We are proud to present 1296 South Citrus Avenue, a prime 6-unit investment opportunity in the highly desirable Mid-Wilshire submarket! Situated on a spacious 7,052 sq. ft. corner lot, the property features six generously sized 1-bedroom, 1-bathroom units, each equipped with in-unit washers and dryers. This property offers an assumable loan of approximately $720,000 at a competitive 3.94% interest rate, fixed through November 2026. Adding further value, the property includes approved plans for a 2-bedroom, 2-bathroom Accessory Dwelling Unit (ADU), with an estimated rental potential of $4,000 per month. Buyer must accommodate for the seller’s 1031 exchange.
Property Details
Price:
$1,699,000
MLS #:
24468821
Status:
Active
Baths:
0
Address:
1296 S Citrus Avenue
Type:
Residential Income
Neighborhood:
c18hancockparkwilshire
City:
Los Angeles
Listed Date:
Dec 3, 2024
State:
CA
ZIP:
90019
Lot Size:
7,049 sqft / 0.16 acres (approx)
Year Built:
1927
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Parking Spots
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Community
- Address1296 S Citrus Avenue Los Angeles CA
- AreaC18 – Hancock Park-Wilshire
- CityLos Angeles
- CountyLos Angeles
- Zip Code90019
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1296 S Citrus Avenue
Los Angeles, CA
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