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    6321 Orange St

    Los Angeles, CA 90048
    • $1,975,000
    • STATUS: Active Under Contract
    • ON SITE: 173 days
    • ID#: 20-649202
    Under Contract
    UPDATED: 8 min ago
    $1,975,000
    • 6
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,790
      SQFT
    • $412
      $/SQFT
    Type:
    Multi-Family
    Built:
    1947
    County:

    School Ratings & Info

    Description

    Marcus and Millichap is pleased to present a six (6) unit apartment building located at 6321Orange Street in Los Angeles, California. The subject property is situated prime Beverly Grove/Mid-City West location, north of Wilshire Blvd and east of San Vicente Blvd. Built in 1947, this offering contains a streamlined unit mix of six (6) one-bedroom/one-bathroom units. Select units have been remodeled to feature refinished hardwood floors, plantation shutters, crown moldings, well-kept carpet, fresh paint, and tiling in the bathrooms and kitchens. The bathrooms include newer vanities and fixtures and the kitchens feature newer cabinetry and granite countertops. Each unit comes fully equipped with a newer gas range (stove/oven), range hood, refrigerator, A/C wall units, and washer/dryer hookups in-unit. There is plenty of storage space in every unit with closets and built-in shelving. Tenants will enjoy the on-site and covered parking available in the back of the property. Transportation here is made easy by access to nearby transportation hubs, including the LA Metro, San Vicente Blvd, Santa Monica Blvd, S Western Ave, and 101 & 10 Freeways. Ideally positioned in the Beverly Grove/Mid-City West neighborhood, this offering presents an excellent opportunity for an astute investor to capitalize on strong rental upside and strong appreciation in premier LA.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-04-15T13:42:56.117. 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/111313717
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    6321 Orange St Los Angeles, CA 90048

    • Price: $1,975,000
    • Status: Active Under Contract
    • Updated: 8 min ago
    • ID#: 20-649202
    6
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    4,790
    SQFT
    $412
    $/SQFT
    1947
    Built
    Neighborhood:
    Beverly Center-Miracle Mile
    County:
    Los Angeles
    Area:
    Beverly Center-Miracle Mile
    Property Description
    Marcus and Millichap is pleased to present a six (6) unit apartment building located at 6321Orange Street in Los Angeles, California. The subject property is situated prime Beverly Grove/Mid-City West location, north of Wilshire Blvd and east of San Vicente Blvd. Built in 1947, this offering contains a streamlined unit mix of six (6) one-bedroom/one-bathroom units. Select units have been remodeled to feature refinished hardwood floors, plantation shutters, crown moldings, well-kept carpet, fresh paint, and tiling in the bathrooms and kitchens. The bathrooms include newer vanities and fixtures and the kitchens feature newer cabinetry and granite countertops. Each unit comes fully equipped with a newer gas range (stove/oven), range hood, refrigerator, A/C wall units, and washer/dryer hookups in-unit. There is plenty of storage space in every unit with closets and built-in shelving. Tenants will enjoy the on-site and covered parking available in the back of the property. Transportation here is made easy by access to nearby transportation hubs, including the LA Metro, San Vicente Blvd, Santa Monica Blvd, S Western Ave, and 101 & 10 Freeways. Ideally positioned in the Beverly Grove/Mid-City West neighborhood, this offering presents an excellent opportunity for an astute investor to capitalize on strong rental upside and strong appreciation in premier LA.
    Exterior Features

    Covered Parking 6 Lot Size Area 6248 Other Structures None Parking Garage Covered Parking Total Parking 6 View Description City View YN Yes

    Interior Features

    Baths Total 6.00 Cooking Appliances Built-Ins Cooling Wall Unit(S) Equipment Built-InsDryerRange/Oven Flooring Hardwood Heating Wall Kitchen Features Granite Counters Laundry In Unit Windows Plantation Shutters

    Property Features

    Assessed Total Value 494588 Gross Income 121253 Gross Operating Income 117616 Like Units1 6 Net Operating Income 70739.00 Number Of Buildings 1 Number Of Units 6 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Assessor Total Annual Expense 46877 Type Of Units Market Year Built Source Vendor Enhanced Zoning Lar3

    Listing provided courtesy of Jason Tuvia DRE#01772495 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-04-15T13:42:56.117. 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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    Randy Plaice and Associates | RE/MAX Gateway
    27720 Dickason Drive
    Valencia CA, 91355