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.
Property Details
Price:
$2,249,000
MLS #:
25517493
Status:
Active
Baths:
0
Address:
1268 S Citrus Avenue
Type:
Residential Income
Neighborhood:
c18hancockparkwilshire
City:
Los Angeles
Listed Date:
Mar 27, 2025
State:
CA
ZIP:
90019
Lot Size:
6,001 sqft / 0.14 acres (approx)
Year Built:
1924
Schools
Interior
Appliances
Dishwasher, Refrigerator
Flooring
Laminate
Heating
Wall Furnace
Laundry Features
Washer Included, Dryer Included
Exterior
Parking Features
Assigned
Parking Spots
4.00
Financial
Map
Contact Us
Mortgage Calculator
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1268 S Citrus Avenue
Los Angeles, CA
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