1268 South Citrus Avenue

Los Angeles, CA 90019

$2,350,000
Price
8
Beds
4
Baths
3,336 Sq. Ft.
$704 / Sq. Ft.
3,336
Sq. Ft.
$704
per Sq. Ft.

Description

5.06% CAP RATE with super low expenses ! Fully renovated 4 unit in heart location in Mind wilshier, Los Angeles ! Newer double pain windows, newer sewer line , all units comes with 2 bed 1 full bath room , fully remodeled kitchen , flooring, mini split units for Ac and heating, upgraded electrical panel for all 4 units, 4 saparate gas meters, each units come with the own laundry (owner owns washer and dryers) , pleanty of parking spots. 1 units just vacated, 1 unit moving out Oct, 2024, 1 unit contract...5.06% CAP RATE with super low expenses ! Fully renovated 4 unit in heart location in Mind wilshier, Los Angeles ! Newer double pain windows, newer sewer line , all units comes with 2 bed 1 full bath room , fully remodeled kitchen , flooring, mini split units for Ac and heating, upgraded electrical panel for all 4 units, 4 saparate gas meters, each units come with the own laundry (owner owns washer and dryers) , pleanty of parking spots. 1 units just vacated, 1 unit moving out Oct, 2024, 1 unit contract expires 12/31/24 , last units in on month to month. Each unit can be rented at $3,250 - $3,350
Upstairs unit has a balcony , downstair unit has 2 separate access (Facing to street and from the back parking lot)

Super low Expense :

Insurance $3, 216 (per yr) + Trash $3,180 ($265 per month) + water $2,600 ($445 every 2 month) + Gardening $1,560 ( $130 per month) + no management cost =
$10,556 per yr

Property Tax $23,183.56

Total Expense : $33,739.56 (Approx 22% of GSI)



GSI : $12,700 Rent per month $152,400

NOI : $118,660.44

Please request your OM today and check video link ->> https://vimeo.com/1000595132
  1. Listed by Tae Woo Kim • DRE #02024609 • Brokerage DRE #02182130 • Circa Properties, Inc. • 213-268-4384

Property Details for 1268 South Citrus Avenue

Parking Spaces Total
0
Private Pool
No
Total Units
4.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
3336
Assessor Parcel Number
5084-026-017
Property Attached YN
false
LISTING UPDATED: 08/28/2024 12:11 AM

Property Details for 1268 South Citrus Avenue

StatusActive
MLS #PW24177425
Days on Market25
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1924
Lot Size0.14 AC / 6,001 SF
CountyLos Angeles County

Virtual Tour

Building Information for 1268 South Citrus Avenue

Stories2Residences-Year Built1924Building Size-Lot Size0.14 AC / 6,001 SF

Property Information for 1268 South Citrus Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $152,400
  • Net Operating Income: $118,660
Expense Details
  • Operating Expense: $33,739
  • Gardener Expense: $1,560
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $3,216
  • Trash Expense: $3,180
  • Water Sewer Expense: $2,600
  • Total Expenses: $10,556
Tax / Assessment Info
  • Tax Tract Number: 5069
  • Tax Census Tract: 2172.00
  • CFD/Mello-Roos Fee: $551
  • Tax Lot: 83
Community / Development
Community / Development
  • Community Features: Curbs
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside
Exterior Features
  • Entry Location: ground
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Assigned
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Assigned
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 3250
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $3,150
  • Unit Type Total Rent: $3,150
  • Unit Type Pro Forma: 3250
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $3,150
  • Unit Type Total Rent: $3,150
  • Unit Type Pro Forma: 3250
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $3,150
  • Unit Type Total Rent: $3,150
  • Unit Type Pro Forma: 3250
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Property History for 1268 South Citrus Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1268 South Citrus Avenue

Taxable ValueLand$1,456,560Additions$468,180Total$1,924,740
Tax Record2023$23,184 ($1,932 / month)
Home Facts
Total Finished SqFt3,336 SqFtAbove Grade Finished SqFt3,336 SqFtLot Size5,999 SqFtStyleQuadraplexYear Built1924ZoningLAR3CountyLOS ANGELESAPN5084-026-017

Schools near 1268 South Citrus Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 12
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Wilshire Crest Elementary School
PublicK to 5

Los Angeles Senior High School
Public9 to 12

New Los Angeles Charter School
Charter6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1268 South Citrus Avenue is a multi-family home for sale in Los Angeles, CA 90019. This property was listed for sale on August 26, 2024 by Circa Properties, Inc., it's currently listed at $2,350,000. It has been on the market for a total of 25 days and was last sold on February 7, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Wilshire Crest Elementary School, Girls Academic Leadership Academy, Dr. Michelle King School For Sci, Tech, Eng And Math and Los Angeles Senior High School. 1268 South Citrus Avenue is a 8-bed, 4-bath, 3,336 sqft multi-family home built in 1924.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Circa Properties, Inc., Tae Woo Kim, DRE #02024609

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.