We are excited to bring to the market 6420 Orange Street which presents an exceptional opportunity for a boutique luxury value-add investor to acquire a character-style building with strong fundamentals. Built in 1937, the property features expansive floorplans that align perfectly with its renter base and prime location. Situated just… Read More one block from the intersection of San Vicente and Wilshire Boulevards, 6420 Orange Street offers residents a quiet, neighborhood feel while maintaining an urban lifestyle. The property sits on a ~6,250-square-foot lot and consists of a two-story, garden-style walk-up totaling ~4,687 square feet, with a two garage carport totaling 4 spaces at the rear. The desirable unit mix includes two (2) one-bedroom/one-bathroom units and two (2) two-bedroom/two-bathroom units, appealing to a wide renter demographic. As units turn over, a strategic investor can capture an estimated 18% loss-to-lease by implementing high-end finishes that meet the demands of today's Beverly Grove renter. Given its location, architectural character, value-add potential, and the rarity of similar offerings, 6420 Orange Street represents a unique opportunity to establish a boutique luxury community in one of Los Angeles' most coveted rental submarkets. Read Less
Courtesy of NorthMarq Realty Services, Inc. 949-717-5200
Listing Snapshot
Days Online
9
Last Updated
Property Type
Other
Beds
6
Square Ft.
4,687
Lot Size
0.15 Acres
Year Built
1937
MLS Number
25598853
30 Days Snapshot Of 90048
$2.96M
0%
(avg) sold price
19
+111%
homes sold
97
+44%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
None
Building
4,687 sq ft, Built in 1937, Levels: Two
Cooling
Wall Unit(s)
Disclosures
None
Garage
Carport
Heating
Wall
Lot
LotAcreage: 0.1435, LotSizeArea: 6,420
Parking
TotalParking: 0
Property
NumberOfUnits: 4, Zoning: LAR3
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