1336 N Citrus Avenue, Los Angeles, CA 90028

• 7,123 sqft

Property Description

1336 N. Citrus presents the opportunity to acquire an 9-unit property in one of Hollywood's most central residential pockets, located 1 block south of Sunset Blvd and 1 block west of Highland Ave. The property sits approx. 0.5 miles from Hollywood Blvd, while also positioned between West Hollywood and the Melrose District, placing residents within immediate reach of several of the most active entertainment, dining, and retail corridors in Los Angeles. Offered at $2,300,000, the property is priced at $255,556 per unit and $323 per SF, operating at a 5.73% CAP and 11.00 GRM on current rents. Based on renovated rental comparables in the surrounding Hollywood submarket, the property offers approx. 17% rental upside, with projected stabilization at a 7.22% CAP and 9.42 GRM at market rents. The offering is also priced competitively relative to recent neighborhood transactions. On both a price-per-unit and price-per-square-foot basis, the property is positioned below several recent sales in the immediate Hollywood area, providing investors with an entry point that aligns with current market activity while leaving room for upside through interior improvements and continued rent growth. Built in 1962, the building features a practical 2-story layout with exterior breezeways and a central

Listing Status:

Active

Date Added:

March 16, 2026

Data Last Updated:

April 2, 2026 at 12:06AM

Listing Office:

Compass : 310-230-5478

Listing Agent:

Kenny Stevens : 310-968-7005

MLS ID:

CL26665025

Interior

• A/C: Wall/Window Unit(s)
• Heating: Wall Furnace

Exterior

• Parking: TandemOtherUncovered Parking Space

Location

• County: Los Angeles

Lot

• Zoning: LARD5548024023
• View: None