1200 S Citrus Avenue

Los Angeles , CA 90019

MLS#: 25581297

$3,150,000

Status: Active
Listing number: 25581297
Listing provided by: Kidder Mathews of California, Inc.
Listing agent phone: None
Last update: 6 hours ago
New on site 3 days ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1951

Sq.Footage

10,278

This is a true value add investment opportunity in the heart of Los Angeles. The property features one and two-bedroom units with a central courtyard and on-site parking. The structures sit on a large corner lot totaling 14,140 square feet. As an investment, there is almost 50% upside in the current rents. An investor can implement a strategic interior and exterior renovation strategy with the goal of increasing rents and taking advantage of the strength of this submarket. In addition, the property features detached carports which may provide potential to create ADUs at the property. The property also features coin operated laundry on-site.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Wall/Window Unit(s)

  • Heating YN

    YES

  • Heating

    Wall Furnace

Exterior

  • Garage

    No

  • Parking

    Detached Carport

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.3246

  • Property Type

    Residential Income

Price

  • Sales Price

    $3,150,000

  • Sq. Footage

    10, 278

  • Price/SqFt

    $306

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Senior Community YN

    NO

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Location

County

Los Angeles

Elementary School

Middle School

High School

Listing Courtesy of Bryan Glenn , Kidder Mathews of California, Inc.

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This is a true value add investment opportunity in the heart of Los Angeles. The property features one and two-bedroom units with a central courtyard and on-site parking. The structures sit on a large corner lot totaling 14,140 square feet. As an investment, there is almost 50% upside in the current rents. An investor can implement a strategic interior and exterior renovation strategy with the goal of increasing rents and taking advantage of the strength of this submarket. In addition, the property features detached carports which may provide potential to create ADUs at the property. The property also features coin operated laundry on-site.

1200 S Citrus Avenue

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