NOT LISTED FOR SALE

1237 S Citrus Ave Los Angeles, CA 90019

Miracle Mile Neighborhood

Estimated Value: $1,435,000 - $1,763,000

4 Beds
4 Baths
3,940 Sq Ft
$404/Sq Ft Est. Value

Last Sold April 09, 2024

Last sale price $1,625,000 $412 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $9,792/month

49 Days on Market

About This Home

As of April 2024

Explore the rare investment opportunity at 1237 S Citrus Ave in Los Angeles. This property comprises a 3,940 SqFt apartment building on a spacious 6,250 SqFt lot, with immediate value-add potential due to two out of four units being delivered vacant along with two vacant garages, offering the possibility of an ADU conversion for increased cash flow (buyer to verify). Built in 1936, the property boasts an exquisite French Normandie style, featuring four oversized One Bed-One Bath units, each spanning approximately 985 SqFt. All units are equipped with in unit washer/dryer. Recent ownership has invested around $200K in extensive foundation work, including a complete exterior makeover with new stucco and fresh paint. The result is a meticulously maintained and visually stunning building, showcasing historic charm and attention to detail. Nestled in the highly desirable Mid City/Mid-Wilshire submarket, the property benefits from proximity to some of Los Angeles' strongest demographics. Within a one-mile radius, the average household income is approximately $98,519, and the median home value exceeds $1,000,850. The affluent neighborhood attracts professionals from nearby centers such as West Hollywood, the Miracle Mile, Century City, Hollywood, and Culver City. In a market characterized by very low vacancy rates and limited inventory, this property provides investors with peace of mind regarding renting out vacant units. With its strategic location, unique features, and potential for ADU conversion, seize the opportunity to own a piece of history while making a sound and lucrative investment in the thriving Los Angeles real estate market.

Last Agent to Sell the Property

Sam Liberow

Marcus & Millichap License #01933858 Listed on: 01/26/2024

Last Buyer's Agent

Jason Tuvia

Marcus & Millichap License #01772495

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,036

Year Built

  • Built in 1936

Lot Details

  • 6,250 Sq Ft Lot

Parking

  • 4 Parking Spaces

Interior Spaces

  • 3,940 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Community Details

  • 4 Units
  • Vacancy Allowance $3,430

Listing and Financial Details

  • Assessor Parcel Number 5084-027-031

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,036

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 3940
  • Lot Acreage: 0.1435
  • Stories: 2
  • Year Built: 1936
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 431.47

Exterior Features

  • Other Structures: None

Garage/Parking

  • Total Parking: 4

Lot Info

  • Assessed Improvement Percent: 40.00
  • Assessed Improvement Value: 537354
  • Assessed Land Percent: 60
  • Assessed Land Value: 806033
  • Total Assessed Value: 1343387
  • Assessor Parcel Number: 5084-027-031
  • Lot Size Area: 6250

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 14.87
  • Number Of Units: 4
  • Type Of Units: Standard
  • Vacancy Allow: 3430
  • Vacancy Allow Percent: 3.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2024
Closed on
Mar 19, 2024
Sold by
1237 South Citrus Avenue Llc
Bought by
Borokhovich Family Trust and Borokhovich
Seller's Agent
Sam Liberow
Marcus & Millichap
Buyer's Agent
Jason Tuvia
Marcus & Millichap
List Price
$1,845,000
Sold Price
$1,625,000
Premium/Discount to List
-$220,000
-11.92%
Views
14
Current Estimated Value
$1,591,608

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$33,392
Avg. Annual Appreciation
-1.33%
Original Mortgage
$1,300,000
Outstanding Balance
$1,277,843
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$313,765

Purchase Details

Closed on
Jun 8, 2018
Sold by
Long Christopher J
Bought by
1237 South Citrus Avenue Llc

Purchase Details

Listed on
Jun 27, 2012
Closed on
Oct 29, 2012
Sold by
Goldstein David J and Goldstein Living Trust
Bought by
Long Chistopher J and Donovan Long Erin
Seller's Agent
Rich Johns
KW Commercial Studio City
Buyer's Agent
Joan Sather
Sotheby's International Realty
List Price
$1,295,000
Sold Price
$1,150,000
Premium/Discount to List
-$145,000
-11.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.53%

