1217 S Orange Grove Avenue,Los Angeles, CA 90019
Los Angeles, CA 90019
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.
Details
| MLS # | 26835507 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1959 |
| Days On Site | 97 |
| Listing Provided By | Lyon Stahl Investment Real Estate, Inc. | Derrick Vartanian |
Features
| Bath(s) | 9 |
|---|---|
| SQ Feet | 5,983 |
| Car Port | Yes |
| Story(s) | 2 |
| Units | 7 |
| Building(s) | 1 |
| Zoning | LAR3 |
| Acreage | 0.16 |
Interior
| Heating | Wall Furnace |
|---|---|
| Heating Yes / No | Yes |
| Appliances | Refrigerator, Dryer, Washer |
Parking
| Attached Garage Yes / No | Yes |
|---|---|
| Parking Features | Attached Carport, Garage, Side By Side, Tandem |
| Garage Yes / No | Yes |
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90019 |
| Area | C19 Beverly Center Miracle Mile |
| Listing VS Median (in 90019) | |
Price: $2,200,000 low | high Med: $1,725,000 sqft: 5,983 low | high Med: 3,586 $ / sqft: $368 low | high Med: $481 On site: 97 low | high Med: 54 | |
Market Activity 90019
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90019 |
| Area | C19 Beverly Center Miracle Mile |
| Listing VS Median (in 90019) | |
Price: $2,200,000 low | high Med: $1,725,000 sqft: 5,983 low | high Med: 3,586 $ / sqft: $368 low | high Med: $481 On site: 97 low | high Med: 54 | |
 | $2,580,0006022 W 8th StreetLos Angeles, CA 90036 |