Active

811 N Citrus Avenue

Los Angeles, CA 90038
Mark as Favorite
Bed 3

Bed

Bath 2

Bath

SqFt2,090

Sqft

SqFt6,005

Sqft(Lot)

Exceptional investment opportunity in the heart of Hollywood's highly sought-after Media District. This well-maintained Spanish-style duplex offers immediate, stable cash flow with **$69,168 in annual gross rental income ($5,764/month)** and will be delivered with tenants in place, making it an ideal acquisition for investors seeking dependable income from day one.The property consists of two spacious units: 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**. Both residences feature generous floor plans, abundant natural light, and classic Spanish architectural charm that continues to attract long-term tenant demand.Recent capital improvements include a **brand-new roof**, providing added value while red ucing near-term maintenance costs. Additional amenities include a charming shared courtyard, a lush tree-lined backyard, and garage spaces that provide added convenience for tenants.Beyond its strong in-place income, the property offers compelling long-term upside. Zoned **R2**, the site may accommodate up to **two ADUs** (buyer to verify with the City of Los Angeles), presenting an opportunity to significantly increase future rental income and overall asset value.Ideally located just moments from major film and television studios, Pink's Hot Dogs, Providence, Sprouts Farmers Market, Poinsettia Recreation Center, and numerous dining and entertainment destinations, the property benefits from a highly desirable rental location with strong tenant demand.Whether you're completing a 1031 exchange, expanding your multifamily portfolio, or seeking a quality long-term investment with both stable cash flow and future value-add potential, 811 N. Citrus Avenue presents a rare opportunity to acquire a well-positioned asset 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 information.

Read More Expand

Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,249,000

AD Id : 85048594

MLS Id : 26654465

Beds : 3

Lot Size : 6,005 Sqft

Living Area Size : 2,090

Year Built : 1923

County : Los Angeles

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Bedroom Information

    Total beds: 3

    Bathroom Information

    Total Baths: 2
  • Heating & Cooling

    Has Heating: Yes Heating: WallFurnace

  • Building Information

    Year Built: 1923
    Building Area Total: 2090
    Stories: 1
    Private Pool: No

  • Lot Information

    Main Square Feet: 6005 Lot Size Acres: 0.1379 Lot Size Square Feet: 6,005

  • Listing Price Information

    Listing Price: $1249000
    Original Price: $1275000

  • Tax Information

    Parcel Number: 5524002017

  • Location Information

    Direction: North of Melrose Ave, South of Santa Monica Blvd, East of La Brea Ave, West of Highland Ave
Sell a home like this and save $74,441 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
5516 Virginia Avenue, Los Angeles, CA, 90038 $3,350,000 21 -- 11,550 11,550 SqFt
5540 Lexington Avenue, Los Angeles, CA, 90038 $2,225,000 8 -- 5,334 5,334 SqFt
1162 N St Andrews Place, Los Angeles, CA, 90038 $1,425,000 4 -- 3,024 3,024 SqFt
5633 La Mirada Avenue, Los Angeles, CA, 90038 $1,499,000 9 6 3,884 3,884 SqFt
5436 Romaine Street, Los Angeles, CA, 90038 $3,699,999 21 21 9,437 9,437 SqFt
5640 Santa Monica Boule.., Los Angeles, CA, 90038 $24,000,000 -- -- 57,664 57,664 SqFt
5732 Lexington Avenue, Los Angeles, CA, 90038 $1,849,000 8 8 6,652 6,652 SqFt
1059 N Wilton Place, Los Angeles, CA, 90038 $939,000 3 2 1,272 1,272 SqFt
1032 N Ridgewood Place, Los Angeles, CA, 90038 $1,100,000 4 -- 1,744 1,744 SqFt
5802 Lexington Avenue, Los Angeles, CA, 90038 $1,199,000 3 2 1,340 1,340 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 08/04/2026 @ 05:17

MLS: 26654465 LISTED BY: Daniel Shamooelian, Keller Williams Beverly Hills 310-432-6400 SOURCE: CRMLS

Homes around $1,249,000

Selling? Save $74,441 when you sell a home like this

Tour with a ByOwner Agent