811 N Citrus Avenue, Los Angeles, CA 90038
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
811 N Citrus Avenue,Los Angeles, CA 90038
$1,249,000
- 3 Beds
- - Baths
- 2,090 sq. ft.
- Multi-family
- Active
Listed by: daniel shamooelian
Office: keller williams beverly hills
MLS#:CL26654465
Source:Bay East, CCAR, bridgeMLS
Price summary
- Price:$1,249,000
- Price per sq. ft.:$597.61
About this home
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 reducing 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....
Contact an agent
Home facts
- Year built:1923
- Listing ID #:CL26654465
- Added:514 day(s) ago
- Updated:September 28, 2026 at 02:27 PM
Rooms and interior
- Bedrooms:3
- Living area:2,090 sq. ft.
Heating and cooling
- Heating:Wall Furnace
Structure and exterior
- Year built:1923
- Building area:2,090 sq. ft.
- Lot area:0.14 Acres
Finances and disclosures
- Price:$1,249,000
- Price per sq. ft.:$597.61
Bay East 2026. CCAR 2026 bridgeMLS 2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at September 28, 2026New listings near 811 N Citrus Avenue
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