1217 S Orange Grove Avenue, Los Angeles, CA 90019
-
Listed Price :
$2,400,000
-
Beds :
9
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Baths :
9
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Property Size :
5,983 sqft
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Year Built :
1959
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.
Interior Features
| Bedroom Information |
| Bedrooms |
9 |
| Bathroom Information |
| Bathrooms |
9 |
Listing Information
| Address |
1217 S Orange Grove Avenue |
| City |
Los Angeles |
| State |
CA |
| Zip |
90019 |
| County |
Los Angeles |
| Listing Agent |
Sean Rosenzweig DRE #01406343 |
| Courtesy Of |
Marcus & Millichap |
| List Price |
$2,400,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
5,983 |
| Lot Size |
7,115 |
| Year Built |
1959 |
Listing information courtesy of: Sean Rosenzweig, Marcus & Millichap. *Based on information from the Association of REALTORS/Multiple Listing as of Jan 14th, 2025 at 2:18 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
