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Sold for $1,450,000 on 05/22/25
  • Listing Provided by: 

    Jose Cordova DRE #01291800 323-350-4900,

    Jose Cordova, BROKER

    Bought with: Jason Reid & Associates
    $1,450,000

    3022 Terry Pl, Los Angeles, CA 90031

    7beds
    5baths
    3,548sqft
    Triplex
    Built in 1956
    -- sqft lot
    $1,426,600 Zestimate®
    $409/sqft
    $2,654 Estimated rent

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    $2,654/mo

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    $2,654/mo

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    $8,985/mo

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    $8,985/mo

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    What's special

    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.

    Zillow last checked: 8 hours ago

    Listing updated: May 22, 2025 at 11:39pm

    Listing Provided by:

    Jose Cordova DRE #01291800 323-350-4900,

    Jose Cordova, BROKER

    Bought with:

    Lynn-Ann Cuminotto, DRE #01432671

    Jason Reid & Associates

    Source: CRMLS,MLS#: AR25039446MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 5
    Heating
    • See Remarks
    Cooling
    • Central Air, See Remarks
    Appliances
    • Included: Dishwasher, Electric Range, Gas Range, Range Hood, Vented Exhaust Fan, Water Heater, Dryer, Washer
    • Laundry: Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Inside, Laundry Closet, Laundry Room, Stacked
    Features
    • Beamed Ceilings, Balcony
    • Flooring: See Remarks
    • Windows: Atrium, Bay Window(s), Double Pane Windows, ENERGY STAR Qualified Windows, French/Mullioned, Garden Window(s), Screens, Stained Glass, Tinted Windows, Wood Frames
    • Has fireplace: Yes
    • Fireplace features: Great Room
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 3,548
    • Total interior livable area: 3,548 sqft

    Property

    Parking
    • Total spaces: 6
    • Parking features: Assigned
    • Uncovered spaces: 6
    Accessibility
    • Accessibility features: None
    Features
    • Entry location: 2
    • Exterior features: Lighting
    • Pool features: None
    • Spa features: None
    • Fencing: Chain Link,Wood
    • Has view: Yes
    • View description: City Lights, Hills, Landmark, Neighborhood, Panoramic
    Lot
    • Size: 9,887 sqft
    • Features: 2-5 Units/Acre, Back Yard, Drip Irrigation/Bubblers, Garden, Landscaped, Paved, Secluded, Sprinklers Timer
    Details
    • Parcel number: 5208001010
    • Zoning: LARD3
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Contemporary,Custom,Modern,Patio Home
    • Property subtype: Triplex
    Materials
    • Drywall, Glass, Stucco
    • Foundation: Raised
    • Roof: Common Roof
    Condition
    • Updated/Remodeled
    • New construction: No
    • Year built: 1956

    Utilities & green energy

    • Electric: Unknown
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: See Remarks
    Green energy
    • Water conservation: Water-Smart Landscaping

    Community & neighborhood

    Community
    • Community features: Biking, Street Lights
    Location
    • Region: Los Angeles

    HOA & financial

    Other financial information
    • Total actual rent: 8185

    Other

    Other facts
    • Listing terms: Cash,Cash to New Loan,Conventional,1031 Exchange
    • Road surface type: Gravel, Paved
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    Estimated market value
    $1,426,600