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1233 N Citrus Ave, Los Angeles, CA 90038
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1233 N Citrus Ave Los Angeles, CA 90038

$2,099,000
  • 5 Beds
  • 5 Baths
  • 2,309 Sq.Ft.
For Sale
$2,099,000 Get Pre-Qualified
Map preview of 1233 N Citrus Ave, Los Angeles, CA 90038

Property Overview: 1233 N Citrus Ave Los Angeles, CA has 5 bedrooms, 5 bathrooms, 2,309 living square feet and 4,350 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Great Owner-User Opportunity! Nestled just off Fountain and Highland and a short distance from the Sunset Strip, Fairfax/La Brea, and the Hollywood Hills, this remarkable property is poised to attract discerning tenants with its chic Eastside ambiance, contemporary features, and superbly central location. Residents will enjoy easy access to Hollywood's prime workspaces, entertainment spots, and dining hotspots. The property features two 2-bedroom, 2-bathroom units and one 1-bedroom, 1-bathroom unit, all showcasing lively Bohemian flair. Each unit boasts thoughtfully crafted layouts, high-end appliances, sleek European-style cabinetry, quartz countertops, resilient Herringbone-patterned luxury vinyl flooring, stylish vanities, striking tile work, and matte-black fixtures in the bathrooms. All units come equipped with central A/C. The fully landscaped property also includes a charming fenced communal backyard with a classic outdoor fireplace. Notable upgrades include brand new windows, doors, roof, plumbing, sewer, and electrical systems. Additionally, each unit is separately metered for gas, water, and electricity, enhancing investment returns for astute buyers. This is a superb opportunity for owner-users seeking rental income to offset their mortgage or investors aiming to maximize depreciation while securing premium market rents. To be delivered vacant.

Listed by Skyler Hynes | BRE #01917448 | Coldwell Banker Realty
Last checked: 12 minutes ago | Last updated: September 19th, 2024 | Source CRMLS | DOM: 8

Home details

Lot Sq. Ft
4,350
HOA Dues
$0/mo
Year built
1929
Garage
2 Car
Property Type:
Multi Family
Status
Active
MLS#
24438407
City
Los Angeles
County
Los Angeles
Time on Site
6 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,950
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,950
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,750
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,750
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,250
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,250
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 17
  • Gross Scheduled Income: --
  • Net Operating Income: $79,400
  • Gross Operating Income: $119,400
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 1233 N Citrus Ave

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Property Details for 1233 N Citrus Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Forced Air
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Kitchen Information
  • Has Appliances
  • Disposal, Refrigerator, Vented Exhaust Fan
Interior Features
  • Recessed Lighting
  • Levels: Two
  • Security Features: Automatic Gate, Carbon Monoxide Detector(s), Gated Community
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Garage - Two Door, Controlled Entrance, Gated, Private
Property Information
  • Total # of Units: 3
  • Parcel Number: 5532007018
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: South of Fountain west of Highland
View more facts & features

Local Los Angeles Agent

Sale History for 1233 N Citrus Ave

View property's historical transactions

  • September, 2024

  • Sep 11, 2024

    Date

    Active

    CRMLS: 24438407

    $2,099,000

    Price

  • July, 2024

  • Jul 29, 2024

    Date

    Active

    CRMLS: 24420981

    $3,950

    Price

  • Listing provided courtesy of CRMLS

    Newly constructed and centrally located, this spacious 2 bed, 2 bath apartment is just minutes away from the Sunset Strip. Located right off Fountain and Highland, you'll be moments from Fairfax/La Brea with trendy dining options and stores just a short walk from your doorstep.The light and airy interiors have just been remodeled and feature brand new premium appliances, central AC, chic herringbone laid floors, and new furnishings. Enter via a bright, open plan living/kitchen/dining space, which leads to two bedrooms, each with its own ensuite bathroom.The unit shares outdoor space with two other unit and provides 1 gated parking space.

  • January, 2024

  • Jan 21, 2024

    Date

    Expired

    CRMLS: 23324041

    $4,500

    Price

  • Oct 21, 2023

    Date

    Active

    CRMLS: 23324041

    $4,500

    Price

  • Listing provided courtesy of CRMLS

    Beautifully brand new 2 bedroom / 2 bath in the heart of Hollywood, just off Fountain and Highland. Ready for immediate move-in! Ground floor unit Apartment highlights include: brand new stainless steel appliances (included), in-unit washer/dryer hookups (no machine included), high end cabinetry in kitchen and bathrooms, large tub/shower combo in both bathrooms, large walk in closets, energy efficient recessed LED lighting throughout, big bedrooms (both en-suite!!), gorgeous quartz counter tops, large shared backyard space with new eco-friendly landscaping, central A/C, premium SPC flooring in herringbone pattern, tons of charm + all modern conveniences, all new double paned windows, all new modern doors. Too many features to list!!! * 1 garage parking spot included in this unit.