Purchase Details

Closed on
Mar 15, 2006
Sold by
Dowell Shirley and Madeline E Harris Living Trust
Bought by
Goldstein David J and Goldstein Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$740,000
Interest Rate
7.64%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Oct 8, 2004
Sold by
Harris Madeline Emily
Bought by
Harris Madline E and The Madeline E Harris Living Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Borokhovich Family Trust $1,625,000 Old Republic Title Company
1237 South Citrus Avenue Llc -- None Available
Long Chistopher J $1,135,011 Lawyers Title Company
Goldstein David J $925,000 Lawyers Title Company
Harris Madline E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Borokhovich Family Trust $1,300,000
Previous Owner Goldstein David J $740,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/09/2024 04/09/24 Sold $1,625,000 -4.4% $412 / Sq Ft
03/15/2024 03/15/24 Pending -- -- --
03/07/2024 03/07/24 Price Changed $1,699,999 +0.1% $431 / Sq Ft
03/07/2024 03/07/24 Price Changed $1,699,000 -2.6% $431 / Sq Ft
02/09/2024 02/09/24 Price Changed $1,745,000 -5.4% $443 / Sq Ft
01/26/2024 01/26/24 For Sale $1,845,000 0.0% $468 / Sq Ft
03/12/2021 03/12/21 Rented $1,995 0.0% --
03/02/2021 03/02/21 Price Changed $1,995 -5.0% $2 / Sq Ft
02/12/2021 02/12/21 Price Changed $2,100 -6.7% $2 / Sq Ft
02/05/2021 02/05/21 For Rent $2,250 0.0% --
01/06/2020 01/06/20 Rented $2,250 0.0% --
12/23/2019 12/23/19 For Rent $2,250 +18.4% --
02/14/2017 02/14/17 Rented $1,900 0.0% --
02/07/2017 02/07/17 For Rent $1,900 0.0% --
11/02/2012 11/02/12 Sold $1,150,000 -11.2% $292 / Sq Ft View Prior Sale
10/16/2012 10/16/12 Pending -- -- --
06/27/2012 06/27/12 For Sale $1,295,000 -- $329 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $17,036 $1,657,500 $1,162,800 $494,700
2024 $17,036 $1,370,254 $822,153 $548,101
2023 $16,713 $1,343,387 $806,033 $537,354
2022 $15,948 $1,317,047 $790,229 $526,818
2021 $15,739 $1,291,224 $774,735 $516,489
2019 $15,273 $1,252,928 $751,757 $501,171
2018 $15,138 $1,228,362 $737,017 $491,345
2016 $14,460 $1,180,665 $708,399 $472,266
2015 $14,250 $1,162,932 $697,759 $465,173
2014 $14,315 $1,140,152 $684,091 $456,061
Source: Public Records

Agents Affiliated with this Home

  • Sam Liberow

    Seller's Agent in 2024

    Sam Liberow

    Marcus & Millichap

    (718) 406-3128

    5 in this area

    56 Total Sales

    Sam Liberow
    Section Image
  • Jason Tuvia

    Buyer's Agent in 2024

    Jason Tuvia

    Marcus & Millichap

    (818) 212-2700

    3 in this area

    108 Total Sales

    Jason Tuvia
    Section Image

  • J

    Seller's Agent in 2021

    Justin Reese

    JRealty

    (310) 980-1660

    1 Total Sale

    Justin Reese
    Section Image
  • Rich Johns

    Seller's Agent in 2012

    Rich Johns

    KW Commercial Studio City

    (818) 432-1575

    2 in this area

    35 Total Sales

    Rich Johns
    Section Image

  • J

    Seller Co-Listing Agent in 2012

    Joan Sather

    Sotheby's International Realty

    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 24-350311

The MLS

APN: 5084-027-031

California Los Angeles County Los Angeles 90019 Miracle Mile

1237 S Citrus Ave, Los Angeles, CA

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