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1237 S Citrus Avenue
USD 1,699,999
Property ID: 24350311
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1237 S Citrus Avenue ,90019
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icon 6250 SqFt
icon Built in 1936
icon USD 272/SqFt
icon 4 Beds
icon 4 Full
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Location Street View
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Interior Details
Bedrooms
4
Bathrooms
4
Interior Size
3940
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1936
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Detailed Introduction Of This Home
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.
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Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
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Contact Development/Agent
icon
Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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Photos (22)
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1237 S Citrus Avenue
USD 1,699,999 4 Beds
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