Los Angeles, CA 90019,1217 S Orange Grove Ave
Los Angeles, CA 90019,1217 S Orange Grove Ave
Los Angeles, CA 90019,1217 S Orange Grove Ave
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$2,250,000
Est. payment /mo
9 Beds
9 Baths
5,983 SqFt
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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,983 sqft

Price per Sqft $376

MLS Listing ID 25-481593

Bedrooms 9

Year Built 1959

Lot Size 7,115 Sqft

Acres 0.1634

Property Sub-Type Multi-Family

Property Description

PLEASE 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.

Location

State CA

County Los Angeles

Area Beverly Center-Miracle Mile

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Other

Cooling Other

Equipment Other

Exterior

Parking Features Covered Parking

Garage Spaces 10.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard


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TheMLS (CLAW)
Listed by Marcus & Millichap

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Kirshner Elkin Properties

+1(424) 214-0133

hello@kirshnerelkinproperties.com

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