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$ 1,275,000
Est. payment /mo
Active
811 N Citrus AVE Los Angeles, CA 90038
3 Beds
2 Baths
2,090 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,090 sqft
Price per Sqft $610
MLS Listing ID 26654465
Bedrooms 3
HOA Y/N No
Year Built 1923
Lot Size 6,006 Sqft
Property Description
Step into timeless character and modern convenience with this beautifully maintained 1920s Spanish-style duplex ideally situated in Hollywood's vibrant Media District. Perfect for both owner-users and savvy investors, the property features two spacious light-filled units: one 2-bedroom 1-bathroom (paying $3,285/month) and one 1-bedroom 1-bathroom (paying $2,479/month). Each unit offers a private home-like feel with generous layouts designed for comfort and tranquility.The lush tree-lined backyard serves as a peaceful retreat ideal for morning coffee, gardening, or weekend entertaining. Additional highlights include a charming shared courtyard and garage spaces that offer added convenience and storage for tenants. The seller has recently installed a brand-new roof, providing added peace of mind and reducing future maintenance costs. Zoned R2, the property also presents excellent future upside potential, as up to two ADUs may be constructed on the lot (buyer to verify with the City of Los Angeles), creating an opportunity to significantly increase rental income and long-term value. Live in one unit and rent the other, expand the income footprint with additional units, or enjoy solid passive income by adding this gem to your portfolio.Currently generating $5,764/month in rental income, this property offers dependable cash flow in a prime location. Just steps from local favorites like Pink's Hot Dogs, Providence, Sprouts Farmers Market, Poinsettia Recreation Center, and major media studios, this duplex places you in the center of it all while providing a serene escape from city life. Don't miss this rare opportunity to own a piece of one of L.A.'s most sought-after neighborhoods with both strong in-place income and compelling development potential. Seller intends to perform an IRS Section 1031 tax-deferred exchange and requests buyer's cooperation. Interior inspection subject to an accepted offer, please do not disturb current tenants. Contact listing agent for more information!
Location
State CA
County Los Angeles
Area C20 - Hollywood
Zoning LAR2
Interior
Heating Wall Furnace
Fireplace No
Exterior
Parking Features Driveway
Building
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5524002017
Special Listing Condition Standard
Listed by Daniel Shamooelian Keller Williams Beverly Hills #01984269
NEARBY SCHOOLS & PROPERTIES
Lisa Bethel
Advisor | Accredited Buyer's Representative | Seniors Real Estate Specialist® | License ID: 02046953