1128 S Citrus Avenue, Los Angeles, California 90019, Los Angeles, 90019 - 3 bed, 2 bath
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Los Angeles, California 90019
This R3-Zoned Development Asset is a strategic acquisition in a prime Mid-City corridor, listed at $1,449,000. While the price sits above the $1,300,421 Fair Market Value for its current residential use, the valuation reflects the rare multi-unit density potential and proximity to Hancock Park. Carrying a Functional Condition Rating, the 1923 structure includes a Permitted Recreation Room but necessitates modernization. Located within the Los Angeles Unified School District, the 6,501 Sq Ft Lot provides significant upside for forced appreciation through redevelopment. This is a premier opportunity for Developers or Fix-and-Flip Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1128 S Citrus Avenue Subject | $1,449,000* List Price | 3 | 2 | 1,654 | $786 | - |
A 4712 Mascot Street Sold | $1,127,500 | 3 | 2 | 1,712 | $659 | 0.9 mi |
B 1854 S Mansfield Avenue Sold | $1,300,000 | 4 | 2 | 1,742 | $746 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Originally built in 1923, the home is functional and features some updates like central HVAC and newer kitchen appliances. However, the kitchen tile and bathrooms are significantly dated (likely >20 years), and the overall aesthetic requires modernization to meet current market standards.
The property sits on a rare R3-zoned lot, offering significant value-add opportunities for investors or developers to build multi-unit housing in a high-demand Los Angeles submarket.
Situated in the heart of Mid-City near Hancock Park and Miracle Mile, the home provides exceptional access to trendy dining, farmers markets, and cultural landmarks like LACMA.
The garage has been professionally converted into a permitted recreation room, providing valuable additional living space and versatility that is rare for homes of this vintage.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1654, other record living area = 1411.
The description's emphasis on 'endless potential' and its 1923 construction suggests the home may require substantial modernization or structural updates to meet contemporary standards.
The property is 'Back on the Market' with a recent price reduction, which can signal previous escrow challenges or difficulty in justifying the list price to current buyers.
Back of the Market! Discover a spacious 3-bedroom, 2-bathroom home in one of LA's most prime locations — perfectly positioned to enjoy everything Los Angeles living has to offer. A true gem with unique character, solid construction, and endless potential. The kitchen features a breakfast nook, and the living room boasts a cozy fireplace. The garage has been converted into a recreation room with permits. Larchmont and Hancock Park are nearby, offering bi-weekly farmers markets, trendy restaurants, and boutique shops. Miracle Mile, LACMA (Los Angeles County Museum of Art), Culver City, Downtown LA, and West Adams are all just minutes away. Located in the heart of Mid-City Los Angeles, this home offers a rare opportunity to create something truly special in a spacious, well-situated property. The property sits on a rare R3 lot.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,654 | 1,712 | 46% |
| Lot Size | 6,501 | 6,304 | 56% |
| Price | $1.45M | $1.33M | 56% |
| Price per sq ft | $876 | $797 | 70% |
| Built year | 1923 | 1926 | 36% |
| HOA | $0 | $0 | 50% |
| Days on market | 43 | 187 | 3% |
Apr 20, 2026
$1,449,000
$1,499,000
-3% Price Drop
Initial Listing
Mar 10, 2026
$1,499,000
Initial Listing
Nov 10, 2008
$730,000
Public Record
Aug 28, 2007
$930,000
Public Record
Aug 20, 2004
$665,000
Public Record