City Terrace, CA 90063 986 Gifford Avenue
$495,000
0 more
Presented By: Jagmeet Singh with Keller Williams Sierra Madre; 626-272-5941
- MLS# AR25054990
- 03/12/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 5
Baths • 2
SQFT • 1,218
Garage • 2
Home Details
986-988 Gifford Ave is a two-unit property located in the City Terrace neighborhood of East Los Angeles. The property features one 3 bedroom + 1 bathroom unit and one 2 bedroom + 1 bathroom unit. The property was built in 1948, and is 1,218 SF on a 5,097 SF lot. The front unit has its own car garage. Tenants enjoy being minutes from City Terrace Park and local schools. This is a great opportunity for an investment with lots of upside potential.
Presented By: Jagmeet Singh with Keller Williams Sierra Madre; 626-272-5941
Interior Features for 986 Gifford Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
Total Stories1
Other Rooms
Entry Level1
General for 986 Gifford Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityCity Terrace
Community FeaturesSidewalks
CountyLos Angeles
DirectionsI-10 W to Floral Dr, Exit 20C from I-710 S, Continue on Floral Dr, Take N Eastern Ave and Blanchard St to Gifford Ave
Electric Expense30.0
Electric On Property Y/NNo
Entry Location1
Fuel Expense0.0
Garage Spaces2.0
Garage Y/NYes
Gross Income39204.0
HOANo
Home Warranty Y/NNo
Insurance Expense1595.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash, CashToNewLoan
Lot Size Square Feet5098.0
Lot Size UnitsSquareFeet
MLS AreaCTER - City Terrace
MobileHomeRemainsYNNo
Net Operating Income25655.0
New ConstructionNo
Number Of Units Total2
Open Parking Spaces1.0
Operating Expense12373.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalDuplex
Property SubtypeDuplex
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Stories1
Tax Lot41
Taxes$5,783
Trash Expense950.0
Water Sewer Expense950.0
Waterfront Y/NNo
Year Built1948
Year Built SourceAssessor
ZoningLCR2YY
Exterior for 986 Gifford Avenue
Building Area Total1218.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesWalkstreet
Lot Size Acres0.117
Lot Size Area5098.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters2
Number of Separate Gas Meters2
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking3.0
Water SourcePublic
Additional Details
Price History
Hal Schlegel
Broker Associate