$6,635,000

1047 S Orange Grove Avenue, Los Angeles, CA 90019

11,880

Square feet

15,962

Lot Size

12

# Of Units

Listing Agent
Carolyn Schneider - Miller & Desatnik Realty Co.

1047-53 South Orange Grove is a meticulously restored 1933 classic Mediterranean multi-family property located in a prime Miracle Mile location, just south of Olympic Blvd. and East of Fairfax Avenue. in 90019. This rare and beautiful twelve unit property has an excellent unit mix of (8) 1 BR + 1 Bath and (4) 2 BR + 1 bath units. The property is receiving strong rental income but there is upside in the rents, creating a value-add opportunity for new ownership. The property is accessed through a gated courtyard with a bubbling fountain and beautiful verdant gardens. Seven of the twelve units have been carefully restored and come with designer finishes and central air. The entire building has also received extensive renovations with new gated entry, rebuilt parking structure, new plumbing and an updated foundation. The property comes with 12 garage parking spaces. This courtyard multi-family asset is situated on two large parcels that total 15,962 SqFt. The size of the property is approximately 11,880 SqFt, Zoned LAR3 and was originally constructed in 1933. This properties exceptional location is a short distance to the new Metro Station at Wilshire and Fairfax. It's prime location provides its tenants easy access to the Grove Shopping Center, Beverly Hills, and numerous entertainment and dining venues.

Facts & Features

MLS® # 22193671
Price $6,635,000
Bathrooms 0.00
Square Footage 11,880
Lot Size 15,962
Year Built 1933
Type Residential Income
Status Active
# Of Units 12

Community Information

Address 1047 S Orange Grove Avenue
Area C19 - Beverly Center-Miracle Mile
City Los Angeles
County Los Angeles
State CA
Zip Code 90019

Amenities

Parking Spaces 12
Parking Detached Carport, Community Structure
Garages Detached Carport, Community Structure
Is Waterfront No
Has Pool No

Interior

Interior Features Ceiling Fan(s)
Appliances Dishwasher, Disposal, Dryer
Heating Central
Cooling Central Air
Has Basement No
Fireplace No
# of Stories 2

Additional Information

Date Listed August 26th, 2022
Days on Market 104
Zoning LAR3
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

AgentCarolyn Schneider
OfficeMiller & Desatnik Realty Co.

Listing Map

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