811 N Citrus Avenue, Los Angeles, California 90038, Los Angeles, 90038 - 3 bed, 2 bath
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811 N Citrus Avenue
Los Angeles, California 90038
ACTIVE
CONDITION: FAIR
3Beds
2Baths
2,090Sq Ft
6,005Lot Size
Property Price
LIST PRICE$1,249,000
EST. MARKET VALUE
$1,316,612
5% BelowMARKET VALUE
SUMMARY
This classic Spanish duplex represents a Strong Value Opportunity, listed at a List Price of $1,249,000—positioned well below the $1,316,612 Fair Market Value by 5%. This valuation gap provides $67,612 in Instant Equity. With a Condition Rating of 4, the property offers stable rental income while featuring Zoning R2 for future ADU development. This is a prime Buy-and-Hold Asset for Real Estate Investors or 1031 Exchange Buyers seeking long-term appreciation in the high-demand Hollywood Media District.
Estimated Market Value
$1,316,612+$67,612 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 |
|---|---|---|---|---|---|---|
★ 811 N Citrus Avenue Subject | $1,249,000* List Price | 3 | 2 | 2,090 | $630 | - |
A 723 N Orange Drive Sold | $1,425,000 | 3 | 2 | 1,837 | $776 | 0.2 mi |
B 1147 Wilcox Place Sold | $1,480,000 | 3 | 3 | 2,500 | $592 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Originally built in 1923, the property is functional and well-maintained but significantly dated. Kitchens and bathrooms show signs of partial renovations likely performed 20-30 years ago, featuring older cabinetry and vintage appliances. While the roof is brand new, the overall interior aesthetic and older systems require modernization and minor repairs to meet current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- Immediate Rental Income
The property is a turnkey investment generating $69,168 in annual gross income from day one, providing stable cash flow with established tenants in a high-demand rental market.
- Significant Value-Add Potential
Zoned R2 on a generous 6,005 sqft lot, the site offers the rare opportunity to construct up to two ADUs, allowing for increased density and a substantial boost to future rental yield.
- Prime Media District Location
Located in the heart of Hollywood's Media District near major studios and world-class dining, the property benefits from a prestigious address that ensures long-term appreciation and low vacancy rates.
CONSRISKS & DEFICIENCIES
- Tenant-Occupied Constraints
The property is delivered with tenants in place, which restricts immediate owner-occupancy options and may delay comprehensive interior renovations or repositioning strategies.
- Century-Old Infrastructure
Despite a brand-new roof, the 1923 construction suggests that other original systems—such as plumbing, electrical, or foundation—may require significant capital improvements to meet modern standards.
About 811 N Citrus Avenue
Rare opportunity to acquire a classic Spanish duplex in Hollywood's highly sought-after Media District offering immediate rental income and exceptional long-term upside. Property will be delivered with tenants in place, making it an outstanding investment opportunity with $69,168 in annual gross rental income ($5,764/month) from day one. The property features two spacious, light-filled residences consisting of 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. Each unit showcases timeless Spanish architectural charm, generous floor plans, abundant natural light, and a private home-like feel that continues to attract strong tenant demand. Recent capital improvements include a brand-new roof, providing added peace of mind while reducing near-term maintenance costs. Additional amenities include a charming shared courtyard, a lush tree-lined backyard, and garage spaces that offer added convenience for tenants. Beyond its strong in-place income, the property presents excellent future value-add potential. Zoned R2, the site may accommodate up to two ADUs (buyer to verify with the City of Los Angeles), creating an opportunity to significantly increase rental income and long-term asset value. Ideally located just moments from major film and television studios, Pink's Hot Dogs, Providence, Sprouts Farmers Market, Poinsettia Recreation Center, and countless dining and entertainment destinations, this prime Hollywood location continues to experience strong rental demand and long-term appreciation potential. Whether you're completing a 1031 exchange, adding a quality asset to your investment portfolio, or seeking a well-located income property with future upside, 811 N. Citrus Avenue presents a rare opportunity to acquire a well-maintained duplex 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 info!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1923
- Lot Size
- 6,005 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 | 2,090 | 1,664.159 |
| Lot Size | 6,005 | 6,066.556 |
| Price | $1.25M | $1.35M |
| Price per sq ft | $598 | $806 |
| Built year | 1923 | 1939 |
| HOA | $0 | $278 |
| Days on market | 43 | 55 |
Pricing History
Listed for Sale
Jul 28, 2026
$1,249,000
Initial Listing