REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Cindy Russo

cindy.russo@engelvoelkers.com +1(908) 797-8066

$ 1,249,000

Est. payment -/mo

Save

Active

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

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Daniel Shamooelian Keller Williams Beverly Hills #01984269

NEARBY SCHOOLS & PROPERTIES

Cindy Russo

Global Real Estate Advisor License ID: 02062752

+1(908) 797-8066

GET MORE INFORMATION