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$1,649,000
Est. payment /mo
5,438 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,438 sqft
Price per Sqft $303
MLS Listing ID CL24468821
HOA Y/N No
Year Built 1927
Lot Size 7,049 Sqft
Acres 0.16
Property Sub-Type Other
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
Zoning LAR3
Interior
Heating Wall Furnace
Fireplace No
Building
New Construction No
Others
Tax ID 5084026024
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© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Benjamin Lalezari • Realty Investment Advisors, Inc.