6366 Orange St - Apartments FOR SALE


Los Angeles, CA 90048- Beverly Grove
$2,400,000 USD
949-870-2327
6366 Orange St, Los Angeles, CA for Sale
$2,400,000 USD
Apartments - FOR SALE
1/12
null | 3.12% Cap Rate

6366 Orange St
Los Angeles, CA 90048
Beverly Grove


HIGHLIGHTS

  • Large Scaled Units
  • Walk Score of 80
  • Original Historical Details
  • All-New Period Correct Windows & French Doors
  • Full Copper Re-Pipe
  • Estimated 23% Rental Upside

OVERVIEW

Proudly standing tall for nearly 100 years in the highly acclaimed Beverly Grove neighborhood, this pedigree Italian Renaissance-style fourplex is both a testament and a love letter to early Los Angeles architecture. Designed by Architect Horatio Bishop, most notable as a leading pioneer architect of Cathay Circle, the property boasts a commanding yet romantic curb appeal that is further enhanced by its idyllic positioning on a tree-lined street, full of character-rich historic properties. Available for the first time in decades, the current stewards of the property have undergone a meticulous, multi-year restoration, striking the impeccable balance of original historical charm and modern amenities that today’s tenants desire. Upon arrival, an elegant entry displays period-correct terracotta & hand-painted tiles, original lights, historic doors, and rod iron details throughout. Comprising four generously sized two-bedroom, one-bathroom units, each offers charming kitchens, Art Deco bathrooms, hardwood floors, and stunning casement windows with alluring features such as in-unit washer/dryer hookups and patios or balconies. Other capital improvements include a copper re-pipe and newer interior & exterior paint. Boasting a walk-score of 80, tenants of the community will enjoy nearby amenities such as Whole Foods, The Grove, LACMA, The Peterson Museum, Beverly Center, and & The El Rey Theater. The location also offers close proximity to public transportation, including the future Metro Purple Line Extension, which will provide access to both the West Side and Downtown Los Angeles (DTLA). The offering at 6366 Orange Street is a legacy transfer decades in the making.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$422 USD /SF

# OF UNITS

4

PRICE/UNIT

$600,000

CAP RATE

3.12%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

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

LAR3

APN/PARCEL ID

5510-028-016

ASK ABOUT THIS PROPERTY

James HarmCompassMore Info
949-870-2327

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James HarmCompassMore Info
949-870-2327

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