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    1043 S Orange Grove Avenue

    Los Angeles, CA 90019
    • $2,400,000
    • STATUS: Active
    • ON SITE: 44 days
    • ID#: SR20163795
    $2,400,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,795
      SQFT
    • $414
      $/SQFT
    Type:
    Multi-Family
    Built:
    1933
    County:

    School Ratings & Info

    Description

    Tremendous upside potential on this 6-UNIT apartment building in Los Angeles. Great mix of units: Two 2br + 1.5ba, Two 1br + 1ba, One 2br + 1ba, and 1 Studio/Single. There are 3 detached garages in the rear of the building (Garages currently rented out for $1000/month). Vintage building with charming and inviting design throughout. Designed in the 1930's, old Los Angeles meets modern urban living. First time on the market in decades, located in an up-and-coming area with new construction sites nearby. Ready for a quick renovation or tear it down to build a larger building for even better rentals and returns.Buyer to cooperate with Seller's 1031 Tax Free Exchange.See Agent Remarks for details on unit status, etc.

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    Based on information from CRISNet MLS as of 2020-09-26T23:56:08.84. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2020-09-26T23:56:08.84. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.randyplaice.com/homes/108875849
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    1043 S Orange Grove Avenue Los Angeles, CA 90019

    • Price: $2,400,000
    • Status: Active
    • ID#: SR20163795
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    5,795
    SQFT
    $414
    $/SQFT
    1933
    Built
    Neighborhood:
    C19 - Beverly Center-Miracle Mile
    County:
    Los Angeles
    Area:
    C19 - Beverly Center-Miracle Mile
    Property Description
    Tremendous upside potential on this 6-UNIT apartment building in Los Angeles. Great mix of units: Two 2br + 1.5ba, Two 1br + 1ba, One 2br + 1ba, and 1 Studio/Single. There are 3 detached garages in the rear of the building (Garages currently rented out for $1000/month). Vintage building with charming and inviting design throughout. Designed in the 1930's, old Los Angeles meets modern urban living. First time on the market in decades, located in an up-and-coming area with new construction sites nearby. Ready for a quick renovation or tear it down to build a larger building for even better rentals and returns.Buyer to cooperate with Seller's 1031 Tax Free Exchange.See Agent Remarks for details on unit status, etc.
    Exterior Features

    Levels Two Lot Features LandscapedLawnYard Lot Size Area 7561.0000 Number Of Rented Garages 3 Parking Features Garage Faces Rear Parking Total 5.00 Parking YN Yes Road Frontage Type City Street Road Surface Type Paved

    Interior Features

    Common Walls 2+ Common Walls Flooring Wood Heating Wall Furnace Heating YN Yes Interior Features Ceiling Fan(S) Laundry Features Gas Dryer HookupWasher Hookup Laundry YN Yes

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Community Features CurbsSidewalksUrban Garage Income 12000.00 Garage Rental Rate 1000.00 Gross Income 130800.00 Gross Scheduled Income 130800.00 Insurance Expense 4548.00 Land Lease YN No Net Operating Income 117552.00 New Construction YN No New Taxes Expense 33750.00 Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 0 Operating Expense 13248.00 Pool Features None Pool Private YN No Professional Management Expense 0.00 Property Attached YN Yes Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 13248.00 Trash Expense 0.00 Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected Water Sewer Expense 2100.00 Water Source Public Zoning Lar3

    Listing provided courtesy of Pat "Ziggy" Zicarelli, CA DRE# 00559382, of Style Realty & Inv.Co.Inc..


    Based on information from CRISNet MLS as of 2020-09-26T23:56:08.84. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2020-09-26T23:56:08.84. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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