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1292 1/2 S Citrus Ave, Los Angeles, CA 90019

Sale Price: $1,658,000
Sep 4, 20244,320 sqft4 beds4 baths
Listed by: Benjamin Lalezari
License #: 01987941
Phone #: 818-448-2262
Realty Investment Advisors, Inc.
Source:
CRMLS Logo
MLS #: 24435504

Property Description

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.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$16,428

TurboHome Estimated Value

$1,422,600

$329 sqft

High Valuation
$1,493,730
$346/sqft
Normal Valuation
$1,422,600
$329/sqft
Low Valuation
$1,351,470
$313/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$329/sqft$1,422,600

Neighborhood: Mid City

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Comparative Value

$1.18M

$1.40M

$1.52M

$1.66M

$1.75M

$1.91M

2810 Somerset Dr, Los Angeles, CA 90016

Sale Price: $1,175,000

Selected Comparable

1363 Hauser Blvd, Los Angeles, CA 90019

Sale Price: $1,400,000

Selected Comparable

1155 S Hayworth Ave, Los Angeles, CA 90035

Sale Price: $1,520,000

Selected Comparable

1292 1/2 S Citrus Ave, Los Angeles, CA 90019

Sale Price: $1,658,000

Selected Comparable

1292 1/2 S Citrus Ave, Los Angeles, CA 90019

List Price: $1,750,000

Subject Property

1274 3rd Ave, Los Angeles, CA 90019

Sale Price: $1,909,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
1292 1/2 S Citrus Ave, Los Angeles, CA 90019

1292 1/2 S Citrus Ave, Los Angeles, CA 90019

List: $1,750,000

Listed: 9/4/2024

Area:4,320 sqft
Price/sqft:$405
Beds:4
Baths:4
Year Built:
Lot Size:6,000

Comparable Properties

COMPARABLE
Choose comps
1292 1/2 S Citrus Ave, Los Angeles, CA 90019

1292 1/2 S Citrus Ave, Los Angeles, CA 90019

Sale: $1,658,000

10/23/20240.00 mi

Area:4,320 sqft
Price/sqft:$384
Beds:4
Baths:4
Year Built:
Weight:22.8%
1274 3rd Ave, Los Angeles, CA 90019

1274 3rd Ave, Los Angeles, CA 90019

Sale: $1,909,000

5/14/20251.38 mi

Area:4,311 sqft
Price/sqft:$443
Beds:4
Baths:4
Year Built:
Weight:21.5%
2810 Somerset Dr, Los Angeles, CA 90016

2810 Somerset Dr, Los Angeles, CA 90016

Sale: $1,175,000

11/25/20241.40 mi

Area:4,643 sqft
Price/sqft:$253
Beds:4
Baths:4
Year Built:
Weight:19.3%
1155 S Hayworth Ave, Los Angeles, CA 90035

1155 S Hayworth Ave, Los Angeles, CA 90035

Sale: $1,520,000

1/3/20251.39 mi

Area:3,696 sqft
Price/sqft:$411
Beds:4
Baths:4
Year Built:
Weight:18.5%
1363 Hauser Blvd, Los Angeles, CA 90019

1363 Hauser Blvd, Los Angeles, CA 90019

Sale: $1,400,000

11/12/20240.77 mi

Area:3,352 sqft
Price/sqft:$418
Beds:4
Baths:4
Year Built:
Weight:17.8%

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