NOT LISTED FOR SALE

1260 S Citrus Ave Los Angeles, CA 90019

Miracle Mile Neighborhood

Estimated Value: $1,373,000 - $1,703,054

3 Beds
3 Baths
2,202 Sq Ft
$685/Sq Ft Est. Value

Last Sold August 17, 2021

Last sale price $1,350,000 $613 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $9,348/month

73 Days on Market

Highlights

  • City View
  • Wood Flooring
  • Lanai
  • Fireplace in Primary Bedroom
  • Spanish Architecture
  • Lawn

About This Home

As of August 2021

Sun-drenched, charming Spanish duplex with original architectural features and beautiful landscaping nestled in the heart of Mid Wilshire. This beauty features gorgeous hardwood floors, and spacious living areas with stylish lighting fixtures. Enjoy reading on your private patios or entertain in your backyard oasis. Incredible investment opportunity for anyone looking to owner occupy or make some extra cash. Live in one and rent out the other! Or use as a rental property and collect cash flow from both. New roof, sewer line, and driveway updated in 2019. Detached two-car garage. Lot is zoned R3 with possibility for future development. Centrally located, walking distance to Sprouts, Starbucks, Target, Michaels, Lowes and all that Mid Wilshire has to offer. Hurry! This stunner won't last long.

Last Agent to Sell the Property

Brett Alphin

Compass License #01998404 Listed on: 04/05/2021

Compass

Last Buyer's Agent

Ann Hwang

Exclusive Realty Inc License #01017303

Exclusive Realty Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,422

Year Built

  • Built in 1926 | Remodeled

Lot Details

  • 6,000 Sq Ft Lot
  • West Facing Home
  • Fenced Yard
  • Gated Home
  • Rectangular Lot
  • Lawn

Parking

  • 6 Open Parking Spaces
  • 2 Car Garage
  • Driveway

Home Design

  • Spanish Architecture
  • Spanish Tile Roof
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 2,202 Sq Ft Home
  • 1-Story Property
  • Electric Fireplace
  • Gas Fireplace
  • Garden Windows
  • French Doors
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • Den with Fireplace
  • Home Gym
  • City Views

Kitchen

  • Gas Oven
  • Microwave
  • Freezer
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • 3 Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Covered Patio or Porch
  • Lanai

Utilities

  • Central Heating and Cooling System
  • Property is located within a water district
  • Multi-Tank Hot Water Heater
  • Phone System
  • Cable TV Available

Community Details

  • 2 Units
  • Rent Control

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • The owner pays for gardener, water
  • Assessor Parcel Number 5084-026-015

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,422

Year Built

Built in 1926 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Style: Spanish
  • Street Number Display: Yes
  • Living Area: 2202
  • Lot Acreage: 0.1377
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Stories: 1
  • Year Built: 1926
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Dishwasher: 2
  • Number Disposal: 2
  • Fireplace Rooms: Dining, Electric, Living Room, Master Bedroom, Gas, Family Room, Den
  • Flooring: Hardwood, Tile
  • Appliances: Gas, Oven-Gas, Microwave
  • Bedrooms: 3
  • Bedroom Features: All Bedrooms Down, Ground Floor Master, WalkInCloset
  • Common Walls: Attached
  • Bathroom Features: Shower and Tub, Tile
  • Kitchen Features: Remodeled
  • Laundry: In Unit
  • Laundry Equipment: Own
  • Total Bathrooms: 3.00
  • Equipment: Cable, Dryer, Dishwasher, Microwave, Gas Dryer Hookup, Washer, Range/Oven, Refrigerator, Phone System, Hood Fan, Freezer
  • Price Per S Q F T: 658.49
  • Windows: Garden Window

Exterior Features

  • Direction Faces: West
  • Construction: Stucco
  • Other Features: Full Copper Plumbing, French Doors
  • Other Structures: None
  • Number Patio: 2
  • Patio: Covered Porch, Porch - Front, Lanai
  • Roof: Spanish Tile
  • View: City
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 6
  • Covered Parking: 2
  • Garage Structures: 1
  • Parking Garage: Garage - 2 Car, Driveway
  • Total Parking: 8

Utilities

  • Water Heater: Multi-Tank
  • Cooling: Central
  • Heating: Central
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Security: Gated
  • Water: District
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 20.00
  • Assessed Improvement Value: 187432
  • Assessed Land Percent: 80
  • Assessed Land Value: 749731
  • Total Assessed Value: 937163
  • Assessor Parcel Number: 5084-026-015
  • Lot Description: Fenced Yard, Front Yard, Yard, Sidewalks, Lawn, Lot Shape-Rectangular
  • Lot Size Area: 6000

Rental Info

  • Number Leased: 2
  • Owner Pays: Gardener, Water
  • Rent Control: Yes
  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 23.00
  • Number Of Units: 2
  • Rent Control: 100
  • Type Of Units: Apartments

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 11, 2012
Sold by
Stephenson Tara
Bought by
Stephenson Tara S and The Tara S Stephenson Trust
Current Estimated Value
$1,508,514

Purchase Details

Closed on
Apr 27, 2006
Sold by
Gaye Regina L
Bought by
Stephenson Tara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Outstanding Balance
$362,216
Interest Rate
7.25%
Mortgage Type
Fannie Mae Freddie Mac
Estimated Equity
$1,146,298

Purchase Details

Closed on
Dec 20, 2002
Sold by
Gaye Regina L and Gaye Cheikh
Bought by
Gaye Regina L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,000
Interest Rate
5.96%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Stephenson Tara S -- None Available
Stephenson Tara -- Southland Title Company
Gaye Regina L -- Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stephenson Tara $600,000
Previous Owner Gaye Regina L $159,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/17/2021 08/17/21 Sold $1,350,000 -6.9% $613 / Sq Ft
06/17/2021 06/17/21 Pending -- -- --
04/26/2021 04/26/21 Price Changed $1,450,000 -6.4% $658 / Sq Ft
04/05/2021 04/05/21 For Sale $1,549,000 -- $703 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $17,422 $1,432,630 $1,220,389 $212,241
2024 $17,267 $1,404,540 $1,196,460 $208,080
2023 $16,936 $1,377,000 $1,173,000 $204,000
2022 $16,153 $1,350,000 $1,150,000 $200,000
2021 $11,527 $946,871 $757,498 $189,373
2020 $11,643 $937,163 $749,731 $187,432
2019 $11,185 $918,788 $735,031 $183,757
2018 $11,044 $900,773 $720,619 $180,154
2016 $10,557 $865,797 $692,638 $173,159
2015 $10,403 $852,792 $682,234 $170,558
2014 $8,884 $715,000 $572,000 $143,000
Source: Public Records

Agents Affiliated with this Home

  • Brett Alphin

    Seller's Agent in 2021

    Brett Alphin

    Compass

    (646) 232-5432

    1 in this area

    10 Total Sales

    Brett Alphin
    Section Image
  • Ann Hwang

    Buyer's Agent in 2021

    Ann Hwang

    Exclusive Realty Inc

    (310) 717-8680

    2 in this area

    6 Total Sales

    Ann Hwang
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 21-714514

The MLS

APN: 5084-026-015

California Los Angeles County Los Angeles 90019 Miracle Mile

1260 S Citrus Ave, Los Angeles, CA

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