1292 1/2 South Citrus Avenue
$1,750,000
4
4
4,320
4,320
$405
Description
Discover an exceptional investment opportunity in the heart of the coveted Mid-Wilshire submarket with this rare four-unit property, each offering oversized one-bedroom apartments that average approximately 1,000 square feet. Two of the units will be delivered vacant at close, presenting immediate rental upside potential. The units have been tastefully renovated to combine modern amenities with classic charm, featuring in-unit washers and dryers for added convenience. Situated on a generous 6,000...Discover an exceptional investment opportunity in the heart of the coveted Mid-Wilshire submarket with this rare four-unit property, each offering oversized one-bedroom apartments that average approximately 1,000 square feet. Two of the units will be delivered vacant at close, presenting immediate rental upside potential. The units have been tastefully renovated to combine modern amenities with classic charm, featuring in-unit washers and dryers for added convenience. Situated on a generous 6,000 square foot lot, the property offers ample parking and boasts significant potential for future development. The location is unbeatable-within walking distance to the Midtown Shopping Center, Sprouts, Starbucks, and other local amenities-making it highly desirable for tenants seeking both comfort and convenience. This property represents a prime investment opportunity in one of Los Angeles' most vibrant neighborhoods, offering both immediate income potential and long-term growth possibilities. Don't miss your chance to own a piece of Mid-Wilshire's thriving real estate market.
- Listed by Benjamin Lalezari • DRE #01987941 • Brokerage DRE #01438644 • Realty Investment Advisors, Inc.
- Listed by Benjamin J. Hsiang • DRE #01438644 • Brokerage DRE #01438644 • Realty Investment Advisors, Inc.
Property Details for 1292 1/2 South Citrus Avenue
Zoning
LAR3
Parcel Number5084026023
Total Units4.0
Living Area4320
Source Living AreaVendor Enhanced
AreaHancock Park-Wilshire
Vacancy Rate2
Lot Size Area6002
LISTING UPDATED: 09/19/2024 02:49 PM
Property Details for 1292 1/2 South Citrus Avenue
Status | Active |
---|---|
MLS # | 24-435504 |
Days on Market | 17 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1924 |
Lot Size | 0.14 AC / 6,002 SF |
County | Los Angeles County |
Building Information for 1292 1/2 South Citrus Avenue
Stories2Residences-Year Built1924Building Size-Lot Size0.14 AC / 6,002 SF
Property Information for 1292 1/2 South Citrus Avenue
Property History for 1292 1/2 South Citrus Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1292 1/2 South Citrus Avenue
Taxable ValueLand$506,200Additions$215,132Total$721,332
Tax Record2023$9,109 ($759 / month)
Home Facts
Total Finished SqFt4,320 SqFtAbove Grade Finished SqFt4,320 SqFtLot Size6,000 SqFtStyleQuadraplexYear Built1924ZoningLAR3CountyLOS ANGELESAPN5084-026-023
Schools near 1292 1/2 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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