1207 N CITRUS AVE, LOS ANGELES, CA 90038 WWW .1207CITRUS. COM
1207 N CITRUS AVE PROPERTY SUMMARY LOS ANGELES, CA 90038 Site Name and Address: 1207 N CITRUS AVE LOS ANGELES, CA 90038 Assessor’s Parcel Number: 5532-007-023 Property Type: Triplex Offering Price: $999,000 Number of Buildings/Stories: 2 Building / 1 Stories Number of Units: 3 Units Approximate Building Area (Gross): 2,024 SF Year Built: 1921 Parking: 2 Uncovered Approximate Lot Size: 4,350 SF Zoning: LARD1.5 Price per Unit: $333,000 Cap Rate: Actual 2.2% /Projected 5.3% Gross Rent Multiplier: Actual 23.7 / Projected 13.4 Unit Mix: 3– 1 Bedroom / 1 Bath Units Highlights: 1 unit fully renovated and delivered vacant.
1207 N CITRUS AVE PROPERTY DESCRIPTION LOS ANGELES, CA 90038 Centrally located in the heart of the Hollywood Media District, this great investment opportunity (Triplex) features three, one bedroom + one bath units. One unit has been recently renovated and will be delivered VACANT at the close of escrow. This unit boasts an open floor plan, updated kitchen, new double paned windows & flooring, freshly painted and ready for immediate move in. Perfect for an investor, short term rentals or owner-user situation, this charming property has tons of upside potential with 2 units side by side and one detached in the back. Located near all the Hollywood studios, gyms, public transportation, entertainment (Hollywood + Highland; Hollywood Bowl) and first class dining (Salt's Cure, Mozza, Trois Mec, Petit Trois). PRICED TO SELL FAST!
1207 N CITRUS AVE PROPERTY PHOTOS LOS ANGELES, CA 90038
1207 N CITRUS AVE RENT ROLL LOS ANGELES, CA 90038 UNIT BEDS BATHS SF ACTUAL PROJECTED LOCATION 1207 1 1 730 $1546 $2000 South Side 1209* 1 1 730 $0 $2200 North Side 1207 1 1 680 $1962 $2000 Back Unit 1/2 TOTAL $3508 $6200 *Unit 1209 has been completely remodeled & will be delivered vacant: New double paned windows • • New LED Lights New Floors • New Kitchen • Newly painted •
1207 N CITRUS AVE FINANCIALS LOS ANGELES, CA 90038 OPERATING EXPENSES ACTUAL PROJECTED PROPERTY TAX (1.25% OF THE $1040 $1040 SALES PRICE) PROPERTY INSURANCE $150 $150 LANDSCAPING $80 $80 PEST CONTROL $80 $80 WATER, SEWER AND TRASH $170 $255 MAINTENANCE $100 $100 TOTAL MONTHLY OPERATING $1620 $1705 EXPENSES PROJECTED ANNUAL INCOME $74,400 PROJECTED ANNUAL EXPENSES ($20,460) TOTAL NET ANNUAL OPERATING $53,940 INCOME
1207 N CITRUS AVE NEIGHBORHOOD LOS ANGELES, CA 90038 VERY CONVENIENT This home is in a very convenient area. Some daily errands in this location require a car and most major services are within 1 mile. e ++ GROCERIES GAS MOVIE THEATER ATM GYM M + EDICAL COFFEE DISCLAIMER: The informati o n in this report is from third-party sources and its accuracy cannot be guaranteed.
1207 N CITRUS AVE NEIGHBORHOOD LOS ANGELES, CA 90038 THE GREAT OUTDOORS This home is located near a variety of outdoor activities. POPULAR 1 DOG PARK RUNYON CANYON PARK MILES 4 PARK GRIFFITH PARK MILES 5.3 GOLF COURSE WEDDINGTON GOLF & TENNIS MILES 5.8 HIKING BALDWIN HILLS SCENIC OVERLOOK MILES DISCLAIMER: The informati o n in this report is from third-party sources and its accuracy cannot be guaranteed.
