834 S Orange Grove Ave | Los Angeles, CA 90036
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- LoopNet Team
834 S Orange Grove Ave
Los Angeles, CA 90036
Multifamily Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- Excellent Location - Located on the borders of Miracle Mile and Carthay Circle, both are highly sought-after neighborhoods in LA
- Value-Add Opportunity - This property has over 19% +/- in rents which could be captured by renovating and repositioning the units
- Large units with spacious floor plans - The property consists of 8,012 rentable SF and features eight (8) One Bedroom/One Bathroom units
- Convenient Transportation Nearby - Located 1 block from Wilshire/Fairfax Metro D Line Station scheduled to open in 2024
- Exceptional Area Demographics - The average Annual Household Income in Hollywood is $119,820 within a 1-Mile Radius from the Subject Property
- Charming Character Building - Spanish style building with incredible character and desirable curb appeal
PROPERTY FACTS
| No. Units | 8 | Lot Size | 0.14 AC |
| Property Type | Multifamily | Building Size | 8,012 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1929 |
| Zoning | LAR3 - Multiple Dwelling R2 Uses, Apartment Houses, Multiple Dwellings, Child Care (20 max) | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 8,012 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1929 |
| Zoning | LAR3 - Multiple Dwelling R2 Uses, Apartment Houses, Multiple Dwellings, Child Care (20 max) |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
PROPERTY TAXES
| Parcel Number | 5086-011-003 | Improvements Assessment | $235,548 |
| Land Assessment | $104,617 | Total Assessment | $340,165 |
PROPERTY TAXES
Parcel Number
5086-011-003
Land Assessment
$104,617
Improvements Assessment
$235,548
Total Assessment
$340,165
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