Open House Sun, Oct 1st 02:00 PM - 05:00 PM
Address
924 S Orange Grove Avenue, Los Angeles, CA
Price
$ 2,495,000
Property Attributes
- MLS#23311577
- TypeIncome
- CountyLOS ANGELES
- CityLos Angeles
- AreaBeverly Center-Miracle Mile
- Zip90036
- StyleTraditional
- Price$ 2,495,000
- Bedrooms8
- Full Bathrooms4
- Half Bathrooms0
- Sqr Footage5395
- Lot Size6,025 SqFt
Data Source:
California Regional MLS (CRMLS)
Property Description
Pride of ownership fourplex in the desirable Miracle Mile area. The building consists of four "house like" two bedroom, one bath apartments. Two lower units will be delivered vacant and two upper units are on month to month leases. The Upper units have private patios, the lower units have French doors that open to a private yard. Each apartment has a washer/dryer in the unit and two of the units have dishwashers. One of the lower units has an additional powder room. All the units are light and bright and have high ceilings. The current owners opened the center hallway in the two lower units to create one very large spacious Home. Everything was kept in tack so all that is needed is a wall to put it back into two units. The backyard, which is currently used downstairs only, is beautifully landscaped with a hook up in place to install a hot tub. There was previously a fence dividing the yard so both lower units had there own private yards which could easily be created again. Property is Ideal for a family or an investor. The building next-door was converted to a tenant in common, each of those units sold for $765,000. This is a very popular area to live in or to rent. 2 minutes to LACMA and 7 to drive to Beverly Hills. The subway is under construction at Wilshire and will be available to ride soon.
| Price History | |
|---|---|
| 9/18/2023 | Listed $2,495,000 |
General Features
| Appliances | Dishwasher, Disposal, Washer |
|---|---|
| Architectural Style | Traditional |
| Cap Rate | 4.12 |
| City | Los Angeles |
| Cooling | Wall/Window Unit(s) |
| County | Los Angeles |
| Directions | South of Wilshire. Just east of Fairfax |
| Electric Expense | 2400 |
| Gross Income | 142800 |
| Heating | Gravity |
| Insurance Expense | 3100 |
| Levels | One |
| Listing Agent | Jill Epstein - BRE#00472171 |
| Listing Agent State License | 00472171 |
| Lot Size Square Feet | 6025 |
| MLS Area | C19 - Beverly Center-Miracle Mile |
| Maintenanceexpense | 1608 |
| Net Operating Income | 102700 |
| Property Type | Residential Income |
| Senior Community Y/N | No |
| Special Listing Conditions | Standard |
| Standard Status | Active |
| Status | Active |
| Stories | 1 |
| Street Name | Orange Grove |
| Taxes | 31200 |
| Total Units | 4 |
| Year Built | 1928 |
| Zoning | LAR3 |
Interior Features
| Air Conditioning Y/N | Yes |
|---|---|
| Flooring | Carpet, Wood |
| Heating Y/N | Yes |
| Street Suffix | Avenue |
| Total Baths | 4 |
| Total Bedrooms | 8 |
| Total Stories | 2 |
Exterior Features
| Buyer Agent Compensation | 2.500 |
|---|---|
| Buyer Agent Compensation Type | % |
| Living Area | 5395 |
| Building Area Total | 5395 |
| Lot Size Acres | 0.1383 |
| Lot Size Area | 6025 |
| Lot Size Units | Square Feet |
| Number of Buildings | 1 |
| Parking Features | Driveway, Garage, Permit Required, Tandem |
| Total Parking | 2 |
Room Details
| Room | Dimensions | Level | Flooring | Details |
|---|---|---|---|---|
| Entry/Foyer | ||||
| Living Room |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Income Average in 90036
Price
Visits
Year Built
Based on information from California Regional Multiple Listing Service, Inc. as of October 1, 2023 3:18 AM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
