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924 S Orange Grove Avenue

Los Angeles (City), CA 90036
  • $2,495,000
  • STATUS: Active
  • ON SITE: 75 Days
  • ID#: 23311577
UPDATED: 30 min ago
$2,495,000
  • 8
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,395
    SQFT
  • $462
    $/SQFT
Type:
Multi-Family
Built:
1928
County:

School Ratings & Info

Listing Agent(s): Jill Epstein of Nourmand & Associates-Bh (310-274-4000)


Description

Pride of ownership fourplex in the desirable Miracle Mile area. The building consists of four "house like" two bedroom, one bath apartments. Two lower units will be delivered vacant and two upper units are on month to month leases. The Upper units have private patios, the lower units have French doors that open to a private yard. Each apartment has a washer/dryer in the unit and two of the units have dishwashers. One of the lower units has an additional powder room. All the units are light and bright and have high ceilings. The current owners opened the center hallway in the two lower units to create one very large spacious Home. Everything was kept in tack so all that is needed is a wall to put it back into two units. The backyard, which is currently used downstairs only, is beautifully landscaped with a hook up in place to install a hot tub. There was previously a fence dividing the yard so both lower units had there own private yards which could easily be created again. Property is Ideal for a family or an investor. The building next-door was converted to a tenant in common, each of those units sold for $765,000. This is a very popular area to live in or to rent. 2 minutes to LACMA and 7 to drive to Beverly Hills. The subway is under construction at Wilshire and will be available to ride soon.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-03T21:30:19.863. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty Group - Brokered by EXP. Licensed in the State of California, USA.
www.twissrealty.com/homes/143489896
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924 S Orange Grove Avenue Los Angeles (City), CA 90036

  • Price: $2,495,000
  • Status: Active
  • On Site: 75 Days
  • Updated: 30 min ago
  • ID#: 23311577
8
Beds
0
Baths
0
½ Baths
0.14
Acres
5,395
SQFT
$462
$/SQFT
1928
Built
Neighborhood:
C19 - Beverly Center-Miracle Mile
County:
Los Angeles
Area:
C19 - Beverly Center-Miracle Mile
Property Description
Pride of ownership fourplex in the desirable Miracle Mile area. The building consists of four "house like" two bedroom, one bath apartments. Two lower units will be delivered vacant and two upper units are on month to month leases. The Upper units have private patios, the lower units have French doors that open to a private yard. Each apartment has a washer/dryer in the unit and two of the units have dishwashers. One of the lower units has an additional powder room. All the units are light and bright and have high ceilings. The current owners opened the center hallway in the two lower units to create one very large spacious Home. Everything was kept in tack so all that is needed is a wall to put it back into two units. The backyard, which is currently used downstairs only, is beautifully landscaped with a hook up in place to install a hot tub. There was previously a fence dividing the yard so both lower units had there own private yards which could easily be created again. Property is Ideal for a family or an investor. The building next-door was converted to a tenant in common, each of those units sold for $765,000. This is a very popular area to live in or to rent. 2 minutes to LACMA and 7 to drive to Beverly Hills. The subway is under construction at Wilshire and will be available to ride soon.
Exterior Features

Architectural Style Traditional Carport Spaces 0 Open Parking Spaces 0 Parking Features DrivewayGaragePermit RequiredTandem Parking Total 2

Interior Features

Appliances DishwasherDisposalWasher Cooling Wall/Window Unit(s) Cooling YN Yes Flooring CarpetWood Heating Gravity Heating YN Yes

Property Features

Association YN No Cap Rate 4.12 Electric Expense 2400 Garage YN No Gross Income 142800 Insurance Expense 3100 Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Maintenance Expense 1608 Net Operating Income 102700 New Construction YN No New Taxes Expense 31200 Senior Community YN No Special Listing Conditions Standard Zoning LAR3



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-03T21:30:19.863. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty Group - Brokered by EXP. Licensed in the State of California, USA.
 
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Twiss Realty Group - Brokered by EXP
5036 Highway 140
Mariposa CA, 95338
Listing Agent(s): Jill Epstein of Nourmand & Associates-Bh (310-274-4000)