$ 1,275,000
-
$1,275,000
Price -
3
Bed -
2
Bath -
2,090
SqFt
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About the Listing X74054 - C126012
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 and one 1-bedroom 1-bathroom. 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. 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 $5,740/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. Please do not disturb current tenants. Contact listing agent for more information!
Listing Highlights
Status
Active
Days on Site
30
Property Type
Multi-Family
MLS ®
26654465
Year Built
1923
Total Square Footage
2,090
Lot/Acreage
0.14
County
Los Angeles
Interior Details
- Bedrooms: 3
- Bathrooms: 2 Full
- Appliances:
- Air Cond: Wall Unit(s)
- Heating: Wall
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 0
- Zoning: LAR2
- Roof:
- Others:
- Sewer:
- Parking Features: Driveway
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
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Questions About..
811 N Citrus Ave Los Angeles, CA 90038
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