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    1296 S Citrus Ave

    Los Angeles, CA 90019
    • $2,097,000
    • STATUS: Active
    • ON SITE: 137 days
    • MLS #: 21-729536
    UPDATED: 69 min ago
    $2,097,000
    • 6
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,438
      SQFT
    • $386
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1927
    County:

    School Ratings & Info

    Description

    Great Upside income and incredible opportunity of the most apricated zip code in the USA , Seller willing to carry 2nd , so you can come in with low down payment, Do not disturb tenants. Due to covid-19 restrictions and the sensitivity of the tenants, there will be no interior tours until the property is under contract. Buyer must assume the current Chase loan or pay the prepayment penalty and cooperate with Seller's 1031 exchange or Deferred Sales Trust. ADU Unit quote of $188,000 available for the garage to be converted into a two-bedroom unit.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-24T16:43:16.507. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.markwiseproperties.com/homes/116948743
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    1296 S Citrus Ave Los Angeles, CA 90019

    • Price: $2,097,000
    • Status: Active
    • Updated: 69 min ago
    • MLS #: 21-729536
    6
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    5,438
    SQFT
    $386
    $/SQFT
    1927
    Built
    Neighborhood:
    Hancock Park-Wilshire
    County:
    Los Angeles
    Area:
    Hancock Park-Wilshire
    Property Description
    Great Upside income and incredible opportunity of the most apricated zip code in the USA , Seller willing to carry 2nd , so you can come in with low down payment, Do not disturb tenants. Due to covid-19 restrictions and the sensitivity of the tenants, there will be no interior tours until the property is under contract. Buyer must assume the current Chase loan or pay the prepayment penalty and cooperate with Seller's 1031 exchange or Deferred Sales Trust. ADU Unit quote of $188,000 available for the garage to be converted into a two-bedroom unit.
    Exterior Features

    Carport Spaces Total 4 Covered Parking 6 Direction Faces South Exterior Construction Stucco Garage Structures Total 1 Lot Size Area 7047 Other Structures Other Parking Garage CarportGarage - 2 CarOn Street Paved YN Yes Roof CompositionShingle Spa None Spa YN No Sprinklers None Total Parking 6

    Interior Features

    Baths Total 6.00 Cooking Appliances Gas Grill Cooling Wall Unit(S) Equipment DryerWasherRefrigerator Flooring LaminateHardwood Foundation Details Raised Heating Wall Gas Laundry In Unit Laundry Equipment Own Water Heater Features Gas Windows Double Pane Windows

    Property Features

    Alley YN No Assessed Total Value 1106627 Gross Income 53848 Gross Operating Income 96804 Like Units1 6 Net Operating Income 53848.00 Number Of Buildings 1 Number Of Units 6 Owner Pays WaterGardener Rent Control YN Yes Sale Type Standard Security Features Gated Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Tenant Pays Cable TvElectricityGasTrash CollectionHot Water Total Annual Expense 41988 TVServices Cable Tv Type Of Units (6) One Bed Water Public Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lar3

    Listing provided courtesy of Simon Stone DRE# of Exp Realty Of California Inc.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-24T16:43:16.507. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Mark Wise | Bennion Deville Homes
    71691 Highway 111
    Rancho Mirage CA, 92270