1556 S Orange Grove Avenue, Los Angeles, CA 90019

About this property

1556 S Orange Grove Avenue located in Mid-city, a seven-unit apartment community. Unit 1 will be delivered vacant. The Owner has completed earthquake retrofit of the garages. Monthly capital improvement reimbursement of approximately $150/month could be added to the rental income. Located just south of Pico Blvd and East of Fairfax. The well-maintained property was built in 1961 consists of two 2 bedroom/1 bathroom units and five 1 bedroom/ 1 bath units. Two of the units were just remodeled with refinished hardwood flooring, new cabinets, quartz counters, stainless appliances. Bathrooms were remodeled with new tiled showers, floors, cabinets, quartz counters and fixtures. The subject has 5,987 of rentable sq/ft and is situated on 6,885 sq/ft lot per assessor. Separately metered for gas and electric. Excellent location minutes from Downtown LA, Beverly Hills, Culver City, and Santa Monica. Close to the Los Angeles Metro Line as well as a host of trendy restaurants, shopping and entertainment venues making it a highly desirable location to live in.

Listing description from the March 2022 sale, as reported to CRMLS.

Sale history

$2,600,000

Sold March 2022 · on market November 2021 · MLS #SR21251486 · Source: CRMLS

Listing Agent: Anie Mayelian · Listing Office: Equity Union · Contact: 818-989-2000 · Bought with: John (Jack) Mangin · Palm Realty Boutique, Inc.

$2,100,000

Sold July 2020 · listed $2,350,000, on market February 2020 · MLS #20558744 · Source: CRMLS

Listing Agent: Michael Monempour · Listing Office: Kidder Mathews of California, Inc. · Contact: 858-509-1200 · Bought with: Michael Monempour · Kidder Mathews of California, Inc.

Explore Los Angeles