1217 S Orange Grove Ave - Apartments FOR SALE


Los Angeles, CA 90019- Mid-City
$2,200,000 USD
310-739-3148
1217 S Orange Grove Ave, Los Angeles, CA for Sale
$2,200,000 USD
Apartments - FOR SALE
1/19
null | Request Cap Rate

1217 S Orange Grove Ave
Los Angeles, CA 90019
Mid-City


HIGHLIGHTS

  • Prime Mid-City West location near Carthay Square, Pico-Robertson & the Fairfax District
  • Attractive Unit Mix: 2 (2+2), 1 (2+1), 3 (1+1) & 1 (Bachelor)
  • Several Beautifully Renovated Units
  • Seismic Retrofit Completed | Ample On-Site Parking Plus Abundant Street Parking
  • Individually Metered for Gas & Electricity
  • Excellent Long-Term Rental Upside Potential | Centrally Located Near Miracle Mile, Beverly Hills & The Grove

OVERVIEW

Vartanian CRE of Lyon Stahl Investment Real Estate, Inc. is pleased to present 1217 S Orange Grove Avenue, a well-maintained 7-unit multifamily investment opportunity located in the highly desirable Mid-City submarket of Los Angeles. The property consists of approximately 5,983 square feet of living area situated on a 7,115 square foot lot zoned LAR3, offering investors a compelling combination of stable in-place income and long-term upside potential. The building also features distinctive architectural elements, highlighted by subtle LED accent lighting that enhances the property’s curb appeal and creates a unique visual presence during evening hours. The property is separately metered for gas and electricity, with water master metered, helping streamline operating expenses. Additional income is generated through an on-site shared laundry facility. The asset also offers rear parking, ample street parking, and is situated on a quiet, well-maintained residential street, further contributing to strong tenant appeal and long-term occupancy stability. The property features an attractive unit mix consisting of two (2) 2 bedroom/2-bathroom units, one (1) 2 bedroom/1 bathroom unit, three (3) 1 bedroom/1 bathroom units, and one (1) bachelor unit. The building benefits from a strong renovation profile, with four (4) units fully renovated (Units #1, #2, #5, and #7), featuring upgraded flooring, modernized kitchens with updated cabinetry and quartz countertops, refreshed bathrooms, and new interior paint. Two additional units (Units #3 and #4) have been partially renovated, providing investors with additional value-add potential through continued interior upgrades. This diverse unit composition offers a balanced blend of stabilized cash flow and future rental upside. Additionally, the property has completed the soft-story seismic retrofit.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$368 USD /SF

# OF UNITS

7

PRICE/UNIT

$314,286

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Charming 7 Units in Prime Mid-City!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,205 SF

ZONING

R3, Los Angeles

APN/PARCEL ID

5086-005-009

ASK ABOUT THIS PROPERTY

Derrick VartanianLyon Stahl Investment Real Estate, Inc.More Info
310-739-3148

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Derrick VartanianLyon Stahl Investment Real Estate, Inc.More Info
310-739-3148

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.