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1044 Orange Grove Avenue
Los Angeles, CA 90019
Sold
1044 Orange Grove Avenue
Los Angeles, CA 90019
Sold
Charming and well-maintained fourplex located between prime Miracle Mile and Carthay Circle, two highly desirable submarkets of Los Angeles. Originally constructed in 1937, the Property is a unique two-story structure that has undergone numerous upgrades and offers the opportunity to add value through additional renovations. The Property features extremely spacious units with a desirable unit mix of four, 2 bedroom, 1 baths units that average between 1,320-1,350 SF. The units have been upgraded with new kitchens and bathrooms, stainless steel appliances, hardwood floors throughout, central AC/heat, in-unit washer and dryers, high ceilings, French windows, crown molding, and decorative fireplaces. Each unit boasts character, charm, and a favorable layout. Additionally the Property features a new roof, new exterior paint, upgraded plumbing and electrical, a new sewer line to main, new water heaters, electric garage door openers, and more. The building individually metered for electricity and gas and master metered for water. The Property includes a total of 7 on-site parking spaces, with 5 private garage spaces and two additional surface spaces. There is also a possibility to add potential Accessory Dwelling Units (ADUs) and ultimately increase the rental income and cash flow (buyer toc onfirm). Through additional renovations and possible construction of ADUs, an investor will have the opportunity to capitalize on the remaining rental upside. 1044-1046 S Orange Grove Ave is positioned in sought-after community in Los Angeles, and is located south of San Vicente and one block east of Fairfax. The Property is a Walker's Paradise, conveniently located next to countless amenities, including critically acclaimed restaurants, trendy bars, fitness centers, shopping, hotels, entertainment venues, museums, and local transportation. Tenants are ideally positioned near major employment centers including Century City, Beverly Hills, West Hollywood, Mid-Wilshire, Downtown Los Angeles and Hollywood. 1044-1046 S Orange Grove Ave provides an investor with the opportunity to acquire a well-maintained and ideally located asset with upside potential.
PROPERTY INFORMATION
| MLS # | 23299221 | Lot Size | 7,672 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 2,495,000
Price Per SqFt: $ 469 |
DOM | 687 Days |
| Address | 1044 Orange Grove Avenue | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 5,322 Sq. Ft. |
| Postal Code | 90019 | Garage | N/A |
| County | Los Angeles | Year Built | 1937 |
| Bed / Bath | 8 / 0 | Parking | 7 |
| Built In | 1937 | Status | Closed |
| Sold Date | 2023-09-12 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Washer Included, Dryer Included |
| Has Appliances | Yes |
| Kitchen Appliances | Microwave, Refrigerator |
| Has Heating | Yes |
| Heating Information | Central |
| Has Cooling | Yes |
| Cooling Information | Central Air |
EXTERIOR FEATURES
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $2,661
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 08/09/2023 | Listed | $2,495,000 |
Topfind Realty
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(844)-333-8033
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Listing provided courtesy of Janet Neman, Kidder Mathews of California, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
