This is a true value add investment opportunity in the heart of Los Angeles. The property features one and two-bedroom units with a central courtyard and on-site parking. The structures sit on a large corner lot totaling 14,140 square feet. As an investment, there is almost 50% upside in the current rents. An investor can implement a strategic interior and exterior renovation strategy with the goal of increasing rents and taking advantage of the strength of this submarket. In addition, the property features detached carports which may provide potential to create ADUs at the property. The property also features coin operated laundry on-site.
Property Details
Price:
$3,150,000
MLS #:
25581297
Status:
Active
Baths:
0
Address:
1200 S Citrus Avenue
Type:
Residential Income
Neighborhood:
c18hancockparkwilshire
City:
Los Angeles
Listed Date:
Aug 18, 2025
State:
CA
ZIP:
90019
Lot Size:
14,139 sqft / 0.32 acres (approx)
Year Built:
1951
See this Listing
Mortgage Calculator
Schools
Interior
Cooling
Wall/ Window Unit(s)
Heating
Wall Furnace
Exterior
Parking Features
Uncovered, Detached Carport
Parking Spots
12.00
Security Features
Automatic Gate
Financial
Map
Community
- Address1200 S Citrus Avenue Los Angeles CA
- AreaC18 – Hancock Park-Wilshire
- CityLos Angeles
- CountyLos Angeles
- Zip Code90019
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Courtesy of Kidder Mathews of California, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved.1200 S Citrus Avenue
Los Angeles, CA
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