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839 S Orange Grove Ave

Los Angeles, CA 90036
  • $2,125,000
  • STATUS: Active
  • ON SITE: 74 Days
  • MLS #: 22-136333
UPDATED: 44 min ago
$2,125,000
  • 8
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,180
    SQFT
  • $410
    $/SQFT
Type:
Multi-Family
Built:
1928
County:

School Ratings & Info

Description

We are pleased to present this opportunity for an astute investor to purchase a 4 plex in the hot and high demand Miracle Mile corridor. This gorgeous Spanish style building is located just Two blocks from LACMA, the New Purple Line Metro Station, the Grammy and the Peterson museums. This property is centrally located and extremely walkable. This is the first time the property has been available and on-market in over 40 years. The owners have been committed to retaining the structures original details and charm. Each unit is roughly 1,300 square feet , 2 bed 1 bath, with washer/dryers in the units. The bottom apartments boast original wood or beautiful laminate. The building has updated windows, electrical and plumbing. There is a large vacant two car garage in the rear of the property that can be converted to ADU or offered to the tenants for immediate additional income. This property does not fall within the Historic Preservation Overly Zone (HPOZ). Drive by only - please do not disturb tenants. Interior pictures are available upon request .

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-28T21:43:03.17. 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.
www.markwiseproperties.com/homes/126697637
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839 S Orange Grove Ave Los Angeles, CA 90036

  • Price: $2,125,000
  • Status: Active
  • On Site: 74 Days
  • Updated: 44 min ago
  • MLS #: 22-136333
8
Beds
0
Baths
0
½ Baths
0.15
Acres
5,180
SQFT
$410
$/SQFT
1928
Built
Neighborhood:
Beverly Center-Miracle Mile
County:
Los Angeles
Area:
Beverly Center-Miracle Mile
Property Description
We are pleased to present this opportunity for an astute investor to purchase a 4 plex in the hot and high demand Miracle Mile corridor. This gorgeous Spanish style building is located just Two blocks from LACMA, the New Purple Line Metro Station, the Grammy and the Peterson museums. This property is centrally located and extremely walkable. This is the first time the property has been available and on-market in over 40 years. The owners have been committed to retaining the structures original details and charm. Each unit is roughly 1,300 square feet , 2 bed 1 bath, with washer/dryers in the units. The bottom apartments boast original wood or beautiful laminate. The building has updated windows, electrical and plumbing. There is a large vacant two car garage in the rear of the property that can be converted to ADU or offered to the tenants for immediate additional income. This property does not fall within the Historic Preservation Overly Zone (HPOZ). Drive by only - please do not disturb tenants. Interior pictures are available upon request .
Exterior Features

Lot Size Area 6587 Other Structures Other Parking Garage DrivewayCovered Parking Style Spanish Total Parking 0 View Description None View YN No

Interior Features

Baths Total 4.00 Common Walls Attached Cooling Other Equipment None Flooring Hardwood Heating Natural Gas

Property Features

Assessed Total Value 262885 Gross Income 107448 Gross Operating Income 107448 Like Units1 4 Net Operating Income 70211.00 Number Of Buildings 1 Number Of Units 4 Owner Pays GardenerWater Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Tenant Pays ElectricityGas Total Annual Expense 34014 Type Of Units Income Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lar3

Listing provided courtesy of Joshua Luchs DRE#01845545 of Cb Richard Ellis, Inc..


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-28T21:43:03.17. 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.
 
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Mark Wise | Bennion Deville Homes
71691 Highway 111
Rancho Mirage CA, 92270