Active
1217 S Orange Grove Ave
Los Angeles CA, 90019
$2,400,000
$401.14 per sqft
Active
9 Beds
9 Baths
5,983 sqft
Multi-family
Built in 1959
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS. We are pleased to offer for sale 1217 South Orange Grove Avenue, a seven-unit apartment community located in Carthay Square. The subject property is situated just south of Olympic Boulevard and East of Fairfax Avenue within the Miracle Mile submarket - a highly desirable pocket of Los Angeles. Situated on a 7,115 square foot parcel, the property consists of one bachelor unit, three one-bedroom units and three two-bedroom units. Two of the units will be delivered vacant allowing new ownership to immediately renovate and achieve market rental rates. The property has 28% remaining rental upside through unit renovations. The surrounding area, combined with the value-add potential for a new owner to renovate the remaining units and achieve enhanced future returns, makes 1217 South Orange Grove Avenue a compelling acquisition opportunity.
25-481593
MLSⓇ ID
January 13, 2025
Listed
January 21, 2025
Updated
Map
1217 S Orange Grove Ave
Los Angeles CA, 90019
Interior Features
Total Stories
2
Bedrooms
9
Total Bathrooms
9
Appliances
Other
Fireplace
No
Cooling
Yes
Cooling Description
Other
Heating
Yes
Heating Description
Other
Exterior/Building Features
Lot Size
0.16 Acres
Other Property Details
Area Name
Beverly Center-Miracle Mile
Days on Market
8
Garage
No
Parking
Covered Parking
Parking Total
10
View
No
County
Los Angeles
Pool
No
Zoning
LAR3
Listed by Sean Rosenzweig with Marcus & Millichap
Listing Contact: 310-513-3144
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Nick Hertz | CA DRE #1992715 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2025 Combined L.A./Westside MLS. All rights reserved.
Data last updated 1/21/2025
