Listing provided courtesy of 'Amy'Mi Soon Kim of Hanbada Realty Inc.. Last updated 2025-04-29 08:12:03.000000. Listing information © 2024 Sandicor.
Asking Price: $2,269,000 |
1268 Citrus, Los Angeles CA 90019
Community: C18 - Hancock Park-Wilshire
This property was built in 1924 and is priced at $2,269,000. Please see the additional details below.
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.