The hills of City Terrace are crowded with Spanish-Colonial style homes and apartment buildings that loom over twisting and winding streets. But many of the homes in the former Jewish and now primarily Latino neighborhood – located in unincorporated East Los Angeles – are often in need of repair. One of those properties, a recently listed $338,000 duplex in the 3800 block of Woolwine Drive, comes with many of the original features old home lovers crave: arched windows, wood floors and built in cabinets and tile. But this 1932 house, with more than 2,100-square-feet of space, also need some work. A big, black metal stairway – which looks like it was added much later – also detracts from the arches framing the second-floor landing. Will the promise of rental income offset the cost renovations to polish up this classic City Terrace property?
Hmm…sold for $170,000 in February 2011. Fast forward to now with no apparent repairs, for a sale price of $338,000. Only a good deal if they can prove a whole lotta work went into it. The photos aren’t really convincing…