1019 S Citrus Ave - Multi-Family FOR SALE


Los Angeles, CA 90019- Miracle Mile | 
$4,195,000 USD
310-658-2668
1019 S Citrus Ave, Los Angeles, CA for Sale
$4,195,000 USD
Multi-Family - FOR SALE
1/38
null | 6.02% Cap Rate

1019 S Citrus Ave
Los Angeles, CA 90019
Miracle Mile


HIGHLIGHTS

  • Brand-New 2026 Luxury Construction
  • Projected 6.02% Cap Rate
  • 8,179 SF | Five Spacious Residences
  • $321,540 Scheduled Annual Gross Income
  • 9 On-Site Parking Spaces
  • Prime Mid-City Location | $512/SF Basis

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,195,000 USD

PRICE/SF

$513 USD /SF

# OF UNITS

5

PRICE/UNIT

$839,000

CAP RATE

6.02%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Luxury Brand New Construction Investment

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2026

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,431 SF

ZONING

LAR2

APN/PARCEL ID

5084-010-004

ASK ABOUT THIS PROPERTY

Adam ShamooelianKW Commercial Beverly HillsMore Info
310-658-2668

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Adam ShamooelianKW Commercial Beverly HillsMore Info
310-658-2668

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.