811 N Citrus Avenue,Los Angeles, CA 90038
Los Angeles, CA 90038
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!
Details
| MLS # | 26865157 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1923 |
| Days On Site | 44 |
| Listing Provided By | Keller Williams Beverly Hills | Daniel Shamooelian |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 2,090 |
| Story(s) | 1 |
| Zoning | LAR2 |
| Acreage | 0.14 |
| Property View | None |
Interior
| Furnished | Unfurnished |
|---|---|
| Fireplace Yes / No | Yes |
Parking
| Parking Features | Driveway |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90038 |
| Area | C20 Hollywood |
| Listing VS Median (in 90038) | |
Price: $1,249,000 low | high Med: $1,960,000 sqft: 2,090 low | high Med: 4,717 $ / sqft: $598 low | high Med: $430 On site: 44 low | high Med: 146 | |
Market Activity 90038
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90038 |
| Area | C20 Hollywood |
| Listing VS Median (in 90038) | |
Price: $1,249,000 low | high Med: $1,960,000 sqft: 2,090 low | high Med: 4,717 $ / sqft: $598 low | high Med: $430 On site: 44 low | high Med: 146 | |
