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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$1,649,000

Est. payment - /mo

6 Beds

6 Baths

5,438 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,438 sqft

Price per Sqft $303

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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1296 S Citrus AVE Los Angeles, CA 90019