We are pleased to present 1217 S Orange Grove Avenue, a well-maintained 7-unitmultifamily 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 LAR3-zoned lot, offering investors a compelling combination of… Read More 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. Read Less
Courtesy of Lyon Stahl Investment Real Estate, Inc. 310-425-9838
Listing Snapshot
Days Online
13
Last Updated
Property Type
Other
Square Ft.
5,983
Lot Size
0.16 Acres
Year Built
1959
MLS Number
26835507
30 Days Snapshot Of 90019
$1.38M
-10%
(avg) sold price
10
+11%
homes sold
80
+21%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Refrigerator, Range/Oven, Washer, Dryer
Building
5,983 sq ft, Built in 1959, Levels: Two
Cooling
Air Conditioning, Wall Unit(s)
Disclosures
None
Garage
Carport Attached, Tandem, Side By Side
Heating
Wall
Lot
LotAcreage: 0.1634, LotSizeArea: 7,117
Parking
TotalParking: 9
Property
NumberOfUnits: 7, Zoning: LAR3
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.
Confirm your time
Fill in your details and we will contact you to confirm a time.
or message me directly
Find My Dream Home
Put an experts eye on your home search! You’ll receive personalized matches of results delivered direct to you.
Import This Listing
Import Completed
To view your listing, click one of the options below.
