
1053 S Orange Grove Ave Los Angeles, CA 90019
Miracle Mile NeighborhoodAbout This Home
As of March 2016We are pleased to offer for sale, 1047 & 1053 South Orange Grove Avenue, consisting of 12 apartment homes surrounding a large open courtyard.The asset, built in 1933 is located one (1) block south of Olympic Blvd. in the Miracle Mile sub-market of Los Angeles (90019) and within close proximity to THE GROVE, LACMA, Hancock Park and numerous area entertainment and dining venues.The exceptional courtyard multifamily is situated on TWO large R3 Zoned parcels totaling 15,962 SF of land with a unit mix consisting of Four (4) large Two Bedroom / One Bathroom and Eight (8) One Bedroom / One Bathroom apartment homes in 2 structures. The current Rents are 50% Below market. Pro Forma Numbers are 6.9% CAP & 11.1 GRM with Gross Income of $430,800. **Please email agent forfull offering memorandum & complete details.**
Last Agent to Sell the Property
Iconic Investments License #01821053 Listed on: 11/10/2015
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1933
Lot Details
- 0.37 Acre Lot
Interior Spaces
- 11,880 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 16 Bedrooms
- 12 Bathrooms
Parking
- 12 Parking Spaces
- Carport
Utilities
- Cooling System Mounted In Outer Wall Opening
- Heating System Mounted To A Wall or Window
Community Details
- 2 Buildings
- 12 Units
Listing and Financial Details
- Assessor Parcel Number 5086-001-060
Similar Homes in Los Angeles, CA
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
03/14/2021 03/14/21 | Rented | $3,850 | 0.0% | -- |
01/14/2021 01/14/21 | For Rent | $3,850 | 0.0% | -- |
03/08/2016 03/08/16 | Sold | $4,300,000 | -10.2% | $362 / Sq Ft |
12/27/2015 12/27/15 | Pending | -- | -- | -- |
11/10/2015 11/10/15 | For Sale | $4,788,000 | -- | $403 / Sq Ft |
Tax History Compared to Growth
Agents Affiliated with this Home
-
Seller's Agent in 2021
Sean Inesta
Sean Inesta, Broker
(323) 788-5222
7 Total Sales
-
Seller's Agent in 2016
Adam Zunder
Iconic Investments
(818) 554-5560
40 Total Sales
-
Seller Co-Listing Agent in 2016
Rich Johns
KW Commercial Studio City
(818) 432-1575
2 in this area
34 Total Sales
Map
Source: The MLS
MLS Number: 15-958789

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