712 S Citrus Avenue, Los Angeles, California 90036, Los Angeles, 90036 - 2 bed, 2 bath
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712 S Citrus Avenue
Los Angeles, California 90036
ACTIVE UNDER CONTRACT
CONDITION: FAIR
2Beds
2Baths
3,100Sq Ft
7,511Lot Size
Property Price
LIST PRICE$1,499,000
EST. MARKET VALUE
$1,445,095
3% AboveMARKET VALUE
SUMMARY
This Prime Investment Opportunity is a unique Mixed-Use Creative Space listed at $1,995,000, positioned well below the $2,037,852 Fair Market Value by 2%. This valuation gap offers $42,852 in Instant Equity. Featuring a Condition Rating of 4, the property offers a massive studio with 20ft ceilings and rare parking for 10+ vehicles. While the interiors are dated, the layout is ideal for Creative Professionals or Owner-Occupants seeking a versatile live/work asset in Hancock Park.
Estimated Market Value
$1,445,095
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 |
|---|---|---|---|---|---|---|
★ 712 S Citrus Avenue Subject 2 bd · 2 ba · 3,100 sqft · $466 | $1,499,000* List Price | 2 | 2 | 3,100 | $466 | - |
A 5761 W Olympic Boulevard Sold 4 bd · 4 ba · 2,593 sqft · $528 · 0.9 mi | $1,370,000 | 4 | 4 | 2,593 | $528 | 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.
The property is exceptionally clean and well-maintained as a creative live/work space, but the bathroom fixtures, built-in cabinetry, and lattice windows indicate a renovation age of over 20 years. While functional and move-in ready for a specific use-case, the kitchen and baths are dated and would require modernization to meet current residential luxury standards.
PROSSTRENGTHS & OPPORTUNITIES
- Versatile Creative Studio
The property features a massive studio area with 20ft vaulted ceilings and skylights, making it an ideal live/work space for artists, musicians, or boutique commercial use.
- Exceptional Parking Capacity
Extremely rare for the Hancock Park area, the site offers parking for over 10 vehicles, including four front spaces, a long driveway, and a two-car garage.
- Prime Central Location
Situated just south of Wilshire Boulevard in the prestigious Hancock Park-Wilshire area, the property offers excellent accessibility and high-end neighborhood appeal.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3100, other record living area = 1501.
- Niche Residential Appeal
With a layout optimized for gallery and studio use, the property may not suit traditional families looking for a standard multi-bedroom residential configuration.
- Absence of Views
The listing indicates no significant views, which could be a drawback for buyers expecting scenic vistas at a nearly $2 million price point.
About 712 S Citrus Avenue
GREAT NEW PRICE!!!! COOL & STUNNING mixed use, live/work creative space located just south of Wilshire Boulevard was owned by accomplished photographer and artist, Ken Stone. 712 S. Citrus opens into a gallery, to a living/dining area to an eat-in kitchen and guest bedroom/ office and a primary bedroom with bathroom and closets. Down a long hallway leads to an incredible studio area with 20ft vaulted ceilings and skylight. 712 S. Citrus is perfect for an art studio, music studio, dance studio, film, or even a hair salon. This a place where your imagination is the only limit! Last but not least are four parking spaces out front, and a driveway that could fit 5-6 cars, along the side with a two-car garage, with stairs leading to the creative space. Employee parking and/or customer parking is there when you need it! 712 South Citrus Avenue is Hancock Park's Finest!! - Bring us an offer!!!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 0
- Lot Size
- 7,511 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Wilshire Crest Elementary School
Grades K-5 • 0.4 mi
2/10
Third Street Elementary School
Grades K-5 • 0.7 mi
8/10
Queen Anne Place Elementary School
Grades K-5 • 0.8 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 3,100 | 1,670.836 |
| Lot Size | 7,511 | 6,152.156 |
| Price | $1.50M | $1.34M |
| Price per sq ft | $484 | $807 |
| Built year | 0 | 1941 |
| HOA | $0 | $238 |
| Days on market | 77 | 56 |
Pricing History
Listed for Sale
Sep 29, 2026
$1,499,000
$1,795,000
-16% Price Drop
Initial Listing
Price Change
Sep 17, 2026
$1,795,000
$1,995,000
-10% Price Drop
Initial Listing
Price Change
Aug 24, 2026
$1,995,000
Initial Listing