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1336 N Citrus Ave
Los Angeles, CA 90028
9 Units @ 11 GRM & 5.72% CAP & $255K per Unit · Multifamily Property For Sale
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9 Units
Investment Highlights
- 9-unit Hollywood multifamily property located minutes from Hollywood Blvd, West Hollywood, and the Melrose District.
- Approx. 17% rental upside based on renovated Hollywood comparables, with projected stabilization at a 7.22% CAP and 9.42 GRM at market rents.
- 8-unit Hollywood multifamily property located minutes from Hollywood Blvd, West Hollywood, and the Melrose District.
- Offered at $2,300,000, or approximately $287,500 per unit and $323 per SF, operating at a 5.73% CAP and 11.00 GRM on current rents.
- Pricing is positioned below several recent neighborhood sales on both a price-per-unit and price-per-foot basis, providing a competitive entry point.
- Property amenities include controlled access, a laundry room, and front surface parking, and gated rear spaces accessed from the alley.
Property Facts
| No. Units | 9 | Building Size | 7,123 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1962 |
| Building Class | C | Parking Ratio | 1.26/1,000 SF |
| Lot Size | 0.17 AC | ||
| Zoning | R4-2, Los Angeles | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 7,123 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1.26/1,000 SF |
| Zoning | R4-2, Los Angeles |
Amenities
Unit Amenities
- Balcony
- Kitchen
- Oven
- Range
Site Amenities
- Controlled Access
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 2 | $2,396 | - |
| 1+1 | 7 | $1,935 | - |
Property Taxes
| Parcel Number | 5548-024-023 | Improvements Assessment | $420,384 |
| Land Assessment | $542,081 | Total Assessment | $962,465 |
Property Taxes
Parcel Number
5548-024-023
Land Assessment
$542,081
Improvements Assessment
$420,384
Total Assessment
$962,465
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