Multiple Listing Service Los Angeles Real Estate

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1237 S Citrus Ave, Los Angeles, CA. 90019

Listing Price: $1,699,999 Sold Price: $1,625,000
Beds: 4 | Baths: 4

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Details

MLS#: 24-350311

APN#: 5084-027-031

Status: Sold

Lot Size: 6250

Sq Ft: 3940

Beds: 4

Baths: 4

Style: N/A

Year Built: 1936

Subdivision:

Roof: N/A

Spa: N/A

Tennis: N/A

Laundry: N/A

Heat: None

Air: None

Property Type: Income

Sale Type: Standard

Land Type: N/A

Lease Amount: N/A

Lease Exp: N/A

HOD: N/A

Area: Hancock Park-Wilshire

City: Los Angeles

Zip code: 90019

Map: N/A

View: N/A

Waterfront: N/A

Sewer: N/A

Parking # 4

Security: N/A

Amenities: N/A

Pool:

Floor: N/A

Rooms: N/A

Fireplace: N/A

Parking: None
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Remarks Community Report

Explore the rare investment opportunity at 1237 S Citrus Ave in Los Angeles. This property comprises a 3,940 SqFt apartment building on a spacious 6,250 SqFt lot, with immediate value-add potential due to two out of four units being delivered vacant along with two vacant garages, offering the possibility of an ADU conversion for increased cash flow (buyer to verify). Built in 1936, the property boasts an exquisite French Normandie style, featuring four oversized One Bed-One Bath units, each spanning approximately 985 SqFt. All units are equipped with in unit washer/dryer. Recent ownership has invested around $200K in extensive foundation work, including a complete exterior makeover with new stucco and fresh paint. The result is a meticulously maintained and visually stunning building, showcasing historic charm and attention to detail. Nestled in the highly desirable Mid City/Mid-Wilshire submarket, the property benefits from proximity to some of Los Angeles' strongest demographics. Within a one-mile radius, the average household income is approximately $98,519, and the median home value exceeds $1,000,850. The affluent neighborhood attracts professionals from nearby centers such as West Hollywood, the Miracle Mile, Century City, Hollywood, and Culver City. In a market characterized by very low vacancy rates and limited inventory, this property provides investors with peace of mind regarding renting out vacant units. With its strategic location, unique features, and potential for ADU conversion, seize the opportunity to own a piece of history while making a sound and lucrative investment in the thriving Los Angeles real estate market.

Seller's Agents

- Name: Liberow, Saadia 'Sam' | Email
- Phone: 818-212-2795
- Cell: 718-406-3128
- CalDRE #: 01933858
- Office: Marcus & Millichap
- Office Phone: 818-212-2700
- Name: N/A, N/A
- Phone: N/A
- Cell: N/A
- CalDRE #: N/A
- Office Name: N/A
- Office Phone: N/A

Buyer's Agents

- Name: Tuvia, Jason | Email
- Phone: 818-212-2735
- Cell: 818-448-4415
- Lic #: 01772495
- YouTube
- Office: Marcus & Millichap
- Office Phone: 818-212-2700
- Name: N/A, N/A
- Phone: N/A
- Cell: N/A
- Lic #: N/A
- Office Name: N/A
- Office Phone: N/A

Last Updated: 4/9/2024 1:50:52 PM

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