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1292 S Citrus Ave, Los Angeles, CA 90019
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1292 S Citrus Ave Los Angeles, CA 90019

$1,750,000
  • 4 Beds
  • 4 Baths
  • 4,320 Sq.Ft.
For Sale
$1,750,000 Get Pre-Qualified
Map preview of 1292 S Citrus Ave, Los Angeles, CA 90019

Property Overview: 1292 S Citrus Ave Los Angeles, CA has 4 bedrooms, 4 bathrooms, 4,320 living square feet and 6,002 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Discover an exceptional investment opportunity in the heart of the coveted Mid-Wilshire submarket with this rare four-unit property, each offering oversized one-bedroom apartments that average approximately 1,000 square feet. Two of the units will be delivered vacant at close, presenting immediate rental upside potential. The units have been tastefully renovated to combine modern amenities with classic charm, featuring in-unit washers and dryers for added convenience.Situated on a generous 6,000 square foot lot, the property offers ample parking and boasts significant potential for future development. The location is unbeatable-within walking distance to the Midtown Shopping Center, Sprouts, Starbucks, and other local amenities-making it highly desirable for tenants seeking both comfort and convenience.This property represents a prime investment opportunity in one of Los Angeles' most vibrant neighborhoods, offering both immediate income potential and long-term growth possibilities. Don't miss your chance to own a piece of Mid-Wilshire's thriving real estate market.

Listed by Benjamin Lalezari | BRE #01987941 | Realty Investment Advisors, Inc.
Co-listed by Benjamin J. Hsiang | BRE #01438644 | Realty Investment Advisors, Inc.
Last checked: 9 minutes ago | Last updated: September 19th, 2024 | Source CRMLS | DOM: 15

Home details

Lot Sq. Ft
6,002
HOA Dues
$0/mo
Year built
1924
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24435504
City
Los Angeles
County
Los Angeles
Time on Site
15 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,600
  • Total Rent: $10,400
  • Pro Forma/Market Rent: $11,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.93%
  • Gross Rent Multiplier: 14.02
  • Gross Scheduled Income: --
  • Net Operating Income: $86,296
  • Gross Operating Income: $121,056
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 1292 S Citrus Ave

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Property Details for 1292 S Citrus Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Kitchen Information
  • Has Appliances
  • Refrigerator
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Tandem Garage, Uncovered
Property Information
  • Total # of Units: 4
  • Parcel Number: 5084026023
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: East on S. San Vicente Blvd, North on S. Citrus Ave
View more facts & features

Local Los Angeles Agent

Sale History for 1292 S Citrus Ave

Last sold on October 3rd, 2018

  • September, 2024

  • Sep 4, 2024

    Date

    Active

    CRMLS: 24435504

    $1,750,000

    Price

  • October, 2018

  • Oct 3, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • March, 2010

  • Mar 18, 2010

    Date

    Sold (Public Records)

    Public Records

    $570,000

    Price

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Tax History for 1292 S Citrus Ave

Assessed Value (2020): $672,761
Year Land Value Improved Value Assessed Value
2020 $472,114 $200,647 $672,761

Home Value Compared to the Market

This property vs the competition

1292 S Citrus Ave is listed 45.83% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $405.09 per/sqft which puts the price per square foot 47.25% lower than the median price per square foot for the city of Los Angeles.

About 1292 S Citrus Ave

Detailed summary of property

1292 S Citrus Ave is a multi family located in Los Angeles, CA 90019 and is currently for sale. This multi family property offers 4 bedrooms, 4 bathrooms, roughly 4,320 living square feet, and sits on an approximately 6,002 square foot lot. 1292 S Citrus Ave was first listed on ArdentRealEstateGroup.com on September 4, 2024. The homeowner is currently asking $1,750,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 45.83% higher than the median priced home. Local competing homes currently for sale include 1316-1318 S Hudson Ave, 1356 Meadowbrook Ave and 5317 Dockweiler Pl. While the average home in Los Angeles, CA is selling in 106 days, 1292 S Citrus Ave has a days on market of 15 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 1292 S Citrus Ave Los Angeles, CA 90019 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1292 S Citrus Ave

Public county record property details
Beds
4
Baths
4
Year built
1924
Sq. Ft.
4,320
Lot Size
5,999
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
88
APN
5084-026-023

The source for these homes facts are from public records.

90019 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,450,000
Median List Price/Sq.Ft.
$703
Median Sold Price
$1,277,500
Median Sold Price/Sq.Ft.
$715
Total Inventory
95
Median Sale to List Price %
98.65%
Avg Days on Market
29
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (20%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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