A Development Opportunity Near West Hollywood | 1304 N Citrus Ave
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A Development Opportunity Near West Hollywood 1304 N Citrus Ave Terrain 0,07 ha À vendre 1 451 010 € Los Angeles, CA 90028
Certaines informations ont été traduites automatiquement.
INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- Includes a 7,296 square foot lot & plans for a four-story 12-unit apartment community with one level of subterranean parking
- Situated just east of La Brea Avenue near Santa Monica Boulevard, offering proximity to West Hollywood’s premier dining, nightlife & retail amenities
- Surrounded by recent and active multifamily developments, highlighting strong demand for new rental housing in this submarket
- The duplex will be delivered vacant eliminating the need for tenant relocation
- Located in a high-walkability pocket with a 95 Walk Score and close access to major east-west and north-south transit corridors
- Plans maximize unit count and buildable area within a constrained infill parcel, supporting strong per-square-foot exit potential
RÉSUMÉ ANALYTIQUE
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.
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.
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INFORMATIONS SUR L’IMMEUBLE
| Prix | 1 451 010 € | Sous-type de bien | Terrain residentiel |
| Type de vente | Investissement | Usage proposé | Lots d’appartement |
| Nb de lots | 1 | Surface totale du lot | 0,07 ha |
| Type de bien | Terrain | Zone de développement économique [USA] |
Oui
|
| Zonage | LAR3-1XL | ||
| Prix | 1 451 010 € |
| Type de vente | Investissement |
| Nb de lots | 1 |
| Type de bien | Terrain |
| Sous-type de bien | Terrain residentiel |
| Usage proposé | Lots d’appartement |
| Surface totale du lot | 0,07 ha |
| Zone de développement économique [USA] |
Oui |
| Zonage | LAR3-1XL |
1 LOT DISPONIBLE
Lot
| Prix | 1 451 010 € | Surface du lot | 0,07 ha |
| Prix par ha | 21 407 007,21 € |
| Prix | 1 451 010 € |
| Prix par ha | 21 407 007,21 € |
| Surface du lot | 0,07 ha |
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Walk Score®
Idéal pour les promeneurs (95)
Bike Score®
Très praticable en vélo (70)
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A Development Opportunity Near West Hollywood | 1304 N Citrus Ave
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