1254 N CITRUS Avenue, Los Angeles, CA 90038

About this property

The opportunity to acquire an iconic building in the heart of Hollywood with views of the Hollywood sign. The offering consists of two 4-unit buildings, side by side, on two separate parcels, 4 units per parcel. A potential investor has the opportunity to secure 30 year fixed residential financing. This property is in one of the most in-demand markets in Los Angeles. Situated on a 0.20 acre lot, with 6,098 SF of rentable square feet, offers investors an upside in rental income by turning over the last unrenovated unit and maximizing rents on all units. Major renovations to the property were completed in 2018 which include a new roof, updated plumbing and electrical, new windows, and seven (7) extensively remodeled units.

Listing description from the August 2019 sale, as reported to CRMLS.

Sale history

$4,000,000

Sold August 2019 · on market July 2019 · MLS #19490590 · Source: CRMLS

Listing Agent: Filip Niculete · Listing Office: Marcus & Millichap · Contact: 818-212-2700 · Bought with: Filip Niculete · Marcus & Millichap

$2,550,000

Sold July 2017 · on market May 2017 · MLS #17257490 · Source: CRMLS

Listing Agent: Saadia Liberow · Listing Office: Marcus & Millichap · Contact: 818-212-2700 · Bought with: Saadia Liberow · Marcus & Millichap

$850,000

Sold December 2016 · listed $930,000, orig. $1,800,000, on market June 2016 · MLS #16133040 · Source: CRMLS

Listing Agent: Yongho Rho · Listing Office: RE/MAX Mega Group · Contact: 323-692-9900 · Bought with: Yongho Rho · RE/MAX Mega Group

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