1296 S Citrus Avenue
Los Angeles, CA 90019
5438 sqft | 6 beds | 0.16 acres | #24468821
Description
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
- Property SubtypeResidentialIncome
- Property TypeMulti-Family
- CountyLos Angeles
- Original List Price$1,699,000
- MLS #24468821
- MLS #24468821
- Cost1699000
- Acres0.1618
- Square Feet5438
- Year Built1927
- Bedrooms6
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Benjamin Lalezari (#CLW-C142780)
Listing Office: Realty Investment Advisors, Inc. (#CLW-X82128)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
