1053 S ORANGE GROVE Avenue

Los Angeles , CA 90019

MLS#: 15958789

$4,788,000

Status: Closed
Listing number: 15958789
Listing provided by: Keller Williams Studio City
Listing agent phone: None
Last update: 2 years ago
On site: 10 years ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1933

Sq.Footage

N/A

We are pleased to offer for sale, 1047 & 1053 South Orange Grove Avenue, consisting of 12 apartment homes surrounding a large open courtyard.The asset, built in 1933 is located one (1) block south of Olympic Blvd. in the Miracle Mile sub-market of Los Angeles (90019) and within close proximity to THE GROVE, LACMA, Hancock Park and numerous area entertainment and dining venues.The exceptional courtyard multifamily is situated on TWO large R3 Zoned parcels totaling 15,962 SF of land with a unit mix consisting of Four (4) large Two Bedroom / One Bathroom and Eight (8) One Bedroom / One Bathroom apartment homes in 2 structures. The current Rents are 50% Below market. Pro Forma Numbers are 6.9% CAP & 11.1 GRM with Gross Income of $430,800. **Please email agent forfull offering memorandum & complete details.**

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Parking

    Carport

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.366

  • Property Type

    Residential Income

Price

  • Sales Price

    $4,788,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

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Listing Courtesy of Adam Zunder , Keller Williams Studio City

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We are pleased to offer for sale, 1047 & 1053 South Orange Grove Avenue, consisting of 12 apartment homes surrounding a large open courtyard.The asset, built in 1933 is located one (1) block south of Olympic Blvd. in the Miracle Mile sub-market of Los Angeles (90019) and within close proximity to THE GROVE, LACMA, Hancock Park and numerous area entertainment and dining venues.The exceptional courtyard multifamily is situated on TWO large R3 Zoned parcels totaling 15,962 SF of land with a unit mix consisting of Four (4) large Two Bedroom / One Bathroom and Eight (8) One Bedroom / One Bathroom apartment homes in 2 structures. The current Rents are 50% Below market. Pro Forma Numbers are 6.9% CAP & 11.1 GRM with Gross Income of $430,800. **Please email agent forfull offering memorandum & complete details.**

1053 S ORANGE GROVE Avenue

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