839 South Orange Grove Avenue

Los Angeles, CA 90036

$1,950,000
Last Sold Price
8
Beds
4
Baths
5,180 Sq. Ft.
$376 / Sq. Ft.
5,180
Sq. Ft.
$376
per Sq. Ft.

Description

We are pleased to present this opportunity for an astute investor to purchase a 4 plex in the hot and high demand Miracle Mile corridor. This gorgeous Spanish style building is located just Two blocks from LACMA, the New Purple Line Metro Station, the Grammy and the Peterson museums. This property is centrally located and extremely walkable. This is the first time the property has been available and on-market in over 40 years. The owners have been committed to retaining the structures original details...We are pleased to present this opportunity for an astute investor to purchase a 4 plex in the hot and high demand Miracle Mile corridor. This gorgeous Spanish style building is located just Two blocks from LACMA, the New Purple Line Metro Station, the Grammy and the Peterson museums. This property is centrally located and extremely walkable. This is the first time the property has been available and on-market in over 40 years. The owners have been committed to retaining the structures original details and charm. Each unit is roughly 1,300 square feet , 2 bed 1 bath, with washer/dryers in the units. The bottom apartments boast original wood or beautiful laminate. The building has updated windows, electrical and plumbing. There is a large vacant two car garage in the rear of the property that can be converted to ADU or offered to the tenants for immediate additional income. This property does not fall within the Historic Preservation Overly Zone (HPOZ). Drive by only - please do not disturb tenants. Interior pictures are available upon request .
  1. Listed by Joshua Luchs • DRE #01845545 • Brokerage DRE #00868409 • CB Richard Ellis, Inc.

Property Details for 839 South Orange Grove Avenue

Zoning
LAR3
Style
Spanish
Parcel Number
5086008011
Total Units
4.0
Living Area
5180
Source Living Area
Vendor Enhanced
Area
Beverly Center-Miracle Mile (C19)
Vacancy Rate
0

Location

Listing Courtesy of CB Richard Ellis, Inc., Joshua Luchs, DRE #01845545

Sold By CB Richard Ellis, Inc., Joshua Luchs, DRE #01845545

Add your commute
LISTING UPDATED: 07/21/2022 02:08 PM

Property Details for 839 South Orange Grove Avenue

StatusSold
MLS #22-136333
Days on Market90
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1928
Lot Size0.15 AC / 6,587 SF
CountyLos Angeles County

Location

Listing Courtesy of CB Richard Ellis, Inc., Joshua Luchs, DRE #01845545

Sold By CB Richard Ellis, Inc., Joshua Luchs, DRE #01845545

Add your commute

Building Information for 839 South Orange Grove Avenue

Stories2Residences-Year Built1928Building Size-Lot Size0.15 AC / 6,587 SF

Payment Calculator

$12,687 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,642

Property Taxes

$2,045

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 839 South Orange Grove Avenue

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Income
  • View: No
  • View Description: None
  • View: None
  • Water Heaters: Yes
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: Actual
  • Gross Operating Income: $107,448
  • Net Operating Income: $70,211.00
  • Gross Income: $107,448
  • Cap Rate: 3.30%
  • Gross Rent Multiplier: $20.99
  • Actual Annual Gross Rent: $107,448.00
  • Actual Gross Annual Income: $107,448
  • Actual Rent Total: $108,684.00
  • Financial Info as Of: 03/01/2022
  • Vacancy Allow Dollar: $3,223.00
  • Vacancy Allow Percent: 3.00%
  • Owner Pays: Gardener, Water
  • Total Annual Expense: 34014
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1512
  • Lot Size Square Feet: 6587
Parking Details
Parking Details
  • Parking Garage: Driveway, Covered Parking
  • Total Parking: 0
  • Parking Features: Driveway, Covered
Interior Features
Interior Features
  • Cooling Type: Other
  • Heating: Natural Gas
  • Heating Type: Natural Gas
  • Flooring: Hardwood
  • Equipment: None
  • Common Walls: Attached
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 03-14-2022
  • Tenant Pays: Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,264.00
  • Unit Actual Rent: $9,054.00
  • Unit Projected Rent: $11,980.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $113,099.00
  • Assessed Improvement Percent: 43.02
  • Assessed Land Value: $149,786.00
  • Assessed Land Percent: 56.98
  • Assessed Total Value: $262,885.00

Property History for 839 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 839 South Orange Grove Avenue

Taxable ValueLand$1,326,000Additions$663,000Total$1,989,000
Tax Record2023$24,535 ($2,045 / month)
Home Facts
Total Finished SqFt5,180 SqFtAbove Grade Finished SqFt5,180 SqFtLot Size6,587 SqFtStyleQuadraplexYear Built1928ZoningLAR3CountyLOS ANGELESAPN5086-008-011

Schools near 839 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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Similar Sold 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 CB Richard Ellis, Inc., Joshua Luchs, DRE #01845545

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.