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1163 N Ditman Avenue, City Terrace, California 90063, City Terrace, 90063 - bed, bath

1163 N Ditman Avenue, City Terrace, California 90063 home-pic-0
ACTIVE$1,385,000
1163 N Ditman Avenue, City Terrace, California 90063
0Bed
0Bath
2,653Sqft
5,052Lot
Year Built
1924
Close
-
List price
$1.39M
Original List price
$1.49M
Price/Sqft
$522
HOA
-
Days on market
-
Sold On
-
MLS number
IN25144451
Home ConditionGood
Features
Good View:
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.39M(96th), sqft - 2653(84th), beds - undefined(50th), baths - undefined(50th).

Four unit property, great investment property for a First time buyer or investor!!! NOT under LA CITY RENT CONTROL. Three units open for you to set your own rent prices. Live in one and rent the rest. Income generating property opportunity!! It is centrally located and provides easy access to freeways. The property has been well maintained and nicely remodeled over the years. The property has great views. Thousands of dollars in not so obvious upgrades from having all new sewers installed to advanced earthquake retrofitting. Highly desirable neighborhood because of proximity to down town. Please drive by the property, but do not disturb the tenants. Being sold "AS-IS". Buyer to verify all permits and are responsible for conducting their own due diligence for current building and county requirements & restrictions. This is a MONEY MAKING PROPERTY in the next UP & COMING NEIGHBORHOOD.

Price History

Date
Event
Price
08/22/25
Price Change
$1,385,000
07/01/25
Listing
$1,485,000
03/11/13
Sold
$330,000
Condition Rating
Good
Despite being built in 1924, the listing explicitly states the property has been 'well maintained and nicely remodeled over the years' and includes 'thousands of dollars in not so obvious upgrades from having all new sewers installed to advanced earthquake retrofitting.' The visible images support this, showing clean, functional bathrooms with what appear to be newer, basic fiberglass tub/shower units and pedestal sinks, along with updated wood-look flooring in living areas. While the aesthetic style is basic and not high-end, the property appears move-in ready for tenants with no immediate renovation required for the visible areas, and major systems have received significant attention, aligning with the 'Good' condition criteria for a property extensively renovated within the last 5-15 years.
Pros & Cons

Pros

Multi-Unit Income Potential: A four-unit property (quadruplex) with three units available for market-rate rent, offering substantial income generation for investors or owner-occupants.
Rent Control Exemption: The property is explicitly stated as NOT being under LA City Rent Control, providing significant flexibility to set market rents and maximize income.
Major Structural Upgrades: Features thousands of dollars in non-obvious upgrades, including new sewers and advanced earthquake retrofitting, ensuring long-term structural integrity and reducing future capital expenditures.
Prime Location & Accessibility: Centrally located in an 'up & coming' neighborhood with easy freeway access and close proximity to downtown, enhancing tenant demand and potential property appreciation.
Well-Maintained & Remodeled: The property has been well-maintained and nicely remodeled over the years, presenting a move-in ready condition for tenants and reducing immediate renovation needs.

Cons

As-Is Sale Condition: The property is being sold in 'AS-IS' condition, transferring all responsibility for potential repairs or upgrades to the buyer.
Extensive Buyer Due Diligence: Buyers are explicitly responsible for verifying all permits and conducting their own due diligence, which can be a complex and time-consuming process.
Recent Price Reduction: A recent price drop from the original listing price ($1.485M to $1.385M) may suggest a longer market time or initial overpricing, potentially indicating a need for further market analysis.

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