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1311 S Orange Grove Ave, Los Angeles, CA 90019
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1311 S Orange Grove Ave Los Angeles, CA 90019

$24,250,000 Sold Price as of 10/14/2022
  • 56 Beds
  • 57 Baths
  • 40,575 Sq.Ft.
Sold
$24,250,000 Sold Price as of 10/14/2022 Refinance Your Mortgage
Map preview of 1311 S Orange Grove Ave, Los Angeles, CA 90019

Property Overview: 1311 S Orange Grove Ave Los Angeles, CA has 56 bedrooms, 57 bathrooms, 40,575 living square feet and 14,545 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: MAJOR PRICE REDUCTION!!!! Stunning brand new 33 unit apartment building with an excellent mix of modern residences. The building is comprised of 5 One Bedroom + One Bath Units, 8 Two Bedroom + Two Bath Units, 7 Three Bedroom + Two Bath Units, 8 Loft + Den Units, 4 One + One Bath Penthouses, and 1 Two Bedroom + Two Bath Penthouses. HIVE offers tenants an experience unlike most other properties in the city, with exquisitely designed apartments featuring a variety of amenities including spacious bedrooms and closets, stainless steel appliances, dishwashers, in-unit washers/dryers, balconies and terraces, and select loft units have floor to ceiling windows with unparalleled city views. Community amenities include a beautifully landscaped rooftop deck with breathtaking panoramic views of the city, a state-of-the-art fitness center with an array of modern cardio and weight training equipment, Amazon lockers, secured parking/storage area for bicycles, and two levels of secured/gated parking for 54 vehicles.

Listed by Gary Fox | BRE #00847295 | Miller & Desatnik Realty Co.
Co-listed by Michael Wozniak | BRE #01856514 | Miller & Desatnik Realty Co.
Last checked: 10 minutes ago | Last updated: November 18th, 2022 | Source CRMLS | DOM: 126

Home details

Lot Sq. Ft
14,545
HOA Dues
$0/mo
Year built
2022
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22145297
City
Los Angeles
County
Los Angeles
Time on Site
892 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 33
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 7
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $4,167
  • Total Rent: $29,166
  • Pro Forma/Market Rent: $29,166
Unit Breakdown 2
  • # of Units: 8
  • # of Beds: 1
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $4,850
  • Total Rent: $38,800
  • Pro Forma/Market Rent: $38,800
Unit Breakdown 3
  • # of Units: 5
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,680
  • Total Rent: $13,402
  • Pro Forma/Market Rent: $13,402
Unit Breakdown 4
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,519
  • Total Rent: $14,074
  • Pro Forma/Market Rent: $14,074
Unit Breakdown 5
  • # of Units: 8
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,221
  • Total Rent: $25,767
  • Pro Forma/Market Rent: $25,767
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $4,750
  • Total Rent: $4,750
  • Pro Forma/Market Rent: $4,750
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.07%
  • Gross Rent Multiplier: 16.24
  • Gross Scheduled Income: --
  • Net Operating Income: $1,040,623
  • Gross Operating Income: $1,528,023
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1311 S Orange Grove Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Fireplace Information
  • No Fireplace
  • None
Kitchen Information
  • Has Appliances
  • Dishwasher, Microwave, Refrigerator
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 54
  • Has Parking
  • Parking Features: Gated
Property Information
  • Total # of Units: 33
  • Parcel Number: 5086004030
  • Year Built Source: Other
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: One block East of Fairfax Ave. One half block North of Pico Blvd.
View more facts & features

Local Los Angeles Agent

Sale History for 1311 S Orange Grove Ave

Last sold for $24,250,000 on October 14th, 2022

  • October, 2022

  • Oct 14, 2022

    Date

    Sold

    CRMLS: 22145297

    $24,250,000

    Price

  • Apr 11, 2022

    Date

    Active

    CRMLS: 22145297

    $26,395,000

    Price

  • August, 2022

  • Aug 10, 2022

    Date

    Expired

    CRMLS: 22126261

    $4,400

    Price

  • Feb 9, 2022

    Date

    Active

    CRMLS: 22126261

    $4,400

    Price

  • Listing provided courtesy of CRMLS

    Stunning brand new architectural apartment complex in prime location. Unit #602 features one bedroom and one bathroom with amazing terrace. Laundry in unit. Building features secure entry, lobby w Amazon lockers, gym and large roof deck.

  • August, 2022

  • Aug 10, 2022

    Date

    Expired

    CRMLS: 22126290

    $4,900

    Price

  • Feb 9, 2022

    Date

    Active

    CRMLS: 22126290

    $4,900

    Price

  • Listing provided courtesy of CRMLS

    Stunning brand new architectural apartment complex in prime location. Unit #503 features one loft bedroom and two bathrooms with bonus room. Laundry in unit. Building features secure entry, lobby w Amazon lockers, gym and large roof deck.

  • June, 2020

  • Jun 18, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,000,000

    Price

  • June, 2020

  • Jun 18, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1311 S Orange Grove Ave

Assessed Value (2020): $4,057,560
Year Land Value Improved Value Assessed Value
2020 $3,246,048 $811,512 $4,057,560

Home Value Compared to the Market

This property vs the competition

1311 S Orange Grove Ave sold on October 14, 2022 for 2181.25% 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 $629.7 per/sqft which puts the price per square foot 13.03% lower than the current median sale per square foot for the city of Los Angeles.

About 1311 S Orange Grove Ave

Detailed summary of property

1311 S Orange Grove Ave is a multi family that recently sold in Los Angeles, CA 90019. This multi family property offered 56 bedrooms, 57 bathrooms, roughly 40,575 living square feet, and sits on an approximately 14,545 square foot lot. 1311 S Orange Grove Ave was first listed on ArdentRealEstateGroup.com on April 11, 2022. The homeowner sold the property for $24,250,000. 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 2181.25% higher than the current median priced home. While the average home in Los Angeles, CA is selling in 106 days, 1311 S Orange Grove Ave has a days on market of 126 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 1311 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 1311 S Orange Grove Ave

Public county record property details
Beds
3
Baths
2
Year built
1928
Sq. Ft.
2,171
Lot Size
7,265
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
10,11
APN
5086-004-030

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
95
Median Sale to List Price %
98.65%
Avg Days on Market
29
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (20%)

Thinking of Selling?

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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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