  • January, 2024

  • Jan 21, 2024

    Date

    Expired

    CRMLS: 23324055

    $4,500

    Price

  • Oct 21, 2023

    Date

    Active

    CRMLS: 23324055

    $4,500

    Price

  • Listing provided courtesy of CRMLS

    Beautifully brand new 2 bedroom / 2 bath in the heart of Hollywood, just off Fountain and Highland. Ready for immediate move-in! Upstairs unit! No shared walls!!! Apartment highlights include: brand new stainless steel appliances (included), in-unit washer/dryer hookups (no machine included), high end cabinetry in kitchen and bathrooms, large tub/shower combo in both bathrooms, large walk in closets, energy efficient recessed LED lighting throughout, big bedrooms (both en-suite!!), gorgeous quartz counter tops, large shared backyard space with new eco-friendly landscaping, central A/C, premium SPC flooring in herringbone pattern, tons of charm + all modern conveniences, all new double paned windows, all new modern doors. Too many features to list!!! * 1 garage parking spot included in this unit.

  • January, 2024

  • Jan 21, 2024

    Date

    Expired

    CRMLS: 23324034

    $3,000

    Price

  • Oct 21, 2023

    Date

    Active

    CRMLS: 23324034

    $3,000

    Price

  • Listing provided courtesy of CRMLS

    Beautifully brand new 1 bedroom / 1 bath in the heart of Hollywood, just off Fountain and Highland. Ready for immediate move-in! Apartment highlights include brand new stainless steel appliances (included), In-Unit washer/dryer hookups, high end cabinetry in kitchen and bathrooms, large tub/shower combo, gorgeous quartz counter tops, shared backyard space, central A/C, premium SPC flooring in herringbone pattern, tons of charm + all modern conveniences, all new double paned windows, all new modern doors . Too many features to list!!! * No parking included in this unit.

  • January, 2024

  • Jan 16, 2024

    Date

    Expired

    CRMLS: 23306843

    $1,999,000

    Price

  • Sep 1, 2023

    Date

    Active

    CRMLS: 23306843

    $2,295,000

    Price

  • Listing provided courtesy of CRMLS

    1031 EXCHANGE BUYERS! Check out this FULLY RENOVATED Triplex in central Hollywood with a EXCEPTIONAL POTENTIAL CAP RATE OF NEARLY 5.5% with Traditional Leases and higher for miderm leases!!! EXISTING TRACK RECORD of Mid Term Lease at $7750 a month for the 2 BR units!!! Located right off Fountain and Highland and minutes from the Sunset Strip, Fairfax/La Brea, and the Hollywood Hills, this amazing property will attract a range of high-quality tenants with its trendy Eastside vibes, modern amenities, and fantastic, central location walkable to many of Hollywood's top work hubs, entertainment venues, and restaurants. The unit mix consists of two 2-bedroom, 2-bathroom units and one 1 bedroom, 1 bathroom unit. These units exude vibrant Bohemian living, with expertly designed floorplans, premium appliances, European-style modern cabinetry, quartz counters, durable Herringbone-laid luxury vinyl flooring, trendy vanities, eye-popping tile work, and matte-black fixtures in all bathrooms. Each unit has central A/C as well as Washer and Dryer plug-ins. Fully landscaped, the property also offers tenants a quaint fenced communal outdoor space in the backyard and even an old school outdoor fireplace! Other highlights include brand new windows, doors, roof, plumbing, sewer, and electrical systems. Also noteworthy, all of the units at the property are separately meters for gas, water & electric, further ensuring top returns for the discerning buyers portfolio. Truly an exceptional investment opportunity for owner users looking to generate income to offset their mortgage or for an investor who is looking to accelerate depreciation to offset their income all while generating top market rents. Don't hesitate to make a move before it is too late!

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Tax History for 1233 N Citrus Ave

Assessed Value (2020): $94,995
Year Land Value Improved Value Assessed Value
2020 $36,736 $58,259 $94,995

Home Value Compared to the Market

This property vs the competition

1233 N Citrus Ave is listed 74.92% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $909.05 per/sqft which puts the price per square foot 18.37% higher than the median price per square foot for the city of Los Angeles.

About 1233 N Citrus Ave

Detailed summary of property

1233 N Citrus Ave is a multi family located in Los Angeles, CA 90038 and is currently for sale. This multi family property offers 5 bedrooms, 5 bathrooms, roughly 2,309 living square feet, and sits on an approximately 4,350 square foot lot. 1233 N Citrus Ave was first listed on ArdentRealEstateGroup.com on September 12, 2024. The homeowner is currently asking $2,099,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 74.92% higher than the median priced home. Local competing homes currently for sale include 1918 Pinehurst Rd, 7401 Fountain Ave and 7417 Fountain Ave. While the average home in Los Angeles, CA is selling in 106 days, 1233 N Citrus Ave has a days on market of 8 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 1233 N Citrus Ave Los Angeles, CA 90038 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1233 N Citrus Ave

Public county record property details
Beds
3
Baths
3
Year built
1929
Sq. Ft.
2,309
Lot Size
4,350
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
30
APN
5532-007-018

The source for these homes facts are from public records.

90038 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,299,000
Median List Price/Sq.Ft.
$666
Median Sold Price
$1,089,000
Median Sold Price/Sq.Ft.
$642
Total Inventory
47
Median Sale to List Price %
90.83%
Avg Days on Market
48
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (25%), Other (0%)

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Recently Sold Homes Near 1233 N Citrus Ave

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$2,675,000 Last Sold Price
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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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