1217 S Orange Grove Avenue
Los Angeles, CA, 90019
$2,400,000
Beds
0 Baths
SqFt
0.16 Acres
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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.

Property Details

Price:
$2,400,000
MLS #:
25481593
Status:
Active
Baths:
0
Address:
1217 S Orange Grove Avenue
Type:
Residential Income
Neighborhood:
c19beverlycentermiraclemile
City:
Los Angeles
Listed Date:
Jan 13, 2025
State:
CA
ZIP:
90019
Lot Size:
7,115 sqft / 0.16 acres (approx)
Year Built:
1959
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1217 S Orange Grove Avenue
Los Angeles, CA