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.
Additional Features
- Wall Furnace
- Two
- Parking spaces: 0.00
- Listing Status: Active
- Listing Agent: Benjamin Lalezari
(lic# 01987941)
of Beverly Hills/Greater LA
- Listing Office: Realty Investment Advisors, Inc.
(lic# 02063191)
- CO-Listing Agent: Benjamin J. Hsiang
(lic# 01438644)
of Beverly Hills/Greater LA
- CO-Listing Office: Realty Investment Advisors, Inc.
(lic# 02063191)
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Based on information from CRISNet MLS as of 25th December 2024 at 4:02pm. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
