Los Angeles, CA 90036,448 N Orange Grove Ave
Los Angeles, CA 90036,448 N Orange Grove Ave
Los Angeles, CA 90036,448 N Orange Grove Ave
22
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$2,450,000
Est. payment /mo
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8 Beds
4 Baths
5,326 SqFt
New

448 N Orange Grove Ave Los Angeles, CA 90036

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Michelle Wong

Michelle Wong

Simply Vegas

+1(415) 577-2031

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,326 sqft

Price per Sqft $460

MLS Listing ID 25551145

Bedrooms 8

Year Built 1929

Lot Size 6,002 Sqft

Acres 0.1378

Property Sub-Type Multi-Family

Property Description

448 N Orange Grove Ave, a well-maintained 4unit apartment building located in the heart of the Fairfax District of Los Angeles, CA. Built in 1929, the property consists of (4) two-bedroom + one-bathroom units. 2/4 Units will be delivered vacant upon the COE. The building is 5,326 gross square feet and sits on a 6,000 square foot lot.Situated on a peaceful, tree-lined street, this classic Spanish-style building offers character-rich architecture with spacious floor plans, hardwood floors, and original details. The property also includes shared outdoor areas and on-site parking.With a WalkScore of 96, 448 N Orange Grove Ave is ideally located just minutes from some of LA's most iconic destinations, including The Grove, the Original Farmers Market, Pan Pacific Park, and a wide variety of dining, shopping, and entertainment options along Fairfax, Melrose, and Beverly. Positioned between West Hollywood and La Brea, the Fairfax District continues to be one of the most vibrant and sought-after neighborhoods in Los Angeles.448 N Orange Grove Ave represents a unique value-add opportunity for investors due to the property's location and rental upside. The property offers a initial CAP rate of 4.45% with the ability to improve to a 4.74% CAP rate once units turnover.

Location

State CA

County Los Angeles

Area Beverly Center-Miracle Mile

Zoning LARD1.5

Rooms

Other Rooms None

Interior

Heating None

Cooling None

Equipment None

Exterior

Parking Features Carport Detached

Garage Spaces 5.0

Building

Level or Stories Two

Others

Special Listing Condition Standard


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

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agent

Michelle Wong

Agent | RE.0200772

+1(415) 577-2031

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448 N Orange Grove Ave