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… Read More 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. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Michael Kamara 310-425-9838
Listing Snapshot
Days Online
58
Last Updated
Property Type
Other
Beds
8
Square Ft.
5,326
Lot Size
0.14 Acres
Year Built
1929
MLS Number
25551145
30 Days Snapshot Of 90036
$1.93M
-31%
(avg) sold price
10
+42%
homes sold
52
+6%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1929, Building area total: 5,326, Levels: Two, Living area: 5326, 2 stories, 1 building
Cooling
None
Heating
None
Income
Gross income: $171,000, Net operating income: $109,049
Lot
0.1378 acres, 6,002 square feet, Size: 6,002
Parking
5 totals parking, DetachedCarport
Property
Zoning: LARD1.5
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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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