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1237 Citrus Avenue
Los Angeles, CA 90019
Sold
1237 Citrus Avenue
Los Angeles, CA 90019
Sold
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.
PROPERTY INFORMATION
| MLS # | 24350311 | Lot Size | 6,250 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 1,699,999
Price Per SqFt: $ 431 |
DOM | 516 Days |
| Address | 1237 Citrus Avenue | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 3,940 Sq. Ft. |
| Postal Code | 90019 | Garage | N/A |
| County | Los Angeles | Year Built | 1936 |
| Bed / Bath | 4 / 0 | Parking | 4 |
| Built In | 1936 | Status | Closed |
| Sold Date | 2024-04-09 |
INTERIOR FEATURES
| Has Appliances | Yes |
| Has Heating | No |
| Heating Information | None |
| Has Cooling | No |
| Cooling Information | None |
EXTERIOR FEATURES
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,813
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 01/25/2024 | Listed | $1,699,999 |
| 01/25/2024 | Price Change | $1,699,000 (-2.64%) |
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Listing provided courtesy of Saadia 'Sam' Liberow, Marcus & Millichap. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
