Los Angeles, CA 90031 3022 Terry Place

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3022 Terry Place Los Angeles, CA - Image 13022 Terry Place Los Angeles, CA - Image 23022 Terry Place Los Angeles, CA - Image 3
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Presented By: Jose Cordova with Jose Cordova, BROKER; 323-350-4900
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# AR25039446
  • 02/22/2025
  • Request Tour
  • Request Info
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 3
  • Full/Half Baths • 2 / 1
  • SQFT • 3,548

Home Details

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. UPDATE: Foundation Inspection done. All homes + retaining wall passed and are structurally sound.
Presented By: Jose Cordova with Jose Cordova, BROKER; 323-350-4900

Interior Features for 3022 Terry Place

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace FeaturesGreatRoom
Fireplace Y/NYes
FlooringSeeRemarks
Heating Y/NYes
Interior AmenitiesBeamedCeilings, Balcony
Laundry FeaturesWasherHookup, ElectricDryerHookup, GasDryerHookup, Inside, LaundryCloset, LaundryRoom, Stacked
Total Stories3
Window FeaturesAtrium, BayWindows, DoublePaneWindows, EnergyStarQualifiedWindows, FrenchMullioned, GardenWindows, Screens, StainedGlass, TintedWindows, WoodFrames

Other Rooms

Entry Level2

General for 3022 Terry Place

AccessibilityNone
Additional Parcels Y/NNo
AppliancesDishwasher, ElectricRange, GasRange, RangeHood, VentedExhaustFan, WaterHeater, Dryer, Washer
Architectural StyleContemporary, Custom, Modern, PatioHome
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLos Angeles
Community FeaturesBiking, StreetLights
Construction MaterialsDrywall, Glass, Stucco
CoolingCentralAir, SeeRemarks
CountyLos Angeles
DirectionsFrom N. Broadway go north on Johnston, turn right onto Terry Pl right before Minnesota St.
ElectricUnknown
Electric On Property Y/NNo
Entry Location2
Expected Active Date 2025-02-22
Garage Spaces0.0
Garage Y/NNo
Green Water ConservationWaterSmartLandscaping
Gross Income98220.0
HOANo
HOA Fee$0.0
HeatingSeeRemarks
Home Warranty Y/NNo
Insurance Expense2360.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashToNewLoan, Conventional, Exchange1031
Lot Size Square Feet9887.0
Lot Size UnitsSquareFeet
MLS Area677 - Lincoln Hts
MobileHomeRemainsYNNo
Net Operating Income91220.0
New ConstructionNo
Number Of Units Total3
Number of Units Leased3
Open Parking Spaces6.0
Operating Expense7000.0
Pool FeaturesNone
Property Attached Y/NNo
Property ConditionUpdatedRemodeled
Property Sub Type AdditionalTriplex
Property SubtypeTriplex
Property TypeResidentialIncome
Rent Control Y/NYes
RoofCommonRoof
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Tax Lot8
Tenant PaysSeeRemarks
Total Actual Rent8185.0
Trash Expense960.0
UtilitiesSeeRemarks
ViewCityLights, Hills, Landmark, Neighborhood, Panoramic
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1956
Year Built SourceAssessor
ZoningLARD3

Exterior for 3022 Terry Place

Building Area Total3548.0
Crops Included Y/NNo
Exterior AmenitiesLighting
FencingChainLink, Wood
Foundation DetailsRaised
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesTwoToFiveUnitsAcre, BackYard, DripIrrigationBubblers, Garden, Landscaped, Paved, Secluded, SprinklersTimer
Lot Size Acres0.227
Lot Size Area9887.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters3
Number of Separate Gas Meters3
Number of Separate Water Meters2
Open Parking Y/NNo
Parking FeaturesAssigned
Private PoolNo
Road Frontage TypeCityStreet
Road Surface TypeGravel, Paved
SpaNo
Total Parking6.0
Water SourcePublic

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $1,499,990
MLS#AR25039446
List Date 02/22/2025
Property Type Pending
Phone 714.742.6515
Request Tour
Request Info
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