1451 Volney
City Terrace, CA, 90063
$699,000
MLS: AR26075892
Beds
4
Baths
3
Sq Ft
1,568
Lot
0.12 ac
Year Built
1947
MLS #
AR26075892
Days on Market
10
Listed
Apr 9, 2026
Description
Perched in the desirable hills of City Terrace neighborhood, this multi-generational fixer-upper presents a rare opportunity to create incredible potential along with stunning hillside and Downtown Los Angeles views. This spacious home features 4 bedrooms and 3 bathrooms. The property blends classic charm with opportunities for customization. The main level features a welcoming living room that flows seamlessly into a formal dining area and an open kitchen. Two bedrooms and two bathrooms are conveniently located on this level, along with an in-hallway laundry closet. A bright and airy family room highlights a charming brick fireplace and opens through sliding doors to a private balcony showcasing stunning Downtown LA views. A spiral staircase leads to the lower level. The lower level features two additional bedrooms with a private entrance; well-suited for extended family, rental income, and possible conversion into a separate unit. This level also has a laundry room and a bathroom with a shower. Central AC & heater upstairs, along with a split AC unit downstairs. The backyard provides a covered patio, usable outdoor space, and a variety of fruit trees; perfect for relaxing or entertaining. Additional highlights include a finished garage with strong ADU conversion potential (buyer to verify), creating an opportunity to significantly increase both property value and rental income. Ideally located on the border of Alhambra and Monterey Park, the property is close to City Terrace Elementary School, Cal State LA, Monterey Park Golf Club, Downtown Los Angeles, and major employment centers. Convenient access to the 10 and 710 freeways. Fantastic opportunity for investors, contractors, or owner-users seeking a versatile project with multiple exit strategies—fix and flip, buy and hold, or multi-unit conversion.
Location
City Terrace, Los Angeles County, CA 90063
Open on Google Maps ↗Listed by: Julia Zhao · Re/Max Elite Realty
Payment estimate
$5,156
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $69,900 · Loan: $629,100
- Principal & Interest
- $3,865
- Property tax (1.25%)
- $728
- Homeowners insurance
- $300
- Mortgage insurance
- $262
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this City Terrace home with as little as 3.5% down using an FHA loan — roughly $24,465 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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