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1212 S Orange Grove Ave Los Angeles, CA 90019

$1,774,000 Sold Price as of 08/06/2019

6 Beds
5 Baths
4,155 Sq.Ft.

Sold

$1,774,000 Sold Price as of 08/06/2019 Refinance Your Mortgage

Map preview of 1212 S Orange Grove Ave, Los Angeles, CA 90019

Property Overview: 1212 S Orange Grove Ave Los Angeles, CA has 6 bedrooms, 5 bathrooms, 4,155 living square feet and 7,134 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This Mediterranean 5-unit bldg exudes character and charm. Located in the coveted neighborhood of Wilshire Vista. The front bldg is a two-story duplex w/2bed & 1 bath each. Spacious living rooms and huge formal dining rooms. Eat-in galley style kitchens. Separate laundry rooms. The rear bldg. has two upper 1-bdrm apts and one lower studio apt, laundry room, storage rooms and garages. Hardwood floors in each apt except studio. All units are individually metered. A private backyard is located behind the back building. Two add'l onsite parking spaces for tenant use. Great 1031 Exchange!

Listed by Jennifer Stein | BRE #01786020 | Keller Williams Larchmont

Last checked: 9 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 302

Home details

Lot Sq. Ft: 7,134
HOA Dues: $0/mo
Year built: 1927
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 18376092
City: Los Angeles
County: Los Angeles
Time on Site: 1345 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 5
Total # of Buildings: 2

Unit Breakdown 1

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,575
Total Rent: $30,900
Pro Forma/Market Rent: $2,575

Unit Breakdown 2

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,149
Total Rent: $25,788
Pro Forma/Market Rent: $4,000

Unit Breakdown 3

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,270
Total Rent: $15,240
Pro Forma/Market Rent: $1,270

Unit Breakdown 4

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,695
Total Rent: $20,340
Pro Forma/Market Rent: $1,695

Unit Breakdown 5

# of Units: 1
# of Beds: 0
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,195
Total Rent: $14,340
Pro Forma/Market Rent: $1,195

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 4.1%
Gross Rent Multiplier: 17.35
Gross Scheduled Income: --
Net Operating Income: $76,083
Gross Operating Income: $106,608

Annual Expense Breakdown

Total Operating Expense: --
Insurance: $2,400
Maintenance: $2,000
Water/Sewer: $2,000

Property Details for 1212 S Orange Grove Ave

Interior Features

Kitchen Information

Has Appliances
Disposal, Refrigerator

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Garage - Two Door

Lot Information

Lot Features: Sprinklers None
Lot Size Source: Assessor

Property Information

Total # of Units: 5
Parcel Number: 5086014017

Homeowners Association, Utilities, Taxes / Assessments

Assessment Information

No Assessments
Assessments: None

Location / Neighborhood

Location Information

Directions: South of San Vicente , East of Fairfax

View more facts & features

Local Los Angeles Agent

Sale History for 1212 S Orange Grove Ave

Last sold on September 4th, 2019

September, 2019
Sep 4, 2019

Date

Sold (Public Records)

Public Records

--

Price
August, 2019
Aug 8, 2019

Date

Sold

CRMLS: 18376092

$1,774,000

Price
Jul 25, 2019

Date

Pending

CRMLS: 18376092

$1,850,000

Price
Jun 28, 2019

Date

Active Under Contract

CRMLS: 18376092

$1,850,000

Price
Jun 10, 2019

Date

Price Change

CRMLS: 18376092

$1,850,000

Price
May 1, 2019

Date

Price Change

CRMLS: 18376092

$1,899,000

Price
Feb 7, 2019

Date

Price Change

CRMLS: 18376092

$1,950,000

Price
Sep 29, 2018

Date

Price Change

CRMLS: 18376092

$1,975,000

Price
Aug 29, 2018

Date

Active

CRMLS: 18376092

$2,050,000

Price
August, 2019
Aug 6, 2019

Date

Sold (Public Records)

Public Records

$1,774,000

Price
May, 2018
May 5, 2018

Date

Expired

CRMLS: SR17274481

$1,999,000

Price
Dec 13, 2017

Date

Active

CRMLS: SR17274481

$1,999,000

Price
Listing provided courtesy of CRMLS

5 unit property located in Beverly Center-Miracle Mile. Situated at 1212 S Orange Grove Avenue, just south of West Olympic Boulevard, and east of Fairfax. Built in 1927, with a square footage of 4,155 SF on a 7,133 square foot lot per assessor. The two-story property has a unit mix of (two) 2 bedrooms/1 bathroom units, (two) 1 bedrooms/1 bathroom units and bachelor unit. The property is located near Century City/Beverly Hills; Pico-Robertson; Carthay Square; Mid-Wilshire Museum Row; the Grove/Farmer's Market and Downtown LA. A savvy investor will be able to implement a thorough interior renovation program in order to take advantage of the upside in rental income.

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October, 2017
Oct 1, 2017

Date

Expired

CRMLS: 17242612

$2,395,000

Price
Aug 17, 2017

Date

Withdrawn

CRMLS: 17242612

$2,395,000

Price
Jun 18, 2017

Date

Active

CRMLS: 17242612

$2,395,000

Price
Listing provided courtesy of CRMLS

This Mediterranean 5-unit bldg. exudes character and charm--period details abound. Located in the coveted neighborhood of "Wilshire Vista", a highly sought after area for today's investor. The front bldg. is a two-story duplex w/2bdrm & 1 bath units each. Spacious living rooms and huge formal dining rooms. Eat-in galley style kitchens. Separate laundry rooms. The rear bldg. has two upper 1-bdrm apts. a lower studio apt, laundry room, storage rooms and garages. Hardwood floors in each apt except studio. All units are individually metered. No deferred maintenance. Tenants are long term. A private backyard is located behind the bldg. Two add'l onsite parking spaces for tenant use. Professionally landscaped front yard. Close to LACMA, Fairfax District and more. Public transportation nearby.

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Tax History for 1212 S Orange Grove Ave

Assessed Value (2020): $1,774,150

Year	Land Value	Improved Value	Assessed Value
2020	$1,174,000	$600,150	$1,774,150

Home Value Compared to the Market

This property vs the competition

1212 S Orange Grove Ave sold on August 6, 2019 for 65.18% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $445.25 per/sqft which puts the price per square foot 38.5% lower than the current median sale per square foot for the city of Los Angeles.

About 1212 S Orange Grove Ave

Detailed summary of property

1212 S Orange Grove Ave is a multi family that recently sold in Los Angeles, CA 90019. This multi family property offered 6 bedrooms, 5 bathrooms, roughly 4,155 living square feet, and sits on an approximately 7,134 square foot lot. 1212 S Orange Grove Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,774,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 65.18% higher than the current median priced home. Local homes that are currently for sale include 6064 Cashio St, 6107 Alcott St and 6347 Orange St. While the average home in Los Angeles, CA is selling in 106 days, 1212 S Orange Grove Ave has a days on market of 302 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 1212 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 1212 S Orange Grove Ave

Public county record property details

Beds: --
Baths: --
Year built: --
Sq. Ft.: 4,155
Lot Size: 7,133
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 17
APN: 5086-014-017

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

$1,450,000

Median List Price/Sq.Ft.

$703

Median Sold Price

$1,277,500

Median Sold Price/Sq.Ft.

$715

Total Inventory

Median Sale to List Price %

98.65%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (20%)

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(714) 706-1823

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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.