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Multifamily

1119-21 S Orange Drive

1119-21 S Orange Drive, Los Angeles, CA 90019

Listing Price: $1,575,000

Cap Rate
2.30%
Number of Units
2
Price/Unit
$787,500
Price/Gross SF
$421.80
Gross SF
3,734

Investment Overview

Marcus & Millichap is pleased to announce the opportunity to purchase 1119-1121 S Orange Drive, an exquisite duplex in the highly sought-after Miracle Mile neighborhood of Los Angeles, CA. Featuring spacious two-bedroom units that average approximately 1,850 square feet each, the property has been heavily remodeled in recent years. The downstairs unit has been extensively upgraded and now boasts crystal chandeliers, stainless steel appliances, Caesarstone countertops, and subway tile backsplashes. Both apartments also include in-unit washer/dryers, fireplaces, beamed soffit ceilings, hardwood floors, large windows, interior archways, and individual water heaters. The exterior embraces this same architectural style, with an elegant breezeway, Spanish tile roof, and textured stucco walls, all complimented by precise landscaping. The property sits near the intersection of La Brea Avenue and Olympic Boulevard, offering tenants convenient access to all of the Miracle Mile’s famous destinations. The Grove and Farmer’s Market are just a short drive north, while LACMA, the El Rey Theatre, and the Midtown Shopping Center are all nearby as well. Residents are also adjacent to Beverly Hills and Hancock Park, providing luxury retail and high-end dining options. The Miracle Mile neighborhood has been experiencing plenty of new capital investments in the form of renovations and full remodels, only adding to the charm of the area. Miracle Mile is slated to have even more capital coming in via the Wilshire Courtyard, a high-rise office building, and the Mirabel, an Art Deco-inspired tower with 348 apartments and ground-floor retail. It has a been a highly desirable submarket for years, a trend that many investors expect to continue. The property at 1119-1121 S Orange Drive is a great opportunity for an investor to own a beautiful asset in one of Los Angeles’ premier neighborhoods.

Investment Highlights

  • Desirable Miracle Mile Asset Within One of the Most Sought-After Residential Neighborhoods in Los Angeles
  • Huge Two-Bedroom Floorplans Averaging Approximately 1,850 Square Feet Each
  • Excellent Price per Square Foot for Duplexes in Miracle Mile
  • In-Unit Washer/Dryers and Individual Water Heaters
  • Short Drive to Beverly Hills, Hancock Park, The Grove, and Farmers Market
  • Fully Remodeled Downstairs Unit – Crystal Chandeliers, Caesarstone Countertops, Stainless Steel Appliances
  • Two Garages and Two Open Parking Spaces
  • Beautifully Manicured Building and Grounds

Exclusively Listed By

Financing By

Multifamily

1119-21 S Orange Drive

Listing Price: $1,575,000

Cap Rate
2.30%
Number of Units
2
Price/Unit
$787,500
Price/Gross SF
$421.80
Gross SF
3,734

Investment Highlights

  • Desirable Miracle Mile Asset Within One of the Most Sought-After Residential Neighborhoods in Los Angeles
  • Huge Two-Bedroom Floorplans Averaging Approximately 1,850 Square Feet Each
  • Excellent Price per Square Foot for Duplexes in Miracle Mile
  • In-Unit Washer/Dryers and Individual Water Heaters
  • Short Drive to Beverly Hills, Hancock Park, The Grove, and Farmers Market
  • Fully Remodeled Downstairs Unit – Crystal Chandeliers, Caesarstone Countertops, Stainless Steel Appliances
  • Two Garages and Two Open Parking Spaces
  • Beautifully Manicured Building and Grounds

Investment Overview

Marcus & Millichap is pleased to announce the opportunity to purchase 1119-1121 S Orange Drive, an exquisite duplex in the highly sought-after Miracle Mile neighborhood of Los Angeles, CA. Featuring spacious two-bedroom units that average approximately 1,850 square feet each, the property has been heavily remodeled in recent years. The downstairs unit has been extensively upgraded and now boasts crystal chandeliers, stainless steel appliances, Caesarstone countertops, and subway tile backsplashes. Both apartments also include in-unit washer/dryers, fireplaces, beamed soffit ceilings, hardwood floors, large windows, interior archways, and individual water heaters. The exterior embraces this same architectural style, with an elegant breezeway, Spanish tile roof, and textured stucco walls, all complimented by precise landscaping. The property sits near the intersection of La Brea Avenue and Olympic Boulevard, offering tenants convenient access to all of the Miracle Mile’s famous destinations. The Grove and Farmer’s Market are just a short drive north, while LACMA, the El Rey Theatre, and the Midtown Shopping Center are all nearby as well. Residents are also adjacent to Beverly Hills and Hancock Park, providing luxury retail and high-end dining options. The Miracle Mile neighborhood has been experiencing plenty of new capital investments in the form of renovations and full remodels, only adding to the charm of the area. Miracle Mile is slated to have even more capital coming in via the Wilshire Courtyard, a high-rise office building, and the Mirabel, an Art Deco-inspired tower with 348 apartments and ground-floor retail. It has a been a highly desirable submarket for years, a trend that many investors expect to continue. The property at 1119-1121 S Orange Drive is a great opportunity for an investor to own a beautiful asset in one of Los Angeles’ premier neighborhoods.

Exclusively Listed By

Financing By

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