448 N Orange Grove Ave - Apartments FOR SALE


Los Angeles, CA 90036- Hancock Park
$2,450,000 USD
310-525-5833
448 N Orange Grove Ave, Los Angeles, CA for Sale
$2,450,000 USD
Apartments - FOR SALE
1/22
null | 4.45% Cap Rate

448 N Orange Grove Ave
Los Angeles, CA 90036
Hancock Park


OVERVIEW

Michael Kamara of Lyon Stahl is pleased to present 448 N Orange Grove Ave, a well-maintained 4 unit 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. The building is 5,326 gross square feet and sits on a 6,000 square foot lot. 2/4 Of the units will be delivered vacant upon COE. 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.

FOR SALE DETAILS

PRICE

$2,450,000 USD

PRICE/SF

$460 USD /SF

# OF UNITS

4

PRICE/UNIT

$612,500

CAP RATE

4.45%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1929

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

LARD1.5

APN/PARCEL ID

5527-029-027

ASK ABOUT THIS PROPERTY

Michael KamaraLyon Stahl Investment Real EstateMore Info
310-525-5833

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Michael KamaraLyon Stahl Investment Real EstateMore Info
310-525-5833

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