We are pleased to offer for sale a development site at 1304-1306 Citrus Avenue, located adjacent to West Hollywood. A duplex currently sits on the site, which spans a 7,296 square foot parcel, offering a rare opportunity for a developer to acquire land in one of the most supply-constrained pockets… Read More of Los Angeles. The immediate area has seen multiple new developments in recent years, reinforcing the strength of the submarket and ongoing demand for high-quality housing. Situated just north of Santa Monica Boulevard and east of La Brea, the property benefits from its proximity to West Hollywood a submarket that continues to attract top-tier tenants, investors, and capital due to its lifestyle appeal, walkability, and enduring rent growth. Citrus Avenue is a quiet, tree-lined street with a Walk Score of 95, surrounded by boutique retail, fitness studios, and some of LA's most iconic nightlife and dining options. This rare infill development site allows a buyer to maximize building potential, with strong underlying zoning and proximity to some of the highest-performing rental stock in the city.13041306 Citrus Avenue presents a compelling opportunity for investors seeking exposure toa high-barrier-to-entry location with long-term upside. Read Less
Property listed by Marcus & Millichap, Sean Rosenzweig 310-909-5500
Listing Snapshot
Days Online
0
Last Updated
Property Type
Other
Beds
2
Square Ft.
1,644
Lot Size
0.17 Acres
Year Built
1929
MLS Number
25541331
30 Days Snapshot Of 90028
$700k
-21%
(avg) sold price
4
-20%
homes sold
115
+47%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1929, Building area total: 1,644, Levels: One, Living area: 1644, 1 story, 1 building
Income
Gross income: $102,000, Net operating income: $57,375
Lot
0.1675 acres, 7,298 square feet, Size: 7,298
Parking
2 totals parking, None
Property
Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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