1128 S Citrus Avenue, Los Angeles, California 90019, Los Angeles, 90019 - 3 bed, 2 bath
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1128 S Citrus Avenue
Los Angeles, California 90019
ACTIVE UNDER CONTRACT
CONDITION: FAIR
3Beds
2Baths
1,654Sq Ft
6,501Lot Size
Property Price
LIST PRICE$1,275,000
EST. MARKET VALUE
$1,351,945
5% BelowMARKET VALUE
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $1,275,000—positioned well below the $1,351,946 Fair Market Value by 5%. This valuation gap offers $76,946 in Instant Equity for the buyer. Featuring a Condition Rating of 4, the home requires modernization but offers significant upside due to its R3-zoned lot and permitted recreation room. This is a high-potential asset ideal for Buy-and-Hold Investors or Owner-Occupants looking to capitalize on development potential in a prime Mid-Wilshire location.
Estimated Market Value
$1,351,945+$76,945 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1128 S Citrus Avenue Subject 3 bd · 2 ba · 1,654 sqft · $817 | $1,275,000* List Price | 3 | 2 | 1,654 | $817 | - |
A 933 S Mullen Avenue Sold 3 bd · 1 ba · 1,424 sqft · $927 · 0.6 mi | $1,320,000 | 3 | 1 | 1,424 | $927 | 0.6 mi |
B 938 S Plymouth Boulevard Sold 3 bd · 2 ba · 1,480 sqft · $789 · 0.9 mi | $1,167,000 | 3 | 2 | 1,480 | $789 | 0.9 mi |
C 1206 S Burnside Avenue Sold 3 bd · 2 ba · 1,491 sqft · $905 · 0.6 mi | $1,350,000 | 3 | 2 | 1,491 | $905 | 0.6 mi |
D 1116 S Burnside Avenue Sold 3 bd · 2 ba · 1,744 sqft · $831 · 0.6 mi | $1,450,000 | 3 | 2 | 1,744 | $831 | 0.6 mi |
E 1282 Meadowbrook Avenue Sold 2 bd · 2 ba · 1,446 sqft · $979 · 0.5 mi | $1,415,000 | 2 | 2 | 1,446 | $979 | 0.5 mi |
F 1106 S Victoria Avenue Sold 2 bd · 2 ba · 1,419 sqft · $799 · 1.0 mi | $1,134,200 | 2 | 2 | 1,419 | $799 | 1.0 mi |
G 1309 Carmona Avenue Active 3 bd · 2 ba · 1,750 sqft · $828 · 0.9 mi | $1,449,000 List Price | 3 | 2 | 1,750 | $828 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1923, this property shows signs of cosmetic updates like hardwood flooring and paint, but the kitchen and bathrooms remain dated with older tile and cabinetry. The 'AS-IS' sale status and R3 zoning suggest that while functional, the home requires modernization of systems and interiors to reach its full potential.
PROSSTRENGTHS & OPPORTUNITIES
- Development Potential
The property is situated on a rare R3-zoned lot, providing exceptional value for developers or investors looking to capitalize on multi-unit housing opportunities in a high-demand area.
- Prime Central Location
Located in the heart of Mid-Wilshire, the home offers superior access to Hancock Park, Miracle Mile, and major cultural hubs like LACMA, making it highly attractive for urban professionals.
- Permitted Versatile Space
The inclusion of a permitted recreation room via a garage conversion adds significant functional square footage, ideal for a home office, studio, or guest quarters.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1654, other record living area = 1411.
- As-Is Condition
The property is being sold in its present 'as-is' condition, which likely necessitates immediate capital expenditure for repairs or modernization by the new owner.
- Aging Infrastructure
Dating back to 1923, the home may feature original systems and structural elements that require costly updates to meet current building codes and modern efficiency standards.
About 1128 S Citrus Avenue
New Co-Ownership Opportunity: Fantastic opportunity to own a spacious 3-bedroom, 2-bathroom home in the highly desirable Mid-Wilshire neighborhood of Los Angeles! Situated on a rare R3-zoned lot, this charming property offers incredible potential for homeowners, investors, and developers alike. Featuring timeless character and solid construction, the home boasts a spacious living room with a cozy fireplace, a charming kitchen with a breakfast nook, and a garage converted into a permitted recreation room, offering additional versatile space. Whether you envision restoring its original charm, creating your dream home, or exploring future development possibilities, this property presents endless opportunities. Ideally located near Hancock Park, Larchmont Village, and Miracle Mile, with convenient access to popular restaurants, boutique shops, farmers markets, LACMA, Beverly Hills, Culver City, and Downtown LA. Enjoy the convenience of city living in one of Los Angeles' most centrally located neighborhoods. A rare opportunity to own an R3-zoned property in a prime location with exceptional potential! Property is being sold in its present "AS-IS" condition.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1923
- Lot Size
- 6,501 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,654 | 1,670.836 |
| Lot Size | 6,501 | 6,152.156 |
| Price | $1.27M | $1.34M |
| Price per sq ft | $771 | $807 |
| Built year | 1923 | 1941 |
| HOA | $0 | $238 |
| Days on market | 18 | 56 |
Pricing History
Listed for Sale
Oct 22, 2026
$1,275,000
Initial Listing
Sold
Nov 10, 2008
$730,000
Public Record
Sold
Aug 28, 2007
$930,000
Public Record
Sold
Aug 20, 2004
$665,000
Public Record