1319 South Orange Grove Avenue

Los Angeles, CA 90019

$24,250,000
Last Sold Price
56
Beds
57
Baths
40,575 Sq. Ft.
$598 / Sq. Ft.
40,575
Sq. Ft.
$598
per Sq. Ft.

Description

Major price reduction! Stunning brand new 33 unit apartment building with an excellent mix of modern residences. The building is comprised of 5 One Bedroom + One Bath Units, 8 Two Bedroom + Two Bath Units, 7 Three Bedroom + Two Bath Units, 8 Loft + Den Units, 4 One + One Bath Penthouses, and 1 Two Bedroom + Two Bath Penthouses. HIVE offers tenants an experience unlike most other properties in the city, with exquisitely designed apartments featuring a variety of amenities including spacious bedrooms...Major price reduction! Stunning brand new 33 unit apartment building with an excellent mix of modern residences. The building is comprised of 5 One Bedroom + One Bath Units, 8 Two Bedroom + Two Bath Units, 7 Three Bedroom + Two Bath Units, 8 Loft + Den Units, 4 One + One Bath Penthouses, and 1 Two Bedroom + Two Bath Penthouses. HIVE offers tenants an experience unlike most other properties in the city, with exquisitely designed apartments featuring a variety of amenities including spacious bedrooms and closets, stainless steel appliances, dishwashers, in-unit washers/dryers, balconies and terraces, and select loft units have floor to ceiling windows with unparalleled city views. Community amenities include a beautifully landscaped rooftop deck with breathtaking panoramic views of the city, a state-of-the-art fitness center with an array of modern cardio and weight training equipment, Amazon lockers, secured parking/storage area for bicycles, and two levels of secured/gated parking for 54 vehicles.
  1. Listed by Gary Fox • DRE #00847295 • Brokerage DRE #00893163 • Miller & Desatnik Realty Co.
  2. Listed by Michael Wozniak • DRE #01856514 • Brokerage DRE #00893163 • Miller & Desatnik Realty Co.

Property Details for 1319 South Orange Grove Avenue

Zoning
LAR3
Parcel Number
5086004030
Total Units
33.0
Living Area
40575
Source Living Area
Developer
Area
Beverly Center-Miracle Mile (C19)
Vacancy Rate
$45,345
Lot Size Area
14545

Location

Listing Courtesy of Miller & Desatnik Realty Co., Gary Fox, DRE #00847295; Miller & Desatnik Realty Co., Michael Wozniak, DRE #01856514

Sold By Compass, Cynthia Keyser, DRE #02002032

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LISTING UPDATED: 10/17/2022 11:58 AM

Property Details for 1319 South Orange Grove Avenue

StatusSold
MLS #22-145297
Days on Market126
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2022
Lot Size0.33 AC / 14,545 SF
CountyLos Angeles County

Location

Listing Courtesy of Miller & Desatnik Realty Co., Gary Fox, DRE #00847295; Miller & Desatnik Realty Co., Michael Wozniak, DRE #01856514

Sold By Compass, Cynthia Keyser, DRE #02002032

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Building Information for 1319 South Orange Grove Avenue

Stories6Residences-Year Built2022Building Size-Lot Size0.33 AC / 14,545 SF

Payment Calculator

$132,342 per month

30 year fixed, 7.25% Interest

Principal and Interest

$132,342

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1319 South Orange Grove Avenue

Community / Development
Community / Development
  • Number Of Units: 33
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Other
  • Number Of Stories: 6
  • Number Of Buildings: 1
  • Type Of Units: Apartments
  • Property Condition: New Construction
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $1,528,023
  • Net Operating Income: $1,040,623.00
  • Gross Income: $1,573,368
  • Cap Rate: 4.07%
  • Gross Rent Multiplier: $16.24
  • Total Annual Expense: 487400
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.3339
  • Lot Size Square Feet: 14545
Parking Details
Parking Details
  • Parking Garage: Gated
  • Total Parking: 54
  • Parking Features: Gated
Interior Features
Interior Features
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: Dishwasher, Elevator, Dryer, Intercom, Microwave, Refrigerator, Washer
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • New Construction: Yes
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-11-2022
  • Tenant Pays: Gas, Electricity, Water, Trash Collection
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,680.00
  • Unit Actual Rent: $13,402.00
  • Unit Projected Rent: $13,402.00
  • Like Units: 5
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,519.00
  • Unit Actual Rent: $14,074.00
  • Unit Projected Rent: $14,074.00
  • Like Units: 4
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,221.00
  • Unit Actual Rent: $25,767.00
  • Unit Projected Rent: $25,767.00
  • Like Units: 8
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $4,750.00
  • Unit Actual Rent: $4,750.00
  • Unit Projected Rent: $4,750.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $4,167.00
  • Unit Actual Rent: $29,166.00
  • Unit Projected Rent: $29,166.00
  • Like Units: 7
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $4,850.00
  • Unit Actual Rent: $38,800.00
  • Unit Projected Rent: $38,800.00
  • Like Units: 8
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $.00
  • Assessed Improvement Percent: 0.0
  • Assessed Land Value: $4,146,274.00
  • Assessed Land Percent: 100
  • Assessed Total Value: $4,146,274.00

Property History for 1319 South Orange Grove Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1319 South Orange Grove Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Carthay Center Elementary
PublicK to 5

Emerson Community Charter School
Charter6 to 8

Fairfax Senior High School
Public9 to 12

Los Angeles Center For Enriched Studies
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Miller & Desatnik Realty Co., Gary Fox, DRE #00847295; Miller & Desatnik Realty Co., Michael Wozniak, DRE #01856514

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.