Mike Watson, Realtor

Mike Watson

Call or Text(661) 733-2196
ActiveMixedUse

3932 CITY TERRACE Place

Los Angeles, CA, 90063

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$665,000

MLS: IV24108557

Beds

4

Baths

4

Sq Ft

2,174

Lot

0.06 ac

Year Built

1924

MLS #

IV24108557

Days on Market

645

Listed

May 29, 2024

Description

This well-maintained four-unit property offers a unique blend of residential and commercial spaces, making it an excellent opportunity for investors or owner-users. The top floor features a spacious three-bedroom, two-bathroom residential unit complete with a private laundry room. At the rear of the property is a fully remodeled one-bedroom, one-bathroom unit with modern finishes, ideal for a tenant seeking a turnkey living space. The front of the property consists of two ground-level units designated for commercial use, providing flexibility for retail, office, or service-oriented businesses. Recent upgrades include a brand-new roof, as well as new plumbing and electrical systems throughout the front portion of the property. This property offers both immediate functionality and long-term investment value.

Location

Los Angeles, Los Angeles County, CA 90063

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Listed by: ARMANDO CORONADO · CENTURY 21 EXPERIENCE

Payment estimate

$4,919

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $66,500 · Loan: $598,500

%
Principal & Interest
$3,677
Property tax (1.25%)
$693
Homeowners insurance
$300
Mortgage insurance
$249
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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 Los Angeles home with as little as 3.5% down using an FHA loan — roughly $23,275 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.

Local Market Stats

See Los Angeles, CA 90063 market trends →

Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.

#1 Producing Individual Realtor — Antelope Valley

Only large teams outsell Mike Watson · Keller Williams Realty

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