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1019 S Orange Grove Ave, Los Angeles, CA 90019
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1019 S Orange Grove Ave Los Angeles, CA 90019

$2,840,000 Sold Price as of 05/14/2021
  • 10 Beds
  • 8 Baths
  • 7,715 Sq.Ft.
Sold
$2,840,000 Sold Price as of 05/14/2021 Refinance Your Mortgage
Map preview of 1019 S Orange Grove Ave, Los Angeles, CA 90019

Property Overview: 1019 S Orange Grove Ave Los Angeles, CA has 10 bedrooms, 8 bathrooms, 7,715 living square feet and 7,559 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Located just off San Vicente Boulevard in the coveted Mid-Wilshire area, sits this gorgeous 8-unit Spanish Revival apartment complex built in 1931. Enjoy old world charm in the heart of Beverly Center. Original architectural details abound in this rare complex, including features such as arched windows, romantic balconies, hand-painted courtyard fountains, and wrought iron. The quality, authenticity and charm of this complex make this a great investment opportunity with a good upside. Amenities include onsite coin laundry, 6 parking garages, and close proximity to the shops and dining on Fairfax. Enjoy pride of ownership in this architectural gem.

Listed by Brien Varady | BRE #01904285 | DeasyPennerPodley
Last checked: 1 minute ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 343

Home details

Lot Sq. Ft
7,559
HOA Dues
$0/mo
Year built
1931
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
20577950
City
Los Angeles
County
Los Angeles
Time on Site
1269 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
  • # of Electric Meters: 8
  • # of Gas Meters: 8
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,175
  • Total Rent: $26,100
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,333
  • Total Rent: $27,996
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $25,200
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,623
  • Total Rent: $19,476
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,623
  • Total Rent: $19,476
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,623
  • Total Rent: $19,476
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,705
  • Total Rent: $20,460
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,857
  • Total Rent: $22,284
  • Pro Forma/Market Rent: $2,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 16.34
  • Gross Scheduled Income: --
  • Net Operating Income: $136,054
  • Gross Operating Income: $183,558
  • # of Rented Garages: 6
  • Garage Rental Income: $7,200
  • Laundry Income: $2,400
Annual Expense Breakdown
  • Total Operating Expense: --
  • Trash: $200
  • Insurance: $1,800

Property Details for 1019 S Orange Grove Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Forced Air
Laundry Information
  • Has Laundry
  • Community
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Street
Property Information
  • Total # of Units: 8
  • Parcel Number: 5086001054
Location / Neighborhood
Location Information
  • Directions: Off Olympic head South on Orange Grove - building is on the West side of the street.
View more facts & features

Local Los Angeles Agent

Sale History for 1019 S Orange Grove Ave

Last sold for $2,840,000 on May 14th, 2021

  • May, 2021

  • May 14, 2021

    Date

    Sold

    CRMLS: 20577950

    $2,840,000

    Price

  • Apr 26, 2021

    Date

    Active Under Contract

    CRMLS: 20577950

    $3,050,000

    Price

  • Mar 16, 2021

    Date

    Price Change

    CRMLS: 20577950

    $3,050,000

    Price

  • Jan 13, 2021

    Date

    Price Change

    CRMLS: 20577950

    $3,100,000

    Price

  • Nov 23, 2020

    Date

    Price Change

    CRMLS: 20577950

    $3,149,000

    Price

  • Sep 2, 2020

    Date

    Active

    CRMLS: 20577950

    $3,295,000

    Price

  • Aug 21, 2020

    Date

    Active Under Contract

    CRMLS: 20577950

    $3,295,000

    Price

  • May 15, 2020

    Date

    Active

    CRMLS: 20577950

    $3,295,000

    Price

  • January, 2021

  • Jan 28, 2021

    Date

    Leased

    CRMLS: 20649078

    $2,100

    Price

  • Nov 23, 2020

    Date

    Price Change

    CRMLS: 20649078

    $2,200

    Price

  • Oct 20, 2020

    Date

    Active

    CRMLS: 20649078

    $2,300

    Price

  • Listing provided courtesy of CRMLS

    Located just off San Vicente Boulevard in the coveted Mid-Wilshire area, this 1 bedroom and 1 bathroom apartment unit in -- gorgeous 8-unit Spanish Revival apartment complex built in 1931. Newly updated Kitchen with Stove and Refrigerator. Enjoy old world charm in the heart of Beverly Center. Original architectural details abound in this rare complex, including features such as arched windows, romantic balconies, hand-painted courtyard fountains, and wrought iron.

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Tax History for 1019 S Orange Grove Ave

Assessed Value (2020): $1,009,864
Year Land Value Improved Value Assessed Value
2020 $707,086 $302,778 $1,009,864

Home Value Compared to the Market

This property vs the competition

1019 S Orange Grove Ave sold on May 14, 2021 for 139.4% higher than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $395.33 per/sqft which puts the price per square foot 50.02% lower than the current median sale per square foot for the city of Los Angeles.

About 1019 S Orange Grove Ave

Detailed summary of property

1019 S Orange Grove Ave is a multi family that recently sold in Los Angeles, CA 90019. This multi family property offered 10 bedrooms, 8 bathrooms, roughly 7,715 living square feet, and sits on an approximately 7,559 square foot lot. 1019 S Orange Grove Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $2,840,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 139.4% higher than the current median priced home. Local homes that are currently for sale include 358 N Ogden Dr, 2301 Hauser Blvd and 434 N Ogden Dr. While the average home in Los Angeles, CA is selling in 100 days, 1019 S Orange Grove Ave has a days on market of 343 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. For more information on this home for sale at 1019 S Orange Grove Ave Los Angeles, CA 90019 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1019 S Orange Grove Ave

Public county record property details
Beds
10
Baths
8
Year built
1931
Sq. Ft.
7,715
Lot Size
7,558
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
25
APN
5086-001-054

The source for these homes facts are from public records.

90019 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,459,000
Median List Price/Sq.Ft.
$690
Median Sold Price
$1,935,500
Median Sold Price/Sq.Ft.
$855
Total Inventory
76
Median Sale to List Price %
102.14%
Avg Days on Market
18
Loan Type
Conventional (14.29%), FHA (0%), VA (14.29%), Cash (14.29%), Other (14.29%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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