1304 N Citrus Ave - Residential LAND FOR SALE


Los Angeles, CA 90028- Hollywood7,296 SF
$1,650,000 USD
213-943-1897
1304 N Citrus Ave, Los Angeles, CA for Sale
$1,650,000 USD
Residential LAND - FOR SALE
1/3
7,296 SF

1304 N Citrus Ave
Los Angeles, CA 90028
Hollywood


HIGHLIGHTS

  • Includes a 7,296 square foot lot & plans for a four-story 12-unit apartment community with one level of subterranean parking
  • The duplex will be delivered vacant eliminating the need for tenant relocation
  • Situated just east of La Brea Avenue near Santa Monica Boulevard, offering proximity to West Hollywood’s premier dining, nightlife & retail amenities
  • Located in a high-walkability pocket with a 95 Walk Score and close access to major east-west and north-south transit corridors
  • Surrounded by recent and active multifamily developments, highlighting strong demand for new rental housing in this submarket
  • Plans maximize unit count and buildable area within a constrained infill parcel, supporting strong per-square-foot exit potential

OVERVIEW

The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a development site at 1304–1306 Citrus Avenue, located adjacent to West Hollywood. A duplex currently sits on the site, which spans a 7,296 square foot parcel, offering a rare opportunity for a developer to acquire land in one of the most supply-constrained pockets of Los Angeles. The immediate area has seen multiple new developments in recent years, reinforcing the strength of the submarket and ongoing demand for high-quality housing. Situated just north of Santa Monica Boulevard and east of La Brea, the property benefits from its proximity to West Hollywood — a submarket that continues to attract top-tier tenants, investors, and capital due to its lifestyle appeal, walkability, and enduring rent growth. Citrus Avenue is a quiet, tree-lined street with a Walk Score of 95, surrounded by boutique retail, fitness studios, and some of LA’s most iconic nightlife and dining options. This rare infill development site allows a buyer to maximize building potential, with strong underlying zoning and proximity to some of the highest-performing rental stock in the city. 1304–1306 Citrus Avenue presents a compelling opportunity for investors seeking exposure to a high-barrier-to-entry location with long-term upside.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/ACRE

$9,851,151/AC

PRICE/SF

$226 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

A Development Opportunity Near West Hollywood

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Apartment Units

LAND ACRES

0.17 AC

LAND SF

7,296 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone

ZONING

LAR3-1XL

APN/PARCEL ID

5548-024-029

ASK ABOUT THIS PROPERTY

Sean RosenzweigMarcus & MillichapMore Info
213-943-1897

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Sean RosenzweigMarcus & MillichapMore Info
213-943-1897

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