1207 N CITRUS AVE PLAT MAP LOS ANGELES, CA 90038
1207 N CITRUS AVE Map Of ComparableHomes LOS ANGELES, CA 90038 STATUS: S = SOLD P = PENDING B = ACTIVE UNDER CONTRACT MLS# STATUS ADDRESS BEDS BATHS SQFT PRICE 1 Subject 1207 N CitrusAve 3 3.00 2,024 - 2 18- 1311 N CherokeeAve 3 3.50 1,913 $1,288,000 S 316742 3 17- 1339 N Formosa Ave 4 2.00 1,444 $1,039,000 S 257338 4 18- 1414 N Las PalmasAve 4 3.00 2,348 $1,250,000 S 306464 5 18- 1326 N Las PalmasAve 3 3.00 2,176 $1,291,000 S 334850 6 18- 838 N OrangeDr 4 2.00 2,392 $1,420,000 S 337598 7 17- 1256 N Formosa Ave 3 3.00 1,211 $1,025,000 P 278866 8 18- 1123 N Vista St 3 3.00 2,151 $1,490,000 B 362154 9 18- 6037 1/2 Romaine St - 0/0 - $1,249,000 S 338818 10 17- 1239 N CitrusAve 3 3.00 1,615 $850,000 S 271900
1207 N CITRUS AVE Comparable Properties LOS ANGELES, CA 90038 1311 N CherokeeAve 1339 N Formosa Ave 1414 N Las PalmasAve Los Angeles, CA90028 Los Angeles, CA90046 Los Angeles, CA90028 SOLD 5/8/18 SOLD 4/27/18 SOLD 9/25/18 Details MLS # 18-316742 MLS # 17-257338 MLS # 18-306464 List Price $1,319,000 List Price $1,079,000 List Price $1,250,000 Sold Price $1,288,000 Sold Price $1,039,000 Sold Price $1,250,000 Sold Date 5/8/18 Sold Date 4/27/18 Sold Date 9/25/18 $/Sqft $673 $/Sqft $720 $/Sqft $532 DOM 25 DOM 198 DOM 85 Year Built 1915 Year Built 1922 Year Built 1907 Sqft 1,913 Sqft 1,444 Sqft 2,348 Lot Size 5,167 Lot Size 3,759 Lot Size 7,145 Area Hollywood Area West HollywoodVicinity Area Hollywood Subdivision - Subdivision - Subdivision - Style - Style - Style - Taxes - Taxes - Taxes - Beds 3 Beds 4 Beds 4 Baths 3.5 Baths 2 Baths 3 Garages - Garages - Garages -
1207 N CITRUS AVE Comparable Properties LOS ANGELES, CA 90038 1123 N Vista St 6037 1/2 Romaine St 1239 N CitrusAve West Hollywood, CA90046 Los Angeles, CA90038 Los Angeles, CA90038 10/17/18 SOLD 9/21/18 SOLD 10/20/17 ACTIVE UNDER CONTRACT Details MLS # 18-362154 MLS # 18-338818 MLS # 17-271900 List Price $1,490,000 List Price $1,249,000 List Price $1,099,000 Sold Price - Sold Price $1,249,000 Sold Price $850,000 Sold Date - Sold Date 9/21/18 Sold Date 10/20/17 $/Sqft $693 $/Sqft - $/Sqft $526 DOM 103 DOM 125 DOM 22 Year Built 1924 Year Built - Year Built 1924 Sqft 2,151 Sqft - Sqft 1,615 Lot Size 5,778 Lot Size 6,507 Lot Size 4,350 Area West HollywoodVicinity Area Hollywood Area Hollywood Subdivision - Subdivision - Subdivision - Style - Style - Style - Taxes - Taxes - Taxes - Beds 3 Beds - Beds 3 Baths 3 Baths - Baths 3 Garages - Garages - Garages -
Comparative Market Analysis 1207 North Citrus Avenue, Los Angeles, California90038 Sold PropertyAnalysis Averages Homes sold for an average of 94.3% of their list price. 84 Days on market 94.3% It took an average of 84 days for a home to sell. Analysis ADDRESS LISTPRICE SOLDPRICE %OF LIST PRICE DOM $ PERSQFT 1311 N CherokeeAve $1,319,000 $1,288,000 97.6% 25 $673 1339 N Formosa Ave $1,079,000 $1,039,000 96.3% 198 $720 1414 N Las PalmasAve $1,250,000 $1,250,000 100.0% 85 $532 1326 N Las PalmasAve $1,399,000 $1,291,000 92.3% 47 $593 838 N OrangeDr $1,495,000 $1,420,000 95.0% 91 $594 6037 1/2 Romaine St $1,249,000 $1,249,000 100.0% 125 1239 N CitrusAve $1,099,000 $850,000 77.3% 22 $526 Averages $1,270,000 $1,198,143 94.3% 84 $606
1207 N CITRUS AVE CONTACT LOS ANGELES, CA 90038 DAFNA MILSTEIN 310.867.5598 DRE # 01261623 DAFNA555@YAHOO.COM MICHELE SHUMAN 310.962.2319 DRE # 02023936 MSHUMAN@KW.COM WWW.MSPROPERTYPARTNERS.COM Note: The future income and expense of the property may vary significantly during Buyer’s ownership. Buyer shall rely on Buyer’s own expertise to project the future income and expense of the property. These materials are based on information and content provided by others which we believe are accurate. No guarantee, warranty or representation is made by Keller Williams Beverly Hills or Milstein/Silver/Shuman or its personnel, and all interested parties must independently verify its accuracy and completeness. As well, any projections, assumptions, opinion, or estimates are used for example only and do not represent the current or future performance of the identified property. Your tax, financial, legal and toxic substance advisors should conduct a careful investigation of the property and its suitability for your needs, including land use limitations. The property is subject to prior lease, sales, change in price, or withdrawal from the market without notice.
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