Keegan Cin | Realtor® | License # DRE 01971604

Property

Los Angeles, CA 90019 1268 S Citrus Avenue

1268 S Citrus Avenue Los Angeles, CA - Image 11268 S Citrus Avenue Los Angeles, CA - Image 21268 S Citrus Avenue Los Angeles, CA - Image 3
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Presented By: 'Amy'Mi Soon Kim with Hanbada Realty Inc.;
  • MLS# 25517493
  • 03/27/2025
  • Request Tour
  • Request Info
  • Beds • 8
  • Baths • 4
  • SQFT • 3,336
  • Year Built • 1924

Home Details

Strategically located south of Olympic Blvd and west of Rimpau Blvd, this fully renovated Spanish-style quadruplex in the heart of Mid-Wilshire presents an unbeatable investment opportunity with a 5% CAP rate and 14.8 GRM, featuring four 2-bedroom, 1-bath units, each thoughtfully upgraded with sleek quartz countertops, high-end stainless steel appliances, stylish flooring, in-unit laundry with owner-owned washers and dryers, newer double-pane windows, and upgraded electrical panels, while offering four designated parking spaces, separate gas meters, and newly installed sewer and electrical systems; the property has undergone seismic retrofit improvements, and each unit is equipped with a tankless water heater and separately metered gas and electricity, ensuring modern convenience, energy efficiency, and long-term value; additionally, with strong value-add potential and a prime location attracting tenants priced out of Miracle Mile to the north and Culver City to the west, this property presents a rare and lucrative investment opportunity in one of Los Angeles' most sought-after rental markets. This is the ideal situation for an owner or tenant looking to benefit from all the beautiful amenities Los Angeles has to offer.
Presented By: 'Amy'Mi Soon Kim with Hanbada Realty Inc.;

Interior Features for 1268 S Citrus Avenue

Bedrooms

Total Bedrooms8

Bathrooms

Half Baths0
Total Baths4
1/4 Baths
3/4 Baths

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
FlooringLaminate
Heating Y/NYes
Total Stories2

General for 1268 S Citrus Avenue

Additional Parcels Y/NNo
AppliancesDishwasher, Refrigerator, Dryer, Washer
Attached Garage No
Buyer FinancingConventional
Cap Rate5.0
Carport Y/NNo
CityLos Angeles
CountyLos Angeles
Directionssouth of Olympic Blvd, and west of Rimpau Blvd.
Electric On Property Y/NNo
Full Baths
Garage Y/NNo
Gross Income153000.0
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet6001.0
Lot Size UnitsSquareFeet
MLS AreaC18 - Hancock Park-Wilshire
MobileHomeRemainsYNNo
Net Operating Income113349.0
New ConstructionNo
Number Of Units Total4
Occupancy TypeTenant
Open Parking Spaces4.0
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NNo
Property ConditionUpdatedRemodeled
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tenant PaysElectricity, Gas
Year Built1924
ZoningLAR3

Exterior for 1268 S Citrus Avenue

Building Area Total3336.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1378
Lot Size Area6001.0
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesAssigned
Private PoolNo
SpaNo
Total Parking4.0
WaterfrontY/NNo

Additional Details

Price History

Alexandra Eston

Sales Associate
Price $2,269,000
MLS#25517493
List Date 03/27/2025
Property Type Multi-Family
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