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$ 4,195,000
Est. payment /mo
New
1019 S Citrus AVE Los Angeles, CA 90019
16 Beds
16 Baths
8,179 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 8,179 sqft
Price per Sqft $512
MLS Listing ID 26991445
Bedrooms 16
HOA Y/N No
Year Built 2026
Lot Size 7,431 Sqft
Property Description
Welcome to 1019 S. Citrus Ave, an exceptional brand-new 2026 construction luxury five-unit investment in the heart of Mid-City. Delivering an impressive projected 6.02% cap rate and spanning approximately 8,179 square feet, the property combines striking modern design, oversized residences, strong income potential, and a highly central Los Angeles location. The outstanding unit mix includes spacious four-, three-, and two-bedroom residences generating approximately $321,540 in annual scheduled gross income at the asking price of $4,195,000. At approximately $512 per square foot, the property offers an exceptionally rare basis for brand-new construction of this quality in such a prime and centrally located Los Angeles neighborhood. Thoughtfully designed for today's rental market, the residences feature generous open-concept layouts, oversized bedrooms, expansive kitchens, modern cabinetry, stone countertops, stainless steel appliances, contemporary finishes, abundant natural light, ample closet space, and in-unit laundry. The well-designed floor plans offer the scale and functionality rarely found in traditional multifamily product, allowing the residences to live and feel more like individual homes. Select units offer additional private outdoor space, including a private backyard for the rear residence. The property offers excellent curb appeal highlighted by a newly completed front lawn and landscaping, along with 9 on-site parking spaces. Brand-new building systems, separately metered utilities, and modern low-maintenance construction further enhance the investment profile and help minimize near-term capital expenditures. Centrally located near Mid-Wilshire, Miracle Mile, Beverly Hills, West Hollywood, Culver City, and West Adams, 1019 S. Citrus provides convenient access to many of Los Angeles' major employment, dining, shopping, and entertainment destinations. Its central location, combined with the appeal of brand-new construction, oversized bedrooms, and spacious floor plans, positions the property well for continued rental demand. With brand-new 2026 construction, five luxury residences, a projected 6.02% cap rate, and a difficult-to-replicate price per square foot, 1019 S. Citrus presents a compelling opportunity for investors and 1031 exchange buyers seeking a high-quality, low-maintenance multifamily asset in one of Los Angeles' most centrally located neighborhoods.
Location
State CA
County Los Angeles
Area C18 - Hancock Park-Wilshire
Zoning LAR2
Interior
Heating Central
Fireplace No
Appliance Dishwasher, Microwave, Refrigerator, Dryer, Washer
Exterior
Total Parking Spaces 9
Building
Story 3
Entry Level Three Or More
Level or Stories Three Or More
New Construction No
Others
Senior Community No
Tax ID 5084010004
Special Listing Condition Standard
Listed by Adam Shamooelian Keller Williams Beverly Hills #02116849
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