Los Angeles, CA 90019,1217 S Orange Grove Avenue
Los Angeles, CA 90019,1217 S Orange Grove Avenue
Los Angeles, CA 90019,1217 S Orange Grove Avenue
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$2,300,000
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5,983 SqFt
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1217 S Orange Grove Avenue Los Angeles, CA 90019

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Disen Cai

Disen Cai

Keller Williams Peninsula Estates

+1(650) 622-2156

UPDATED:

03/08/2025 12:54 AM

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 5,983 sqft

Price per Sqft $384

MLS Listing ID CL25481593

HOA Y/N No

Year Built 1959

Lot Size 7,115 Sqft

Acres 0.16

Property Sub-Type Other

Property Description

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.

Location

State CA

County Los Angeles

Zoning LAR3

Interior

Fireplace No

Building

New Construction No

Others

Tax ID 5086005009


Bridge MLS
Listed by Sean Rosenzweig • Marcus & Millichap

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agent

Disen Cai

Agent | License ID: 01928373

+1(650) 622-2156

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1217 S Orange Grove Avenue