Presenting - 1129 S. Citrus Avenue

1129 S. CITRUS AVE

PRESENTING

1129 S. CITRUS AVENUE

Fully remodeled 4-unit property, offering an excellent blend of modern upgrades and strong rental appeal. This turnkey asset features two spacious 3-bedroom, 2-bath units, along with two well-designed 2 bedroom , 1-bath units ideal for flexible living or added rental income. Each unit has been thoughtfully updated with stylish finishes, including stainless steel appliances, in-unit washer and dryer, abundant natural sunlight, and open-concept floor plans that create a bright and inviting living space. This property is perfect for an owner-user live in one unit while offsetting your mortgage with rental income from the others. Additionally, there is ADU potential, offering even more opportunity to maximize value and returns.

With

high-quality

renovations,

desirable

layouts, and income-generating potential, this is a rare opportunity for both investors and owner-occupants alike.

DKBRealtyAdvisors.com

10 BEDS

6 BATHS

4,371 SF

6,438 SF Lot

Each unit has been thoughtfully updated with stylish finishes, including stainless steel appliances, in-unit washer and dryer, abundant natural sunlight, and open-concept floor plans that create a bright and inviting living space.

FLOOR PLANS

UNIT 2

Upstairs Front Unit

UNIT 1

Downstairs Front Unit

UNIT 3

Downstairs Back Unit

UNIT 4

Upstairs Back Unit

PROPERTY ANALYSIS UNIT DESCRIPTION + INCOME SCHEDULE Unit #

Unit Mix

Unit 1

3+2

Unit 2

3+2

Unit 3

2+2

Unit 4

2+2

CURRENT RENT - MONTHLY

$4,800.00 $4,800.00 $3,250.00 $3,250.00

Monthly Scheduled Gross Income:

$16,100

Annual Scheduled Gross Income:

$193,200

EXPENSES

EST. MONTHLY

EST. YEARLY

Taxes

$2,494.79

Insurance

$666.67

$25,874.99

Maintenance

$400.00

Utilities

$600.00

Landscaping

$100.00

Total

$4,261.00

$9,500.00 $4,800.00 $7,200.00 $1,200.00 $48,575.00

PROFIT + LOSS

ANNUAL

$2,299,999 Asking Price

4 Units Schedule Gross Vacancy

$193,200 3%

$5,796

10 Beds | 6 Baths

4,371 SF

Expenses

$48,575

Gross Building

Net Operating Income

$138,829

6,438 SF

Loan Payment

$8,616

$103,386

Pre-Tax Cash Flow

$35,443

Principal Reduction

$17,166

Lot Size

$16,100 Monthly Scheduled Gross Income

$574,999 Price Per Unit

$526 Price Per Sq.Ft.

6.0% Cap Rate

11.90 GRM

Beautifully remodeled 4-unit property featuring two spacious 3-bedroom, 2-bath units and two updated 2-bedroom, 1-bath units, all thoughtfully designed with open-concept layouts, stainless steel appliances, in-unit laundry, and abundant natural light throughout. Ideal for both investors and owner-users, this turnkey asset offers strong income potential, the opportunity to live in one unit while offsetting your mortgage, and additional upside with possible ADU potential.

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RESIDENTIAL + COMMERCIAL AGENT | DRE 02046316 310.770.6247 CALL OR TEXT

DANIEL@DKBREALTYADVISORS.COM

DKBREALTYADVISORS.COM

Information deemed reliable but not guaranteed. Buyer and seller are advised to do their own investigations regarding total square footage, permits and other information. If you have a brokerage relationship with another agency this is not intended as a solicitation. Keller Williams Realty. Each office is independently owned and operated. Office DRE 01428775