1047 S Orange Grove Ave

Los Angeles, CA, 90019

$6,635,000

$558 per ft²
$6,635,000
$558 per ft²
Active
Active
 - For Sale
beds
16 Beds
baths
12 Baths
carpenters-square
11,880 ft²
property_type
Multi-family
calendar
Built 1933
1047-53 South Orange Grove is a meticulously restored 1933 classic Mediterranean multi-family property located in a prime Miracle Mile location, just south of Olympic Blvd. and East of Fairfax Avenue. in 90019. This rare and beautiful twelve unit property has an excellent unit mix of (8) 1 BR + 1 Bath and (4) 2 BR + 1 bath units. The property is receiving strong rental income but there is upside in the rents, creating a value-add opportunity for new ownership. The property is accessed through a gated courtyard with a bubbling fountain and beautiful verdant gardens. Seven of the twelve units have been carefully restored and come with designer finishes and central air. The entire building has also received extensive renovations with new gated entry, rebuilt parking structure, new plumbing and an updated foundation. The property comes with 12 garage parking spaces. This courtyard multi-family asset is situated on two large parcels that total 15,962 SqFt. The size of the property is approximately 11,880 SqFt, Zoned LAR3 and was originally constructed in 1933. This properties exceptional location is a short distance to the new Metro Station at Wilshire and Fairfax. It's prime location provides its tenants easy access to the Grove Shopping Center, Beverly Hills, and numerous entertainment and dining venues.
MLS® ID:
22-193671
Listed:
8/25/22
Updated:
11/26/22
Sotheby’s International Realty
Andrea Alberts

Interior Features

Total Bedrooms
16
Total Bathrooms
12
Cooling
Central
Heating
Central

Exterior/Building Features

Lot Size
0.37 acres lot
Exterior Features
None

Other Property Details

Garage
No
Parking
Community Garage, Detached
Parking Total
12.0
View
N
County
Los Angeles
Pool
No
Total Stories
2
Zoning
LAR3

Courtesy of Miller & Desatnik Realty Co., Carolyn Schneider,
Listing Contact:  

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Andrea Alberts shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2022 Combined L.A./Westside MLS. All rights reserved.

Data last updated 11/26/22

Sotheby’s International Realty
Andrea Alberts
Contact