Stained or Leaded, Tinted Windows

Other Property Details

Area Name

Lincoln Heights


Garage

No


Parking

Assigned


Parking Total

6


View

Yes


View Description

City Lights, Hills, Landmark, Panoramic


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

LARD3

Listing History

Date

Event

Price

2/22/2025

Active

Listed by Jose Cordova with Jose Cordova, BROKER
Listing Contact: 323-350-4900 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor LA Real shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2025 Combined L.A./Westside MLS. All rights reserved.

Data last updated 2/22/2025

Powered byLuxury Presence