$1,800,000
SOLD AUG 5, 2024

351 N Orange Grove Ave Los Angeles, CA 90036

Melrose Neighborhood
8 Beds
4 Baths
5,985 Sq Ft
6,373 Sq Ft Lot

Recently Sold

$301 Per Sq Ft

3% Above List Price

1,124 Days on Market

About This Home

As of August 2024

The Offering is a charming Four Plex situated in Fairfax District Adjacent to West Hollywood and Hancock Park. This premier location has an excellent Walk Score of 91! Within Close Proximity to an array of Grocery, Fine Dining, Shopping & Entertainment Options. There is an excellent unit mix consisting of Four 2 Bedroom / 1 Bathroom Units for a total of 5,985 SF. All units are equipped with Washer & Dryers. There is approximately 60%Upside in Market Rents which presents a very attractive Value Add Investment Opportunity for a Savvy Investor to acquire a well maintained property in an Ultra-Prime Location.

Last Agent to Sell the Property

Michael Monempour

Lyon Stahl Investment Real Estate, Inc. License #01996829 Listed on: 07/09/2024

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Jake Glaser

Lyon Stahl Investment Real Estate, Inc. License #02128816

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,702

Year Built

  • Built in 1928

Lot Details

  • 6,373 Sq Ft Lot

Interior Spaces

  • 5,985 Sq Ft Home
  • 1-Story Property
  • Laundry in Kitchen

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5527-037-010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,702

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 5985
  • Lot Acreage: 0.1463
  • Year Built: 1928
  • Number Of Photos: 28
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 8
  • Laundry: In Kitchen
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 292.40

Exterior Features

  • Other Structures: None

Lot Info

  • Assessed Improvement Percent: 57.59
  • Assessed Improvement Value: 92112
  • Assessed Land Percent: 42.41
  • Assessed Land Value: 67836
  • Total Assessed Value: 159948
  • Assessor Parcel Number: 5527-037-010
  • Lot Size Area: 6373

Rental Info

  • Rent Control: No

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 16.65
  • Number Of Units: 4
  • Total Annual Expense: 41029
  • Type Of Units: 2 B/1B
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 9, 2024
Closed on
Jul 29, 2024
Sold by
Calvin J Mandel and Stanley And Brenda Asarch Living Trust
Bought by
Mdb International Branding Llc
Seller's Agent
Michael Monempour
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Jake Glaser
Lyon Stahl Investment Real Estate, Inc.
List Price
$1,750,000
Sold Price
$1,800,000
Premium/Discount to List
$50,000
2.86%
Views
5

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.43%

Purchase Details

Closed on
Oct 7, 2020
Sold by
Asarch Brenda M and Asarch Brenda
Bought by
Asarch Stanley R and Asarch Brenda M

Purchase Details

Closed on
May 25, 2000
Sold by
Mandel Calvin J
Bought by
Mandel Calvin J and Mandel Lois A

Purchase Details

Closed on
Mar 2, 1995
Sold by
Asarch Brenda
Bought by
Asarch Brenda and Mandel Calvin J
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,800,000 Old Republic Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Quit Claim Deed -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/05/2025 05/05/25 For Sale $2,295,000 +27.5% $383 / Sq Ft
08/05/2024 08/05/24 Sold $1,800,000 +2.9% $301 / Sq Ft
07/25/2024 07/25/24 Pending -- -- --
06/27/2021 06/27/21 For Sale $1,750,000 -- $292 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,702 $163,146 $69,192 $93,954
2023 $2,667 $159,948 $67,836 $92,112
2022 $2,570 $156,812 $66,506 $90,306
2021 $2,501 $153,738 $65,202 $88,536
2020 $2,514 $152,163 $64,534 $87,629
2019 $2,440 $149,180 $63,269 $85,911
2018 $2,315 $146,256 $62,029 $84,227
2016 $2,152 $140,578 $59,621 $80,957
2015 $2,127 $138,467 $58,726 $79,741
2014 $2,164 $135,755 $57,576 $78,179
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-412885

The MLS

APN: 5527-037-010