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.
Listing agent:
Bryan Glenn
License #01441095
Kidder Mathews of California, Inc.
1200 Citrus is a Residential Income property located in Los Angeles, California, featuring a 0.325 acre lot, 10,278 sqft, MLS #25581297.