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$1,699,000
Est. payment /mo
6 Beds
6 Baths
5,438 SqFt
UPDATED:
12/11/2024 07:37 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,438 sqft
Price per Sqft $312
MLS Listing ID 24468821
Bedrooms 6
HOA Y/N No
Year Built 1927
Lot Size 7,048 Sqft
Property 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.
Location
State CA
County Los Angeles
Area C18 - Hancock Park-Wilshire
Zoning LAR3
Interior
Heating Wall Furnace
Fireplace No
Exterior
Parking Features Carport
Attached Garage No
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5084026024
Special Listing Condition Standard
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Listed by Benjamin Lalezari • Realty Investment Advisors, Inc.
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Adrian Castillo
Principal/Realtor | CA DRE#01308935
Principal/Realtor CA DRE#01308935