tomo logo

$2,269,000

Beds
8
sq ft
3,336

1268 S Citrus Ave, Los Angeles, CA 90019

1268 S Citrus Ave

Los Angeles, CA 90019

  • 4 days on market
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.

Details

Property type

Est. home value

$1,858,955

Property condition

Updated/Remodeled

Lot size

6,001 sq ft

Price per sq ft

$681

Year built

1924

HOA

No

Price History

03/27/2025
CLAW

CLAW #25517493

Listed
$2,269,000
+3.14%
12/16/2024
CRMLS

CRMLS #PW24177425

Removed
$2,200,000
10/10/2024
CRMLS

CRMLS #PW24177425

Price change
$2,200,000
-6.38%

Schools & Community

Neighborhood: 

Mid City

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Lone Oak Fund Llc

Loan start date

September 2021

Original loan amount

$660,000

Est. remaining balance

Not provided

Interest rate

2.77%

Loan type

Commercial

Seller

Sbk Mich Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 03/31/2025 at 7:05 AM

Listing updated: 03/28/2025 at 10:40 AM

Listed by: 'Amy'Mi Soon Kim, Hanbada Realty Inc. Phone #: (626) 720-6676

MLS: CLAW #25517493

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