1525 South Orange Grove Avenue

Los Angeles, CA 90019

$1,927,500
Last Sold Price
8
Beds
4
Baths
4,106 Sq. Ft.
$469 / Sq. Ft.
4,106
Sq. Ft.
$469
per Sq. Ft.

Description

Charming Spanish fourplex in the desirable Beverly Center/ Miracle mile area. The building consists of four two bedroom, one bath apartments. One unit delivered vacant. Private garages for each unit. Numerous upgrades to all units while keeping the character and charm with arched ceilings and great layouts. Hard wood floors, Laundry in all units, individually metered, Granite counters and stainless steel appliances remodeled units with potential to increase income to $156,000. Current Net Income...Charming Spanish fourplex in the desirable Beverly Center/ Miracle mile area. The building consists of four two bedroom, one bath apartments. One unit delivered vacant. Private garages for each unit. Numerous upgrades to all units while keeping the character and charm with arched ceilings and great layouts. Hard wood floors, Laundry in all units, individually metered, Granite counters and stainless steel appliances remodeled units with potential to increase income to $156,000. Current Net Income $101,664 with CAP of 4.8 and GRM of 15. Great owner user or Impressive Investor rental in highly desirable area 2 minutes to LACMA and 7 to drive to Beverly Hills.

Listing Agent

  1. James Allan

    James Allan

    Listing Agent

    Compass

    DRE #01180635

    james.allan@compass.com

    P: (310)-704-0007

Property Details for 1525 South Orange Grove Avenue

Zoning
LAR3
Parcel Number
5068023003
Total Units
4.0
Living Area
4106
Source Living Area
Vendor Enhanced
Area
Mid Los Angeles (C16)
Vacancy Rate
0
Lot Size Area
6888
LISTING UPDATED: 12/05/2024 02:00 AM

Property Details for 1525 South Orange Grove Avenue

StatusSold
MLS #24-408875
Days on Market131
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1928
Lot Size0.16 AC / 6,888 SF
CountyLos Angeles County

Virtual Tour

Building Information for 1525 South Orange Grove Avenue

Stories-Residences-Year Built1928Building Size-Lot Size0.16 AC / 6,888 SF

Property Information for 1525 South Orange Grove Avenue

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: 4-plex
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $139,914
  • Net Operating Income: $101,664.00
  • Gross Income: $139,914
  • Cap Rate: 4.84%
  • Gross Rent Multiplier: $15.00
  • Total Annual Expense: 38250
  • Water Expense: $2,400.00
  • Electric Expense: $2,400.00
  • Tax Expense: $26,250
  • Gardener Expense: $2,400
  • Insurance Expense: $4,800
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1581
  • Lot Size Square Feet: 6888
Parking Details
Parking Details
  • Parking Garage: Garage, Private Garage
  • Total Parking: 0
  • Parking Features: Garage, Private
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Dishwasher, Ceiling Fan, Microwave, Ice Maker
  • Interior Features: Ceiling Fan(s)
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 06-27-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,369.50
  • Unit Actual Rent: $2,369.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,895.00
  • Unit Actual Rent: $2,895.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,895.00
  • Unit Actual Rent: $2,895.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,500.00
  • Unit Actual Rent: $3,500.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $452,851.00
  • Assessed Improvement Percent: 47.71
  • Assessed Land Value: $496,275.00
  • Assessed Land Percent: 52.29
  • Assessed Total Value: $949,126.00

Property History for 1525 South Orange Grove Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1525 South Orange Grove Avenue

Taxable ValueLand$506,200Additions$461,908Total$968,108
Tax Record2024$12,250 ($1,021 / month)
Home Facts
Total Finished SqFt4,106 SqFtAbove Grade Finished SqFt4,106 SqFtLot Size6,886 SqFtStyleQuadraplexYear Built1928ZoningLAR3CountyLOS ANGELESAPN5068-023-003

Schools near 1525 South Orange Grove Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Daniel Webster Middle School
Public6 to 8

Luther Burbank Middle School
Public6 to 8

Fairfax Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, James Allan, DRE #01180635

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.