811 N Citrus Ave, Los Angeles, CA 90038
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811 N Citrus Ave, Los Angeles, CA 90038
811 N Citrus Ave, Los Angeles, CA 90038
811 N Citrus Ave, Los Angeles, CA 90038
811 N Citrus Ave, Los Angeles, CA 90038
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George Salazar

George Salazar

+1(310) 400-6756
$ 1,275,000
Est. payment /mo
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Active

811 N Citrus Ave Los Angeles, CA 90038

3 Beds

2 Baths

2,090 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,090 sqft

Price per Sqft $610

MLS Listing ID 26654465

Bedrooms 3

Year Built 1923

Lot Size 6,005 Sqft

Acres 0.1379

Property Sub-Type Multi-Family

Property Description

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.

Location

State CA

County Los Angeles

Area Hollywood

Zoning LAR2

Rooms

Other Rooms Other

Interior

Heating Wall

Cooling Wall Unit(s)

Equipment Other

Exterior

Parking Features Driveway

Building

Level or Stories One

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Keller Williams Beverly Hills
George Salazar

George Salazar

Agent | License ID: 00884017

+1(310) 400-6756

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811 N Citrus Ave