- Summary
- Location
- Amenities
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.
- Six oversized one bedroom one bath units
averaging appx. 900 sf - Sold with approved plans to build a twobedroom/
two-bathroom ADU (est. rent
$3,995/month) - Unit 1296 is fully renovated and fully
furnished and can be delivered vacant. - 7,052 sf corner lot development
opportunity, zoned R3 and TOC tier 2 with
potential to construct up to 14 units (Buyer
to verify) - Individual washer and dryer in each unit
- Desirable Mid-Wilshire submarket that is
walkable to the Midtown Shopping Center,
Sprouts, Target, and Starbucks. - 6 total parking spaces (4 carports and 2
garages spaces) - Assumable loan of appx. $670,372 at 3.94%
interest rate through November 2026
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