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1019 S Citrus Ave, Los Angeles, CA 90019

Sale Price: $1,290,000
Oct 23, 20242,524 sqft4 beds0 baths
Listed by: Adam Shamooelian
License #: 02116849
Phone #: 310-658-2668
Keller Williams Beverly Hills
Source:
CRMLS Logo
MLS #: 24455535

Property Description

We are pleased to present the opportunity to acquire this 7,431 SF incredible development opportunity, located in the Miracle Mile/Mid-Wilshire submarket. The site offers a zoning ordinance of LAR2, which allows for the construction of 2 units by right + ADU's. The property has been owner-occupied and will be delivered 100% vacant (homeowners exemption taken over the last 5 years). The property features a premier location, walking distance to numerous amenities, restaurants and employment centers. Additionally, the Central location between Hancock Park, West LA, Miracle Mile, and Culver City makes this an ideal investment for developers looking for top of the market rents.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$12,062

TurboHome Estimated Value

$1,077,058

$427 sqft

High Valuation
$1,130,911
$448/sqft
Normal Valuation
$1,077,058
$427/sqft
Low Valuation
$1,023,205
$405/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$427/sqft$1,077,058

Neighborhood: Mid Wilshire

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Comparative Value

$750K

$1.27M

$1.35M

$1.45M

1701 5th Ave, Los Angeles, CA 90019

Sale Price: $750,000

Selected Comparable

146 N Berendo St, Los Angeles, CA 90004

Sale Price: $1,275,000

Selected Comparable

1019 S Citrus Ave, Los Angeles, CA 90019

Sale Price: $1,290,000

Selected Comparable

1019 S Citrus Ave, Los Angeles, CA 90019

List Price: $1,350,000

Subject Property

584 N Plymouth Blvd, Los Angeles, CA 90004

Sale Price: $1,450,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
1019 S Citrus Ave, Los Angeles, CA 90019

1019 S Citrus Ave, Los Angeles, CA 90019

List: $1,350,000

Listed: 10/23/2024

Area:2,524 sqft
Price/sqft:$535
Beds:4
Baths:
Year Built:
Lot Size:7,431

Comparable Properties

COMPARABLE
Choose comps
1019 S Citrus Ave, Los Angeles, CA 90019

1019 S Citrus Ave, Los Angeles, CA 90019

Sale: $1,290,000

2/20/20250.00 mi

Area:2,524 sqft
Price/sqft:$511
Beds:4
Baths:
Year Built:
Weight:32.8%
1701 5th Ave, Los Angeles, CA 90019

1701 5th Ave, Los Angeles, CA 90019

Sale: $750,000

3/13/20251.50 mi

Area:2,328 sqft
Price/sqft:$322
Beds:4
Baths:1
Year Built:
Weight:24.0%
146 N Berendo St, Los Angeles, CA 90004

146 N Berendo St, Los Angeles, CA 90004

Sale: $1,275,000

5/26/20253.00 mi

Area:2,705 sqft
Price/sqft:$471
Beds:5
Baths:
Year Built:
Weight:22.4%
584 N Plymouth Blvd, Los Angeles, CA 90004

584 N Plymouth Blvd, Los Angeles, CA 90004

Sale: $1,450,000

3/18/20252.11 mi

Area:1,982 sqft
Price/sqft:$732
Beds:4
Baths:1
Year Built:
Weight:20.7%

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