ResidentialIncome — 1200 S Citrus Avenue, Los Angeles, CA
$3,150,000
1200 S Citrus Avenue, Los Angeles, CA
About this property
This is a true value add investment opportunity in the heart of Los Angeles. The property features one and two-bedroom units with a central courtyard and on-site parking. The structures sit on a large corner lot totaling 14,140 square feet. As an investment, there is almost 50% upside in the current rents. An investor can implement a strategic interior and exterior renovation strategy with the goal of increasing rents and taking advantage of the strength of this submarket. In addition, the property features detached carports which may provide potential to create ADUs at the property. The property also features coin operated laundry on-site.
Property details
Location
1200 S Citrus Avenue • Los Angeles, CA 90019
Listed by
Bryan Glenn · Kidder Mathews of California, Inc.