For Sale

Listed by Saadia 'Sam' Liberow and Matthew Ziegler from Marcus & Millichap

Source: Combined LA Westside Multiple Listing Service, Inc #23276517

834 South Orange Grove Avenue, Los Angeles, CA, 90036

$2,545,000

8
8
8012 sq. ft.
6033 sq. ft.

Other

•

30+ days on the market

What's around 834 South Orange Grove Avenue

About this property

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.

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