1015 S Citrus Ave, Miracle Mile
2026 NEW CONST. LUXURY 5-UNIT
The 5+ Unit Specialists are pleased to present 1015 S Citrus Ave, a 2026-built luxury 5-unit in prime Miracle Mile. Offered at $4,250,000 with a projected 5.76% cap rate and $313,800 in gross potential annual income, the property features (2) 4-bed/4-bath and (3) 3-bed/3-bath townhomes totaling 7,415 SF. All units are vacant, with designer finishes, in-unit laundry, central HVAC, separately metered water and electric, and 7 parking spaces. A quiet, tree-lined setting near The Grove and LACMA rounds out this new construction investment.
The Important
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$4,250,000
5-Unit
For Sale
5
2026
5.76%
13.54
$313,800/ Year
7,415 sqft
7,115 sqft
$573.16
$850,000
2x 4b/4b, 3x 3b/3b
No
7 Parking Spaces
No
Other Features:
No Rent Control, Miracle Mile Location
The Highlights
Located 5 minutes from The Grove, LACMA, The Academy Museum, and the La Brea Tar Pits, placing residents in one of Los Angeles’ most vibrant cultural and lifestyle corridors.
Outstanding projected cap rate of 5.76%! Cash cow. + MASSIVE units with premium floorplans.
High yield and rare unit mix of 4-bed and 3-bed units!
NO RENT CONTROL!
All units separately metered for electric AND water (no gas!)! Very low expenses!
The best curb appeal you'll find on a new construction 5-Unit!
Minutes to major employers — Amazon Studios, Apple, HBO — ensuring strong tenant demand and stability plus moments from countless exciting mixed-use developments such as Ivy Station, the Cumulus Development (Whole Foods), the Culver Steps, and Platform!
Quiet residential street with ample parking and a blend of multi-family and single-family homes, providing stable long-term growth and minimal turnover.
Surrounded by major redevelopment and high-end new construction—an established pocket attracting young professionals and creative tenants seeking central access & modern finishes.
The Neighborhood
<15-Minute Walk
Met Him At A Bar, Trejo's Tacos, All Season Brewing Company, PIPS on La Brea, La Brea Bakery / La Brea corridor, La Brea Avenue shopping/design district, Met Her At A Bar, The Mint, Leo’s Tacos Truck
<15-Minute Drive
The Grove, LACMA, République, Oste, Jon & Vinny’s Fairfax, The Original Farmers Market / Fairfax District, Melrose Avenue, Beverly Center, Museum Row, La Brea Tar Pits, Jurassic Magic Coffee, Joan’s on Third
<$15 Uber Ride
Great White, Clark Street Larchmont, Go Get Em Tiger – Larchmont, A.O.C., Marvin, El Coyote, Ggiata Delicatessen, Openaire, Régalade, Osteria Mamma, Max & Helen’s, Here’s Looking At You, Kali
Property Presented By:
