3022 Terry Place
Los Angeles, CA, 90031
$1,399,990
Beds
0 Baths
SqFt
0.23 Acres
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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.

-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 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
– 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.

Property Details

Price:
$1,399,990
MLS #:
AR25039446
Status:
Active
Baths:
0
Address:
3022 Terry Place
Type:
Residential Income
Subtype:
Triplex
Neighborhood:
677lincolnhts
City:
Los Angeles
Listed Date:
Feb 21, 2025
State:
CA
ZIP:
90031
Lot Size:
9,887 sqft / 0.23 acres (approx)
Year Built:
1956
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Interior

Accessibility Features
None
Appliances
Dishwasher, Electric Range, Gas Range, Range Hood, Vented Exhaust Fan, Water Heater
Cooling
Central Air, See Remarks
Fireplace Features
Great Room
Flooring
See Remarks
Heating
See Remarks
Interior Features
Balcony, Beamed Ceilings
Window Features
Atrium, Bay Window(s), Double Pane Windows, E N E R G Y S T A R Qualified Windows, French/ Mullioned, Garden Window(s), Screens, Stained Glass, Tinted Windows, Wood Frames

Exterior

Community Features
Biking, Street Lights
Electric
Electricity – Unknown
Exterior Features
Lighting
Fencing
Chain Link, Wood
Foundation Details
Raised
Garage Spaces
0.00
Lot Features
2-5 Units/ Acre, Back Yard, Garden, Landscaped, Lot 6500-9999, Patio Home, Paved, Secluded, Sprinklers Drip System, Sprinklers Timer
Parking Features
Assigned
Parking Spots
6.00
Pool Features
None
Roof
Common Roof
Sewer
Public Sewer
Spa Features
None
Stories Total
3
View
City Lights, Hills, Landmark, Neighborhood, Panoramic
Water Source
Public

Financial

Association Fee
0.00
Tenant Pays
See Remarks
Utilities
See Remarks

Map

Community

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3022 Terry Place
Los Angeles, CA