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$ 1,249,000
Est. payment /mo
New
811 N Citrus AVE Los Angeles, CA 90038
3 Beds
2 Baths
2,090 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,090 sqft
Price per Sqft $597
MLS Listing ID 26865157
Bedrooms 3
Full Baths 2
HOA Y/N No
Year Built 1923
Lot Size 6,006 Sqft
Property Sub-Type Single Family Residence
Property Description
Rare opportunity to acquire a classic Spanish duplex in Hollywood's highly sought-after Media District offering immediate rental income and exceptional long-term upside. Property will be delivered with tenants in place, making it an outstanding investment opportunity with $69,168 in annual gross rental income ($5,764/month) from day one. The property features two spacious, light-filled residences consisting of a 2-bedroom, 1-bathroom unit currently rented for $3,285/month and a 1-bedroom, 1-bathroom unit currently rented for $2,479/month. Each unit showcases timeless Spanish architectural charm, generous floor plans, abundant natural light, and a private home-like feel that continues to attract strong tenant demand. Recent capital improvements include a brand-new roof, providing added peace of mind while reducing near-term maintenance costs. Additional amenities include a charming shared courtyard, a lush tree-lined backyard, and garage spaces that offer added convenience for tenants. Beyond its strong in-place income, the property presents excellent future value-add potential. Zoned R2, the site may accommodate up to two ADUs (buyer to verify with the City of Los Angeles), creating an opportunity to significantly increase rental income and long-term asset value. Ideally located just moments from major film and television studios, Pink's Hot Dogs, Providence, Sprouts Farmers Market, Poinsettia Recreation Center, and countless dining and entertainment destinations, this prime Hollywood location continues to experience strong rental demand and long-term appreciation potential. Whether you're completing a 1031 exchange, adding a quality asset to your investment portfolio, or seeking a well-located income property with future upside, 811 N. Citrus Avenue presents a rare opportunity to acquire a well-maintained duplex in one of Los Angeles' most desirable rental markets. Seller intends to perform an IRS Section 1031 tax-deferred exchange and requests buyer's cooperation. Property will be delivered with tenants in place. Please do not disturb current tenants. Contact listing agent for additional info!
Location
State CA
County Los Angeles
Area C20 - Hollywood
Zoning LAR2
Rooms
Other Rooms Shed(s)
Interior
Flooring Carpet, Wood
Fireplaces Type Living Room
Furnishings Unfurnished
Fireplace Yes
Exterior
Parking Features Driveway
Pool None
View Y/N No
View None
Private Pool No
Building
Entry Level One
Architectural Style Spanish
Level or Stories One
Additional Building Shed(s)
New Construction No
Others
Senior Community No
Tax ID 5524002017
Special Listing Condition Standard
Listed by Daniel Shamooelian Keller Williams Beverly Hills #01984269
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