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1237 S Citrus Ave, Los Angeles, CA 90019
$1,625,000
1237 S Citrus Ave, Los Angeles, CA 90019View this property at 1237 S Citrus Ave, Los Angeles, CA 90019
1237 S Citrus AveLos AngelesCA90019
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Property Description
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.
Full Property Details
Full Property Details for 1237 S Citrus Ave
General
- Sold For: $1,625,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 24-350311
- Added to Site: 115 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 4
Bedrooms
- Total Bedrooms: 4
Additional Information
- Other Features: None
Parking
- Garage Description: None
Location
- Area: Hancock Park-Wilshire
- County: Los Angeles
- Driving Directions: Near cross streets S Citrus Ave and Dockweiler St.
Heating & Cooling
- Cooling Type: None
- Heating Type: None
Structural Information
- # Buildings: 1
- Stories/Levels: 2
- Square Feet: 3,940
- Sq. Ft. Source: Vendor Enhanced
- Year Built: 1936
- Year Built Source: Vendor Enhanced
Unit Information
- Units in Complex: 4
- Unit Type: 2106, 2107, 2108, 2109
Unit 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Total Bathrooms: 1
- Bedrooms: 1
Unit 4
- Total Bathrooms: 1
- Bedrooms: 1
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.1435
- Lot Size: 6250
- Lot Size Source: Assessor
- Zoning: LAR3
Financial Considerations
- Price Per Sq. Ft.: $431.47
- Assessment Year: 1936
Disclosures and Reports
- Disclosures/Reports: None
- APN: 5084-027-031
Listed by Marcus & Millichap, Saadia 'Sam' Liberow
Sold by Marcus & Millichap, Jason Tuvia
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Schools
Schools serving 1237 S Citrus Ave
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
5241 W Olympic Blvd, Los Angeles, CA 90036 | K-5 | 0.4 mi | |
600 S McCadden Pl, Los Angeles, CA 90005 | 6-8 | 0.9 mi | |
4650 W Olympic Blvd, Los Angeles, CA 90019 | 9-12 | 0.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1237 S Citrus Ave
Date
Details
Price
Change
Source
4/09/2024
Sold
$1,625,000
-4.41%
MLS
3/07/2024
Price Reduced
$1,699,999
-2.58%
MLS
2/09/2024
Price Reduced
$1,745,000
-5.42%
MLS
1/26/2024
Listed
$1,845,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1237 S Citrus Ave, Los Angeles, CA 90019 (MLS# 24-350311) is a Multi-Family property that was sold at $1,625,000 on April 09, 2024. Want to learn more about 1237 S Citrus Ave? Do you have questions about finding other Multi-Family real estate for sale in Hancock Park? You can browse all Hancock Park real estate or contact a Coldwell Banker agent to request more information.