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1296 S Citrus Ave
Los Angeles, CA 90019 Miracle Mile

$1,699,000 USD

Apartments For Sale • 5,438 SF

Property Details

Property Type Apartments
Total Building Size 5,438 SF
Lot Size 0.16 AC
Building Class C
Year Built 1927
Cap Rate 4.30 %
Zoning LAR3

61 Transit Score

90 Walk Score

                
                    Highlights
                
                                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)
                            
                                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)
                            
                                7,052 sf corner lot development opportunity zoned R3

Financial Summary (Actual)

Net Operating Income: $73,137 USD (2024)

Cap Rate:	4.30 %
Total Expenses:	$36,695 USD

Public Transportation

Commuter Rail	Drive	Walk	Distance
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak)	14 min	-	7.8 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	16 min	-	8.1 mi
Airport	Drive	Walk	Distance
Los Angeles International	19 min	-	9.8 mi
Bob Hope	23 min	-	12.1 mi
Long Beach (Daugherty Field)	35 min	-	25.9 mi

Benjamin Hsiang 424-377-6001 Realty Investment Advisors

1296 S Citrus Ave Los Angeles, CA 90019 Miracle Mile