834 South Orange Grove Avenue

Los Angeles, CA 90036

$2,545,000
Price
8
Beds
8
Baths
8,012 Sq. Ft.
$318 / Sq. Ft.
8,012
Sq. Ft.
$318
per Sq. Ft.

Description

We are pleased to present 834 S Orange grove, an excellent eight-unit value-add opportunity. The property is located on the borders of Miracle Mile and Carthay Circle, both of which are highly sought-after neighborhoods in Los Angeles with a high barrier to entry. Furthermore, the property is located 1 block from Wilshire/Fairfax Metro D Line Station, which is scheduled to open in 2024. The new metro stop will provide convenient access for tenants to Koreatown/Downtown LA to the east and Beverly...We are pleased to present 834 S Orange grove, an excellent eight-unit value-add opportunity. The property is located on the borders of Miracle Mile and Carthay Circle, both of which are highly sought-after neighborhoods in Los Angeles with a high barrier to entry. Furthermore, the property is located 1 block from Wilshire/Fairfax Metro D Line Station, which is scheduled to open in 2024. The new metro stop will provide convenient access for tenants to Koreatown/Downtown LA to the east and Beverly Hills/Century City/Westwood to the west (western route scheduled to be completed in phases from 2025-2027). With respect to income, this property has over 20% +/- in rent, which could be captured by renovating and repositioning the units. The Spanish-style building, with incredible character and desirable curb appeal, consists of 8,012 rentable SF and features eight (8) One-Bedroom/One-Bathroom units.
  1. Listed by Saadia 'Sam' Liberow • DRE #01933858 • Marcus & Millichap
  2. Listed by Matthew Ziegler • DRE #01280909 • Marcus & Millichap

Property Details for 834 South Orange Grove Avenue

Zoning
LAR3
Parcel Number
5086011003
Total Units
8.0
Living Area
8012
Source Living Area
Vendor Enhanced
Area
Beverly Center-Miracle Mile (C19)
Vacancy Rate
5506
Lot Size Area
6033

Location

Listing Courtesy of Marcus & Millichap, Saadia 'Sam' Liberow, DRE #01933858; Marcus & Millichap, Matthew Ziegler, DRE #01280909
Add your commute
LISTING UPDATED: 09/14/2023 01:34 PM

Property Details for 834 South Orange Grove Avenue

StatusActive
MLS #23-276517
Days on Market112
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1929
Lot Size0.14 AC / 6,033 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Saadia 'Sam' Liberow, DRE #01933858; Marcus & Millichap, Matthew Ziegler, DRE #01280909
Add your commute

Building Information for 834 South Orange Grove Avenue

Stories2Residences-Year Built1929Building Size-Lot Size0.14 AC / 6,033 SF

Payment Calculator

$14,306 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,889

Property Taxes

$417

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 834 South Orange Grove Avenue

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Standard
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $178,034
  • Net Operating Income: $117,781.00
  • Gross Income: $178,034
  • Cap Rate: 4.63%
  • Gross Rent Multiplier: $13.87
  • Actual Annual Gross Rent: $183,540.00
  • Vacancy Allow Dollar: $5,506.00
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 60252
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1385
  • Lot Size Square Feet: 6033
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 0
  • Parking Features: None
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: None
  • Heating Type: None
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 06-02-2023
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,960.00
  • Unit Actual Rent: $1,960.00
  • Unit Projected Rent: $2,495.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,334.00
  • Unit Actual Rent: $1,334.00
  • Unit Projected Rent: $2,495.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,960.00
  • Unit Actual Rent: $1,960.00
  • Unit Projected Rent: $2,495.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,767.00
  • Unit Actual Rent: $1,767.00
  • Unit Projected Rent: $2,495.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,245.00
  • Unit Actual Rent: $2,245.00
  • Unit Projected Rent: $2,495.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,495.00
  • Unit Actual Rent: $2,495.00
  • Unit Projected Rent: $2,495.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,000.00
  • Unit Actual Rent: $2,000.00
  • Unit Projected Rent: $2,495.00
  • Like Units: 1
Unit 8 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,534.00
  • Unit Actual Rent: $1,534.00
  • Unit Projected Rent: $2,495.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $221,963.00
  • Assessed Improvement Percent: 69.25
  • Assessed Land Value: $98,584.00
  • Assessed Land Percent: 30.75
  • Assessed Total Value: $320,547.00

Property History for 834 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 834 South Orange Grove Avenue

Taxable ValueLand$98,584Additions$221,963Total$320,547
Tax Record2022$5,001 ($417 / month)
Home Facts
Total Finished SqFt8,012 SqFtAbove Grade Finished SqFt8,012 SqFtLot Size6,033 SqFtStyleMulti-Family Res (5+ Units)Year Built1929ZoningLAR3CountyLOS ANGELESAPN5086-011-003

Schools near 834 South Orange Grove Avenue

This home is within Los Angeles Unified School District.
RatingSchoolTypeGradesDistance
Public - K to 5
Charter - 6 to 8
Public - 9 to 12
Public - 6 to 12
RatingSchoolDistance
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.

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834 South Orange Grove Avenue is a multi-family home for sale in Los Angeles, CA 90036. This property was listed for sale on June 2, 2023 by Marcus & Millichap at $2,545,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Carthay Center Elementary, Emerson Community Charter School and Fairfax Senior High School. 834 South Orange Grove Avenue is a 8-bed, 8-bath, 8,012 sqft multi-family home built in 1929.

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 Marcus & Millichap, Saadia 'Sam' Liberow, DRE #01933858; Marcus & Millichap, Matthew Ziegler, DRE #01280909

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.