Listing provided courtesy of Sean Rosenzweig of Marcus & Millichap. Last updated 2025-01-15 09:10:59.000000. Listing information © 2024 Sandicor.
Asking Price: $2,400,000 |
1217 Orange Grove, Los Angeles CA 90019
Community: C19 - Beverly Center-Miracle Mile
This property was built in 1959 and is priced at $2,400,000. Please see the additional details below.
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS. We are pleased to offer for sale 1217 South Orange Grove Avenue, a seven-unit apartment community located in Carthay Square. The subject property is situated just south of Olympic Boulevard and East of Fairfax Avenue within the Miracle Mile submarket - a highly desirable pocket of Los Angeles. Situated on a 7,115 square foot parcel, the property consists of one bachelor unit, three one-bedroom units and three two-bedroom units. Two of the units will be delivered vacant allowing new ownership to immediately renovate and achieve market rental rates. The property has 28% remaining rental upside through unit renovations. The surrounding area, combined with the value-add potential for a new owner to renovate the remaining units and achieve enhanced future returns, makes 1217 South Orange Grove Avenue a compelling acquisition opportunity.