1217 Orange Grove Avenue, Los Angeles, CA 90019
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- MLS#: 25481593 ( )
- Street Address: 1217 Orange Grove Avenue
- Viewed: 1
- Price: $2,400,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1959
- Bldg sqft: 0
- Days On Market: 50
- Additional Information
- County: LOS ANGELES
- City: Los Angeles
- Zipcode: 90019
- Provided by: Marcus & Millichap
- Contact: Sean Sean
- DMCA Notice
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DescriptionPLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS. We are pleased to offer for sale 1217 South Orange Grove Avenue, a seven unit apartment community located in Carthay Square. The subject property is situated just south of Olympic Boulevard and East of Fairfax Avenue within the Miracle Mile submarket a highly desirable pocket of Los Angeles. Situated on a 7,115 square foot parcel, the property consists of one bachelor unit, three one bedroom units and three two bedroom units. Two of the units will be delivered vacant allowing new ownership to immediately renovate and achieve market rental rates. The property has 28% remaining rental upside through unit renovations. The surrounding area, combined with the value add potential for a new owner to renovate the remaining units and achieve enhanced future returns, makes 1217 South Orange Grove Avenue a compelling acquisition opportunity.
Property Location and Similar Properties
Features
Building Area Total
- 5983.00
Country
- US
Levels
- Two
Netoperatingincome
- 115029.00
Parcel Number
- 5086005009
Parking Features
- Covered
Sourcesystemkey
- 25-481593:CLAW
Totalexpenses
- 61638.00
Year Built
- 1959
Year Built Source
- Assessor
Zoning
- LAR3