1450 S Orange Grove Ave, Los Angeles, CA 90019
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1450 S Orange Grove Ave Los Angeles, CA 90019

$1,599,000
  • -- Beds
  • -- Baths
  • -- Sq.Ft.
For Sale
$1,599,000 Get Pre-Qualified

Map preview of 1450 S Orange Grove Ave, Los Angeles, CA 90019

Property Overview: 1450 S Orange Grove Ave Los Angeles, CA has -- bedrooms, -- bathrooms, -- living square feet and 7,125 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: REDUCED. We are proud to exclusively present for a sale an ED1 Redevelopment Opportunity in Picfair Village, Los Angeles. Situated on S. Orange Grove Ave., between Pico Blvd. and Saturn St., this 7,125 SF [Q] R3-1-O Tier 3 lot is very close to the Pico & Fairfax intersection. The existing Triplex, consisting of all 1+1s, is vacant and perfect for a rehab and owner-user. The Project Plans are already submitted to Los Angeles Building and Safety and Letter of Determination has been issued. Consisting of eight 1+1 and eight 3+1 units, the Project has been designed with special attention to detail. Three of the units will be dedicated to Extremely Low Income households. With on-grade (and no subterranean) parking, this Project will provide 5 parking spaces. An alternative lucrative project can potentially utilize ED1 - for which this site is eligible. Dedicating 100% of the rental units to Affordable Housing can potentially increase the density of a redevelopment project to 39+/-units. The Two 100% Affordable Housing development scenarios that can potentially be built are: 31+/- units, 4 Story Type V Construction or 39+/- units, 5 Story Type III Construction. The neighborhood features average household incomes almost $117,000 in a 1 mile radius, showing that this area attracts a high-earning rental pool. This very central location, surrounded by a great variety of restaurants, nightlife and shopping, is walking distance to Vons and a short drive to LACMA, The Grove and The Farmers Market, among others. The area is designated as Very Walkable by Walk Score. Easy access to 10 freeway makes this property an easy to commute around Los Angeles.

Listed by Dario Svidler | BRE #01884474 | Keller Williams Beverly Hills
Co-listed by Almog Strikowski | BRE #01986816 | Keller Williams Beverly Hills
Last checked: 15 minutes ago | Last updated: March 15th, 2024 | Source CRMLS | DOM: 113
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Home details

Lot Sq. Ft
7,125
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Land
Status
Active
MLS#
23336895
City
Los Angeles
County
Los Angeles
Time on Site
115 days

Open Houses for 1450 S Orange Grove Ave

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Property Details for 1450 S Orange Grove Ave

Lot Details / Garage and Parking
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Has View
  • Parcel Number: 5068022031
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: East of Fairfax Ave. South of Pico Blvd.
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Sale History for 1450 S Orange Grove Ave

Last sold for $1,310,000 on December 31st, 2018
  • December, 2023

  • Dec 4, 2023

    Date

    Active

    CRMLS: 23336895

    $1,769,000

    Price

  • July, 2023

  • Jul 10, 2023

    Date

    Expired

    CRMLS: 23240385

    $1,950,000

    Price

  • Feb 9, 2023

    Date

    Active

    CRMLS: 23240385

    $2,200,000

    Price

  • Listing provided courtesy of CRMLS

    REDUCED! We are proud to exclusively present for a sale a Redevelopment Opportunity in Picfair Village, Los Angeles. Situated on S. Orange Grove Ave., between Pico Blvd. and Saturn St., this 7,125 SF [Q] R3-1-O Tier lot 3 lot is very close to the Pico & Fairfax intersection. The Project will be delivered with an approved Letter of Determination. The Project Plans are already submitted to Los Angeles Building and Safety. Consisting of six 1+1, five 2+1, one 2+2, four 3+2 units, the Project has been designed with special attention to detail. The street-level Recreation Room may be convertible to an ADU. Three of the units will be dedicated to Extremely Low, Very Low and Low Income households. With ground-level and subterranean parking, this Project will provide 12 parking spaces. Future residents will enjoy a rooftop that will have great views of Los Angeles. The neighborhood features average household incomes above $114,000 in a 1 mile radius, showing that this area attracts a high-earning rental pool. This very central location, surrounded by a great variety of restaurants, nightlife and shopping, is a very short distance to Vons and a short drive to LACMA, The Grove and The Farmers Market, among others. The area is designated as Very Walkable by Walk Score. Easy access to 10 freeway makes this property an easy to commute around Los Angeles. Currently there is a triplex on site that will be delivered vacant.

