1556 S Orange Grove Ave | Los Angeles, CA 90019
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1556 S Orange Grove Ave
Los Angeles, CA 90019
1556 S. Orange Grove · Multifamily Property For Sale · 7 Units
Investment Highlights
- Located in desirable Picfair Village with a Walk Score of 82
- Excellent unit mix consisting of five: 1 Bed / 1 Bath, Two: 2 Bed / 1.25 Bath
- Units separately metered for gas & electric
- Approximately 28% upside in market rents
- Well maintained apartment building with new roof installed
PROPERTY FACTS
| No. Units | 7 | Building Size | 5,987 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low Rise | Year Built | 1961 |
| Building Class | C | Parking Ratio | 1.34/1,000 SF |
| Lot Size | 0.16 AC |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 5,987 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1.34/1,000 SF |
About 1556 S Orange Grove Ave , Los Angeles, CA 90019
The offering is a 5,987 Square foot, 7 Unit apartment building featuring Two 2 Bedroom/1.25 Bathrooms & Five 1 Bedroom/ 1 Bathroom units. With approximately 28% upside in market rents, this offering will allows an investor a unique opportunity to add value to an already well maintained apartment building.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | $1,372 | 780 - 850 |
| 2+2 | 2 | $1,846 | 780 - 850 |
PROPERTY TAXES
| Parcel Number | 5068-026-014 | Improvements Assessment | $624,240 |
| Land Assessment | $2,080,800 | Total Assessment | $2,705,040 |
PROPERTY TAXES
Parcel Number
5068-026-014
Land Assessment
$2,080,800
Improvements Assessment
$624,240
Total Assessment
$2,705,040
zoning
| Zoning Code | LA R3 |
| LA R3 |
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