REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,249,000
Est. payment | /mo
3 Beds
2 Baths
2,090 SqFt
$ 1,249,000
Est. payment | /mo
3 Beds
2 Baths
2,090 SqFt
Open House
Sun Aug 02, 1:00pm - 3:00pm
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,090 sqft
Price per Sqft $597
MLS Listing ID 26654465
Bedrooms 3
HOA Y/N No
Year Built 1923
Lot Size 6,006 Sqft
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 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 Locations
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "