Property listed by Marcus & Millichap, Sean Rosenzweig 310-909-5500
$2,400,000
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… Read More 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. Read Less
Listing Snapshot
Days Online
41
Last Updated
Property Type
Other
Beds
9
Square Ft.
5,983
Lot Size
0.16 Acres
Year Built
1959
MLS Number
25481593
30 Days Snapshot Of 90019
$1,098k
-32%
(avg) sold price
9
-30%
homes sold
169
+59%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1959, Building area total: 5,983, Levels: Two, Living area: 5983, 2 stories, 1 building
Income
Gross income: $178,533, Net operating income: $115,029
Lot
0.1633 acres, 7,115 square feet, Size: 7,115
Parking
10 totals parking, Covered
Property
Zoning: LAR3
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Confirm your time
Fill in your details and we will contact you to confirm a time.
