22
See all 22 photos
$2,450,000
Est. payment /mo
8 Beds
4 Baths
5,326 SqFt
New
448 N Orange Grove AVE Los Angeles, CA 90036
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,326 sqft
Price per Sqft $460
MLS Listing ID 25551145
Bedrooms 8
HOA Y/N No
Year Built 1929
Lot Size 6,002 Sqft
Property Description
448 N Orange Grove Ave, a well-maintained 4unit apartment building located in the heart of the Fairfax District of Los Angeles, CA. Built in 1929, the property consists of (4) two-bedroom + one-bathroom units. 2/4 Units will be delivered vacant upon the COE. The building is 5,326 gross square feet and sits on a 6,000 square foot lot.Situated on a peaceful, tree-lined street, this classic Spanish-style building offers character-rich architecture with spacious floor plans, hardwood floors, and original details. The property also includes shared outdoor areas and on-site parking.With a WalkScore of 96, 448 N Orange Grove Ave is ideally located just minutes from some of LA's most iconic destinations, including The Grove, the Original Farmers Market, Pan Pacific Park, and a wide variety of dining, shopping, and entertainment options along Fairfax, Melrose, and Beverly. Positioned between West Hollywood and La Brea, the Fairfax District continues to be one of the most vibrant and sought-after neighborhoods in Los Angeles.448 N Orange Grove Ave represents a unique value-add opportunity for investors due to the property's location and rental upside. The property offers a initial CAP rate of 4.45% with the ability to improve to a 4.74% CAP rate once units turnover.
Location
State CA
County Los Angeles
Area C19 - Beverly Center-Miracle Mile
Zoning LARD1.5
Interior
Heating None
Cooling None
Fireplace No
Exterior
Parking Features Detached Carport
Attached Garage No
Total Parking Spaces 5
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5527029027
Special Listing Condition Standard
Listed by Michael Kamara • Lyon Stahl Investment Real Estate, Inc.