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… Read More 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. Read Less
Courtesy of Marcus & Millichap 310-909-5500
Listing Snapshot
Days Online
26
Last Updated
Property Type
Other
Beds
9
Square Ft.
5,983
Lot Size
0.16 Acres
Year Built
1959
MLS Number
25-481593
30 Days Snapshot Of 90019
$1,415k
-7%
(avg) sold price
7
-30%
homes sold
161
+114%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
5,983 sq ft, Built in 1959, Levels: Two
Disclosures
None
Garage
Covered Parking
Lot
LotAcreage: 0.1634, LotSizeArea: 7,115
Parking
TotalParking: 10
Property
NumberOfUnits: 7, Zoning: LAR3
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