PROPERTY SUMMARY LOS ANGELES, CA 90038 Site Name and Address: - - PDF document

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PROPERTY SUMMARY LOS ANGELES, CA 90038 Site Name and Address: - - PDF document

Feb 20, 2024 14 likes •157 views

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 Assessors Parcel Number: 5532-007-023 Property Type:

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1207 N CITRUS AVE, LOS ANGELES, CA 90038

WWW.1207CITRUS.COM

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1207 N CITRUS AVE LOS ANGELES, CA 90038

PROPERTY SUMMARY

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.

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1207 N CITRUS AVE LOS ANGELES, CA 90038

PROPERTY DESCRIPTION

Centrally located in the heart of the Hollywood Media District, this great investment

  • pportunity (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

  • pen 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

  • ne 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!

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1207 N CITRUS AVE LOS ANGELES, CA 90038

PROPERTY PHOTOS

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1207 N CITRUS AVE LOS ANGELES, CA 90038

RENT ROLL

UNIT BEDS BATHS SF ACTUAL PROJECTED LOCATION 1207 1 1 730 $1546 $2000 South Side 1209* 1 1 730 $0 $2200 North Side 1207 1/2 1 1 680 $1962 $2000 Back Unit 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
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1207 N CITRUS AVE LOS ANGELES, CA 90038

FINANCIALS

OPERATING EXPENSES ACTUAL PROJECTED PROPERTY TAX (1.25% OF THE SALES PRICE) $1040 $1040 PROPERTY INSURANCE $150 $150 LANDSCAPING $80 $80 PEST CONTROL $80 $80 WATER, SEWER AND TRASH $170 $255 MAINTENANCE $100 $100 TOTAL MONTHLY OPERATING EXPENSES $1620 $1705 PROJECTED ANNUAL INCOME $74,400 PROJECTED ANNUAL EXPENSES ($20,460) TOTAL NET ANNUAL OPERATING INCOME $53,940

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1207 N CITRUS AVE LOS ANGELES, CA 90038

NEIGHBORHOOD

accuracy cannot be guaranteed.

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 COFFEE M+ EDICAL DISCLAIMER: The informati o n in this report is from third-party sources and its

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1207 N CITRUS AVE LOS ANGELES, CA 90038

NEIGHBORHOOD

accuracy cannot be guaranteed. DISCLAIMER: The informati o n in this report is from third-party sources and its

THE GREAT OUTDOORS

This home is located near a variety of outdoor activities.

POPULAR

DOG PARK

RUNYON CANYON PARK

1

MILES PARK

GRIFFITH PARK 4

MILES GOLF COURSE

WEDDINGTON GOLF & TENNIS

5.3

MILES HIKING BALDWIN HILLS SCENIC OVERLOOK

5.8

MILES

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1207 N CITRUS AVE LOS ANGELES, CA 90038

PLAT MAP

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SLIDE 10 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- 316742

S

1311 N CherokeeAve 3 3.50 1,913 $1,288,000 3 17- 257338

S

1339 N Formosa Ave 4 2.00 1,444 $1,039,000 4 18- 306464

S

1414 N Las PalmasAve 4 3.00 2,348 $1,250,000 5 18- 334850

S

1326 N Las PalmasAve 3 3.00 2,176 $1,291,000 6 18- 337598

S

838 N OrangeDr 4 2.00 2,392 $1,420,000 7 17- 278866

P

1256 N Formosa Ave 3 3.00 1,211 $1,025,000 8 18- 362154

B

1123 N Vista St 3 3.00 2,151 $1,490,000 9 18- 338818

S

6037 1/2 Romaine St

  • 0/0
  • $1,249,000

10 17- 271900

S

1239 N CitrusAve 3 3.00 1,615 $850,000

Map Of ComparableHomes

1207 N CITRUS AVE LOS ANGELES, CA 90038

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1311 N CherokeeAve

Los Angeles, CA90028

SOLD 5/8/18

Details 1339 N Formosa

Los Angeles, CA90046

SOLD 4/27/18

Ave 1414 N Las PalmasAve

Los Angeles, CA90028

SOLD 9/25/18

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
  • Comparable Properties

1207 N CITRUS AVE LOS ANGELES, CA 90038

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Comparable Properties

1207 N CITRUS AVE LOS ANGELES, CA 90038

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
  • 1123 N Vista St

West Hollywood, CA90046

ACTIVE UNDER CONTRACT

10/17/18

6037 1/2 Romaine St

Los Angeles, CA90038

SOLD 9/21/18

1239 N CitrusAve

Los Angeles, CA90038

SOLD 10/20/17
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Averages

94.3%

Homes sold for an average of 94.3% of their list price. 84Days on market 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

Comparative Market Analysis

Sold PropertyAnalysis

1207 North Citrus Avenue, Los Angeles, California90038

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1207 N CITRUS AVE LOS ANGELES, CA 90038

CONTACT

DAFNA MILSTEIN 310.867.5598 DRE # 01261623 DAFNA555@YAHOO.COM MICHELE SHUMAN 310.962.2319 DRE # 02023936 MSHUMAN@KW.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.

WWW.MSPROPERTYPARTNERS.COM