806 Citrus Avenue , Los Angeles, CA - 90038 is For Sale

  • 24365491
  • 24365491
  • 24365491
  • 24365491
  • 24365491
  • 24365491
  • 24365491
  • 24365491
  • 24365491
  • 24365491
  • 24365491
  • 24365491
  • 24365491
  • 24365491
  • 24365491
  • 24365491
$1,850,000· Income property

Description

Beautifully remodeled 1920's Melrose Tri-plex with amazing walkability to Osteria Mozza, Starbucks, California Chicken Cafe, and so many other shops and restaurants. Tree-lined street just north of Melrose and west of Highland in Hancock Park adjacent surrounded by multi-million dollar homes. This 3-unit building has kept her old Spanish charm of hardwood floors and stucco archways while undergoing extensive renovations including central heat & air, new electrical and plumbing, new kitchens and baths, stainless steel appliances, and washer/dryer units in all 3 apartments. Designed with privacy in mind, each unit has its own garage and private gated and hedged yards. The largest unit, a 2-bedroom/1 bath, will be delivered vacant for an owner-occupied opportunity or can easily be rented for $4,000/month. Unit 2 is a 2-bedroom/1 bath, currently rented for $3,950 and Unit 3 is a large studio with built-in Murphy Bed and separate kitchen currently rented for $2,000/month. Amazing rental history, amazing location, amazing amenities.

Features

MLS#: 24365491
List Price : $1,850,000
Total Units : 3
Gross Operating Income : $119,400
Net Operating Income : $103,100
Sq M : 558 M2
Year Built : 1924
Days on market : 52 Days
Gross taxes : N/A
Address : 806 Citrus Avenue
City : Los Angeles
State : CA
Zip Code : 90038
Neighborhood : N/A
Appliances : Dishwasher, Disposal, Microwave, Refrigerator
Stories : 1
Laundry : Washer Included, Dryer Included
Parking Features : Garage - Three Door, Driveway
Sale Type : Standard
 
Property Type : Residential Income
Property Style : Spanish
Original List Price : $1,850,000
Acres : 0.1378
Lot Size (Acres) : 0.1378
Heating : Central
Water : Public
Sewer : Other
Parking Features : Garage - Three Door, Driveway
Cooling : Central Air
Flooring : Wood
Driving Directions : This tri-plex is located on Citrus Ave. - between Waring Ave. and Willoughby Ave.
 
Courtesy of : Allen Damon Bell , Real Estate eBroker Inc.

Location

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