1450 South Orange Grove Avenue

1450 South Orange Grove Avenue

Los Angeles, CA 90019

$1,599,000
Price
7,125 / 0.16
Lot Size / Acres
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Description

Reduced. We are proud to exclusively present for a sale an ED1 Redevelopment Opportunity in Picfair Village, Los Angeles. Situated on S. Orange Grove Ave., between Pico Blvd. and Saturn St., this 7,125 SF [Q] R3-1-O Tier 3 lot is very close to the Pico & Fairfax intersection. The existing Triplex, consisting of all 1+1s, is vacant and perfect for a rehab and owner-user. The Project Plans are already submitted to Los Angeles Building and Safety and Letter of Determination has been issued. Consisting...Reduced. We are proud to exclusively present for a sale an ED1 Redevelopment Opportunity in Picfair Village, Los Angeles. Situated on S. Orange Grove Ave., between Pico Blvd. and Saturn St., this 7,125 SF [Q] R3-1-O Tier 3 lot is very close to the Pico & Fairfax intersection. The existing Triplex, consisting of all 1+1s, is vacant and perfect for a rehab and owner-user. The Project Plans are already submitted to Los Angeles Building and Safety and Letter of Determination has been issued. Consisting of eight 1+1 and eight 3+1 units, the Project has been designed with special attention to detail. Three of the units will be dedicated to Extremely Low Income households. With on-grade (and no subterranean) parking, this Project will provide 5 parking spaces. An alternative lucrative project can potentially utilize ED1 - for which this site is eligible. Dedicating 100% of the rental units to Affordable Housing can potentially increase the density of a redevelopment project to 39+/-units. The Two 100% Affordable Housing development scenarios that can potentially be built are: 31+/- units, 4 Story Type V Construction or 39+/- units, 5 Story Type III Construction. The neighborhood features average household incomes almost $117,000 in a 1 mile radius, showing that this area attracts a high-earning rental pool. This very central location, surrounded by a great variety of restaurants, nightlife and shopping, is walking distance to Vons and a short drive to LACMA, The Grove and The Farmers Market, among others. The area is designated as Very Walkable by Walk Score. Easy access to 10 freeway makes this property an easy to commute around Los Angeles.
  1. Listed by Dario Svidler • DRE #01884474 • Brokerage DRE #01425795 • Keller Williams Beverly Hills
  2. Listed by Almog Strikowski • DRE #01986816 • Brokerage DRE #01425795 • Keller Williams Beverly Hills

Property Details for 1450 South Orange Grove Avenue

Zoning
(Q)R3-1-O Tier 3
Parcel Number
5068022031
Area
Mid Los Angeles (C16)
Lot Size Area
7125
Source Lot Size Area
Assessor
Present Use
Triplex. Delivered vacant.
Potential Usage
Build 16+/- Units by TOC or potentially 41+/- Units via 100% Affordable Project
Assessor Parcel Number
5068-022-031

Location

Listing Courtesy of Keller Williams Beverly Hills, Dario Svidler, DRE #01884474; Keller Williams Beverly Hills, Almog Strikowski, DRE #01986816
Add your commute
LISTING UPDATED: 03/15/2024 11:25 AM

Property Details for 1450 South Orange Grove Avenue

StatusActive
MLS #23-336895
Days on Market147
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand Lot
Year Built-
Lot Size0.16 AC
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Beverly Hills, Dario Svidler, DRE #01884474; Keller Williams Beverly Hills, Almog Strikowski, DRE #01986816
Add your commute

Building Information for 1450 South Orange Grove Avenue

Lot Size0.16 AC

Payment Calculator

$10,168 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,726

Property Taxes

$1,442

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1450 South Orange Grove Avenue

Community / Development
Community / Development
  • Senior Community: No
Structure Info
Structure Info
  • View: Yes
  • View Description: Other
Contract Info
Contract Info
  • Disclosures: As Is, Other, Rent Control, Methane Gas
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Land / Lot Info
Land / Lot Info
  • Special Zoning: Methane Gas, Other, Rent Control
  • Lot Acreage: 0.1636
  • Lot Size Square Feet: 7125
  • Telephone: 1.0
  • Cable: 1.0
  • Possible New Zone: TOC LOD for 16 Units.
Parking Details
Parking Details
  • Total Parking: 0
Exterior Features
Exterior Features
  • New Construction: No
Lease Terms
Lease Terms
  • Entry Date: 12-04-2023

Property History for 1450 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.

Public Records for 1450 South Orange Grove Avenue

Taxable ValueLand$1,264,124Additions$140,458Total$1,404,582
Tax Record2023$17,307 ($1,442 / month)
Home Facts
Total Finished SqFt1,896 SqFtAbove Grade Finished SqFt1,896 SqFtLot Size7,125 SqFtStyleTriplexYear Built1940ZoningLAR3CountyLOS ANGELESAPN5068-022-031

Schools near 1450 South Orange Grove Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Crescent Heights Boulevard Elementary School
Public - K to 5
Daniel Webster Middle School
Public - 6 to 8
Fairfax Senior High School
Public - 9 to 12
Los Angeles Center For Enriched Studies
Public - 6 to 12
Rating
School
Distance
Crescent Heights Boulevard Elementary School
PublicK to 5

Daniel Webster Middle School
Public6 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.

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More information about 1450 South Orange Grove Avenue, Los Angeles, CA 90019

1450 South Orange Grove Avenue is a 0.16 ac of land for sale in Los Angeles, CA 90019. This property was listed for sale on December 4, 2023 by Keller Williams Beverly Hills, it's currently listed at $1,599,000. It has been on the market for a total of 147 days and was last sold on December 12, 2018. This listing's school district is Los Angeles Unified School District. Nearby schools include Crescent Heights Boulevard Elementary School, Daniel Webster Middle School and Fairfax Senior High School. 1450 South Orange Grove Avenue is a 0-bed, 0-bath, 0.16 ac of land on a 7,125 sq. ft. / 0.16 acres lot.

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 Keller Williams Beverly Hills, Dario Svidler, DRE #01884474; Keller Williams Beverly Hills, Almog Strikowski, DRE #01986816

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.