This property offers an exceptional value-added investment opportunity, with an estimated 47% upside potential. Current rental rates are significantly below market value, allowing a new owner to renovate and modernize the units to increase their desirability and rental income. With strategic upgrades, the property can attract high-quality tenants and generate impressive returns. Adding to its appeal, this is the first time the property has been on the market in over 30 years, making it a rare opportunity to acquire a well-maintained asset with long-term potential. Passed down through generations, it is now ready for a new owner to reposition it for future growth. Located in the prime Beverly Grove neighborhood, the property offers easy access to world-class shopping, dining, and cultural attractions. Additionally, the property includes ample rear parking with the potential to add an accessory dwelling unit (ADU), subject to buyer verification. This feature enhances the investment appeal by offering an opportunity for additional rental income.
Property Details
Price:
$1,800,000
MLS #:
25495359
Status:
Pending
Baths:
0
Address:
6504 Orange Street
Type:
Residential Income
Neighborhood:
c19beverlycentermiraclemile
City:
Los Angeles
Listed Date:
Feb 7, 2025
State:
CA
ZIP:
90048
Lot Size:
6,251 sqft / 0.14 acres (approx)
Year Built:
1948
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Schools
Interior
Heating
Wall Furnace
Exterior
Foundation Details
Raised
Garage Spaces
1.00
Parking Features
Covered
Parking Spots
5.00
Pool Features
None
Spa Features
None
Stories Total
2
View
None
Financial
Tenant Pays
Gas, Electricity, Cable T V
Map
Community
- Address6504 Orange Street Los Angeles CA
- AreaC19 – Beverly Center-Miracle Mile
- CityLos Angeles
- CountyLos Angeles
- Zip Code90048
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6504 Orange Street
Los Angeles, CA
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