1217 S Orange Grove Ave, Los Angeles, CA 90019
1217 S Orange Grove Ave, Los Angeles, CA 90019
1217 S Orange Grove Ave, Los Angeles, CA 90019
18
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$2,200,000
Est. payment /mo
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9 Baths
5,983 SqFt
New

1217 S Orange Grove Ave Los Angeles, CA 90019

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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 $367

MLS Listing ID 26835507

Year Built 1959

Lot Size 7,117 Sqft

Acres 0.1634

Property Sub-Type Multi-Family

Property Description

We are pleased to present 1217 S Orange Grove Avenue, a well-maintained 7-unitmultifamily investment opportunity located in the highly desirable Mid-City submarket of Los Angeles. The property consists of approximately 5,983 square feet of living area situated on a 7,115 square foot LAR3-zoned lot, offering investors a compelling combination of stable in-place income and long-term upside potential. The building also features distinctive architectural elements, highlighted by subtle LED accent lighting that enhances the property's curb appeal and creates a unique visual presence during evening hours. The property is separately metered for gas and electricity, with water master metered, helping streamline operating expenses. Additional income is generated through an on-site shared laundry facility. The asset also offers rear parking, ample street parking, and is situated on a quiet, well-maintained residential street, further contributing to strong tenant appeal and long-term occupancy stability. The property features an attractive unit mix consisting of two (2) 2 bedroom/2-bathroom units, one (1) 2 bedroom/1 bathroom unit, three (3) 1 bedroom/1 bathroom units, and one (1) bachelor unit. The building benefits from a strong renovation profile, with four (4)units fully renovated (Units #1, #2, #5, and #7), featuring upgraded flooring, modernized kitchens with updated cabinetry and quartz countertops, refreshed bathrooms, and new interior paint. Two additional units (Units #3 and #4) have been partially renovated, providing investors with additional value-add potential through continued interior upgrades. This diverse unit composition offers a balanced blend of stabilized cash flow and future rental upside. Additionally, the property has completed the soft-story seismic retrofit.

Location

State CA

County Los Angeles

Area Beverly Center-Miracle Mile

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Air Conditioning, Other, Wall Unit(s)

Equipment Refrigerator, Range/Oven, Washer, Dryer, Other

Exterior

Parking Features Carport Attached, Tandem, Side By Side

Garage Spaces 9.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Lyon Stahl Investment Real Estate, Inc.

NEARBY SCHOOL & BUSINESS

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Candi Marshall

Candi Marshall

Realtor & TV Host | RE.S.0072180

+1(702) 523-1759

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1217 S Orange Grove Ave