NOT LISTED FOR SALE

1254 N Citrus Ave Los Angeles, CA 90038

Hollywood Neighborhood

Estimated Value: $1,843,000 - $3,605,000

8 Beds
8 Baths
6,098 Sq Ft
$447/Sq Ft Est. Value

Last Sold August 30, 2019

Last sale price $4,000,000 $656 Per Sq Ft

Est. 32% decrease in value since last sale

Current estimated payment $17,235/month

28 Days on Market

About This Home

As of August 2019

The opportunity to acquire an iconic building in the heart of Hollywood with views of the Hollywood sign. The offering consists of two 4-unit buildings, side by side, on two separate parcels, 4 units per parcel. A potential investor has the opportunity to secure 30 year fixed residential financing. This property is in one of the most in-demand markets in Los Angeles. Situated on a 0.20 acre lot, with 6,098 SF of rentable square feet, offers investors an upside in rental income by turning over the last unrenovated unit and maximizing rents on all units. Major renovations to the property were completed in 2018 which include a new roof, updated plumbing and electrical, new windows, and seven (7) extensively remodeled units.

Last Agent to Sell the Property

Filip Niculete

Marcus & Millichap License #01905352 Listed on: 07/18/2019

Last Buyer's Agent

Filip Niculete

Marcus & Millichap License #01905352 Listed on: 07/18/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $30,092

Year Built

  • Built in 1939

Lot Details

  • 8,689 Sq Ft Lot

Parking

  • 8 Parking Spaces

Interior Spaces

  • 6,098 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Community Details

  • 2 Buildings
  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 5532-006-023

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$30,092

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 6098
  • Lot Dimensions: A0.2
  • Stories: 2
  • Year Built: 1939
  • Number Of Photos: 5
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 8.00
  • Den: 0
  • Price Per S Q F T: 655.95

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Total Parking: 8

Lot Info

  • Assessed Improvement Value: 340000
  • Assessed Land Value: 510000
  • Assessor Parcel Number: 5532-006-023
  • Geocode Override: No
  • Lot Size Area: 8689

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
  • Gross Rent Multiplier: 18.34
  • Number Of Units: 8
  • Total Annual Expense: 66997
  • Type Of Units: Standard
  • Vacancy Rate: 3%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2019
Closed on
Aug 22, 2019
Sold by
1260 Citrus Ave Llc
Bought by
National Triangle Properties Llc
Seller's Agent
Filip Niculete
Marcus & Millichap
Buyer's Agent
Filip Niculete
Marcus & Millichap
List Price
$4,000,000
Sold Price
$4,000,000
Current Estimated Value
$2,724,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,276,000
Avg. Annual Appreciation
-11.23%

Purchase Details

Listed on
May 10, 2017
Closed on
Jul 11, 2017
Sold by
1254 Citrus Llc
Bought by
1260 Citrus Ave Llc
Seller's Agent
Sam Liberow
Marcus & Millichap
Buyer's Agent
Sam Liberow
Marcus & Millichap
List Price
$2,550,000
Sold Price
$2,550,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.04%
Original Mortgage
$1,750,000
Interest Rate
3.88%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 7, 2016
Closed on
Dec 6, 2016
Sold by
Yi Myong Chin
Bought by
1254 Citrus Llc and Pico Housing Llc
Seller's Agent
Yongho Rho
Max Mega Group
Buyer's Agent
Yongho Rho
Max Mega Group
List Price
$930,000
Sold Price
$850,000
Premium/Discount to List
-$80,000
-8.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
471.92%
Original Mortgage
$1,379,000
Interest Rate
3.47%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 7, 1995
Sold by
Yi Myong Chin
Bought by
Yi Myong Chin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,250
Interest Rate
6.5%
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
National Triangle Properties Llc $4,000,000 Old Republic Title
1260 Citrus Ave Llc $2,550,000 None Available
1254 Citrus Llc $1,700,000 Stewart Title Of Ca Inc
Yi Myong Chin -- First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 1260 Citrus Ave Llc $1,750,000
Previous Owner 1260 Citrus Ave Llc $1,750,000
Previous Owner 1254 Citrus Llc $1,379,000
Previous Owner Yi Myong Chin $146,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2019 08/30/19 Sold $4,000,000 0.0% $656 / Sq Ft
08/15/2019 08/15/19 Pending -- -- --
07/18/2019 07/18/19 For Sale $4,000,000 +56.9% $656 / Sq Ft
07/27/2017 07/27/17 Sold $2,550,000 0.0% $715 / Sq Ft
05/11/2017 05/11/17 Pending -- -- --
05/10/2017 05/10/17 For Sale $2,550,000 +200.0% $715 / Sq Ft
12/09/2016 12/09/16 Sold $850,000 -8.6% $238 / Sq Ft
11/18/2016 11/18/16 Pending -- -- --
08/10/2016 08/10/16 For Sale $930,000 +9.4% $261 / Sq Ft
08/09/2016 08/09/16 Off Market $850,000 -- --
06/13/2016 06/13/16 Price Changed $930,000 -48.3% $261 / Sq Ft
06/07/2016 06/07/16 For Sale $1,800,000 -- $504 / 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 $30,092 $2,515,381 $1,476,420 $1,038,961
2024 $30,092 $2,466,061 $1,447,471 $1,018,590
2023 $29,509 $2,417,708 $1,419,090 $998,618
2022 $28,134 $2,370,303 $1,391,265 $979,038
2021 $27,788 $2,323,828 $1,363,986 $959,842
2019 $15,147 $1,249,820 $1,020,000 $229,820
2018 $15,046 $1,225,320 $1,000,000 $225,320
2016 $2,822 $208,114 $117,185 $90,929
2015 $2,785 $204,989 $115,425 $89,564
2014 $2,822 $200,974 $113,164 $87,810
Source: Public Records

Agents Affiliated with this Home

  • Filip Niculete

    Seller's Agent in 2019

    Filip Niculete

    Marcus & Millichap

    (818) 357-9525

    1 in this area

    104 Total Sales

    Filip Niculete
    Section Image
  • Sam Liberow

    Seller's Agent in 2017

    Sam Liberow

    Marcus & Millichap

    (718) 406-3128

    7 in this area

    56 Total Sales

    Sam Liberow
    Section Image

  • Y

    Seller's Agent in 2016

    Yongho Rho

    RE/MAX

    (213) 276-2202

    1 in this area

    30 Total Sales

    Yongho Rho
    Section Image
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Map

Source: The MLS

MLS Number: 19-490590

The MLS

APN: 5532-006-022

California Los Angeles County Los Angeles 90028 Hollywood

1254 N Citrus Ave, Los Angeles, CA

This home is located at 1254 N Citrus Ave, Los Angeles, CA 90038 since 18 July 2019 and is currently estimated at $2,724,000, approximately $446 per square foot. This property was built in 1939. 1254 N Citrus Ave is a home located in Los Angeles County with nearby schools including Gardner Street Elementary School, Hubert Howe Bancroft Middle School, and Hollywood Senior High School.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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