Multifamily
1217 S Orange Grove Avenue
1217 Orange Grv Ave, Los Angeles, CA 90019
Listing Price: $2,400,000
Investment Overview
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
The SR Group of Marcus & Millichap, as the exclusive listing agent, is 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.
Investment Highlights
- Two Units Will be Delivered Vacant Allowing for Immediate Interior Renovations
- Surrounded by Multi-Million Dollar Homes in Some the Most Distinct Neighborhoods, Including: Carthay Square, South Carthay, and Beverly Grove
- Minutes from the Grove, the Farmer's Market and The Beverly Center - Allowing Easy Access to Premium Shopping & Entertainment
- Possible Opportunity to Convert Tuck Under Parking to an Attached Accessory Dwelling Unit (ADU) Through the State's Favorable Attached ADU Program, Allowing for Added Future Growth and Appreciation Potential – Buyer to Verify
- Long Term Ownership, Family Owned and Operated – First Time on the Market in Over 12 Years
- With a Walk Score of 90 "Walker's Paradise"- Daily Errands do not Require a Car. Tenants have Convenient Access to Major Employment Centers throughout Los Angeles
Exclusively Listed By
Financing By
Listing Price: $2,400,000
Investment Highlights
- Two Units Will be Delivered Vacant Allowing for Immediate Interior Renovations
- Surrounded by Multi-Million Dollar Homes in Some the Most Distinct Neighborhoods, Including: Carthay Square, South Carthay, and Beverly Grove
- Minutes from the Grove, the Farmer's Market and The Beverly Center - Allowing Easy Access to Premium Shopping & Entertainment
- Possible Opportunity to Convert Tuck Under Parking to an Attached Accessory Dwelling Unit (ADU) Through the State's Favorable Attached ADU Program, Allowing for Added Future Growth and Appreciation Potential – Buyer to Verify
- Long Term Ownership, Family Owned and Operated – First Time on the Market in Over 12 Years
- With a Walk Score of 90 "Walker's Paradise"- Daily Errands do not Require a Car. Tenants have Convenient Access to Major Employment Centers throughout Los Angeles
Investment Overview
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS. The SR Group of Marcus & Millichap, as the exclusive listing agent, is 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.
Exclusively Listed By
Financing By

