1296 South Citrus Avenue
$1,699,000
6
6
5,438
5,438
$312
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...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.
- 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 1296 South Citrus Avenue
Zoning
LAR3
Parcel Number5084026024
Total Units6.0
Living Area5438
Source Living AreaVendor Enhanced
AreaHancock Park-Wilshire
Vacancy Rate0
Lot Size Area7049
LISTING UPDATED: 12/11/2024 12:01 AM
Property Details for 1296 South Citrus Avenue
Status | Active |
---|---|
MLS # | 24-468821 |
Days on Market | 27 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1927 |
Lot Size | 0.16 AC / 7,049 SF |
County | Los Angeles County |
Building Information for 1296 South Citrus Avenue
Stories-Residences-Year Built1927Building Size-Lot Size0.16 AC / 7,049 SF
Property Information for 1296 South Citrus Avenue
Property History for 1296 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 1296 South Citrus Avenue
Taxable ValueLand$824,795Additions$361,729Total$1,186,524
Tax Record2024$15,372 ($1,281 / month)
Home Facts
Total Finished SqFt5,438 SqFtAbove Grade Finished SqFt5,438 SqFtLot Size7,052 SqFtStyleMulti-Family Res (5+ Units)Year Built1927ZoningLAR3CountyLOS ANGELESAPN5084-026-024
Schools near 1296 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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