944 N Orange Grove Ave - Apartments FOR SALE


Los Angeles, CA 90046
$5,200,000 USD
310-922-0238
944 N Orange Grove Ave, Los Angeles, CA for Sale
$5,200,000 USD
Apartments - FOR SALE
1/25
null | 5.64% Cap Rate

944 N Orange Grove Ave
Los Angeles, CA 90046


HIGHLIGHTS

  • 1st Time to be Sold in Over 38 Years!
  • Excellent Unit Mix offering 1 & 2 Bedroom Units
  • 1 Non-Conforming Unit Currently Used As Storage - Potential ADU Opportunity!
  • Spacious Units Averaging Approx. 937 SF Each
  • Property Offers Swimming Pool, On Site Laundry & Parking For Tenants
  • 20 On Site Parking Spaces Offering a 1:1 Parking to Unit Count Ratio

OVERVIEW

944 N Orange Grove Avenue presents an opportunity to acquire a multifamily asset in one of Los Angeles' most desirable residential neighborhoods. Located near the intersection of West Hollywood, Beverly Grove, and the Fairfax District, the property benefits from immediate access to some of the region's most prominent retail, dining, entertainment, and employment destinations. The property is situated within a highly walkable urban environment that attracts a diverse tenant base seeking proximity to lifestyle amenities and major business centers. Residents enjoy convenient access to Melrose Avenue, Santa Monica Boulevard, Sunset Boulevard, The Grove, Beverly Center, and the Fairfax retail corridor. The surrounding area is characterized by a mix of multifamily residences, boutique commercial properties, and established residential neighborhoods that support long-term housing demand. Its central location provides efficient connectivity to West Hollywood, Beverly Hills, Hollywood, Century City, and Downtown Los Angeles via major surface streets and regional transportation networks. Nearby employment concentrations in the entertainment, media, healthcare, technology, hospitality, and professional services sectors continue to drive residential demand throughout the area. The combination of a highly sought-after infill location, proximity to major economic drivers, and access to premier lifestyle amenities positions 944 N Orange Grove Avenue as a compelling multifamily investment opportunity within one of Southern California's most established residential markets. Investors benefit from a location supported by limited housing availability, strong renter demand, and enduring neighborhood appeal.

FOR SALE DETAILS

PRICE

$5,200,000 USD

PRICE/SF

$292 USD /SF

# OF UNITS

19

PRICE/UNIT

$273,684

CAP RATE

5.64%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,737 SF

ZONING

WDR3C*

APN/PARCEL ID

5530-026-002

ASK ABOUT THIS PROPERTY

Jordan AsheghianLyon Stahl Investment Real EstateMore Info
310-922-0238

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Jordan AsheghianLyon Stahl Investment Real EstateMore Info
310-922-0238

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