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REDUCED – 6 UNITS | LOS ANGELES
$1,675,000

For Sale
  • Summary
  • Location
  • Amenities

Realty Investment Advisors is proud to present 1296 South Citrus Avenue, a prime 6 unit investment opportunity in the coveted Mid-Wilshire submarket! This property, boasting 1927 construction, offers a unique blend of vintage charm and modern potential.

Situated on a spacious 7,052 square foot corner lot, the subject property features six generously sized one-bedroom, one-bathroom units averaging approximately 900 square feet each.  Unit 1296 stands out with its fully renovated and fully furnished status, ready for a new buyer to owner occupy or lease out.

Additionally, this property comes with approved plans to construct a two-bedroom, two-bathroom Accessory Dwelling Unit (ADU), with an estimated rent potential of $4,000 per month.  The construction timeline for the ADU is estimated to be six to eight months, with an approximate cost ranging from $160,000 to $180,000.

Each unit is equipped with individual washer and dryer, ensuring convenience and comfort for tenants. The subject property offers six parking spaces on-site and is conveniently located within walking distance to the Midtown Shopping Center, Sprouts, Target, and Starbucks.   Furthermore, the property comes with the added benefit of an assumable loan of approximately $720,000 at a competitive interest rate of 3.94% through November 2026, providing flexibility in financing options.

Don’t miss out on this rare opportunity to invest in a well-positioned property with significant income potential and approved plans for further expansion. Secure your future returns in this thriving market today!

  • Six oversized one bedroom one bath units averaging appx. 900 sf
  • Sold with approved plans to build a two-bedroom/two-bathroom ADU (est. rent $4,000/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)

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