  • December, 2019

  • Dec 28, 2019

    Date

    Expired

    CRMLS: 19486804

    $2,149,000

    Price

  • Nov 1, 2019

    Date

    Withdrawn

    CRMLS: 19486804

    $2,149,000

    Price

  • Jul 10, 2019

    Date

    Active

    CRMLS: 19486804

    $2,149,000

    Price

  • Listing provided courtesy of CRMLS

    Development opportunity to construct 16-units in the heart of Pic fair village. Project is currently going through TOC and entitlement approvals. 5 story residential over ground level parking. Units will have a projected gross income of $710,000+ annually. 3-units will be designated for Very Low income due to TOC requirements. 12 x 2-bdrm+2Bth, 4 x 3-bdrm+2Bth (loft). Plans available.

  • December, 2019

  • Dec 28, 2019

    Date

    Expired

    CRMLS: 19486766

    $2,149,000

    Price

  • Nov 1, 2019

    Date

    Withdrawn

    CRMLS: 19486766

    $2,149,000

    Price

  • Jul 10, 2019

    Date

    Active

    CRMLS: 19486766

    $2,149,000

    Price

  • Listing provided courtesy of CRMLS

    Development opportunity to construct 16-units in the heart of Pic fair village. Project is currently going through TOC and entitlement approvals. 5 story residential over ground level parking. 3-units will be designated for Very Low income due to TOC requirements. 12 x 2-bdrm+2Bth, 4 x 3-bdrm+2Bth (loft). Plans available.

  • January, 2019

  • Jan 14, 2019

    Date

    Sold

    CRMLS: 18403096

    $1,310,000

    Price

  • Dec 28, 2018

    Date

    Pending

    CRMLS: 18403096

    $1,295,000

    Price

  • Nov 1, 2018

    Date

    Active

    CRMLS: 18403096

    $1,295,000

    Price

  • Listing provided courtesy of CRMLS

    Developers take note that this property is zoned R3 on a 7,125 square foot lot. The property currently has a 33ft height limit restriction as well as a 25ft building line. The property is 100% occupied. Triplex all 1bd+1ba with the following rents: $1,280, $1,699, $1,389. Property will not be delivered vacant and buyer will be responsible for relocating tenants. Buyer must verify all information.

  • December, 2018

  • Dec 31, 2018

    Date

    Sold (Public Records)

    Public Records

    $1,310,000

    Price

  • January, 2018

  • Jan 1, 2018

    Date

    Expired

    CRMLS: 17192140

    $995,000

    Price

  • May 17, 2017

    Date

    Withdrawn

    CRMLS: 17192140

    $995,000

    Price

  • Jan 23, 2017

    Date

    Pending

    CRMLS: 17192140

    $995,000

    Price

  • Jan 11, 2017

    Date

    Active

    CRMLS: 17192140

    $995,000

    Price

  • Listing provided courtesy of CRMLS

    Developers take note that this property is zoned R3 on a 7,125 square foot lot. The property currently has a 30ft height limit restriction as well as a 25ft building line. The property is 100% occupied. Triplex all 1bd+1ba with the following rents: $1,300, $1,300, $1,600. Property will not be delivered vacant and buyer will be responsible for relocating tenants. Buyer must verify all information.

  • January, 2007

  • Jan 19, 2007

    Date

    Sold (Public Records)

    Public Records

    $725,000

    Price

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Tax History for 1450 S Orange Grove Ave

Assessed Value (2020): $1,336,200
Year Land Value Improved Value Assessed Value
2020 $1,202,580 $133,620 $1,336,200

Home Value Compared to the Market

This property vs the competition

1450 S Orange Grove Ave is listed 27.92% higher than the median list price for the city of Los Angeles which has a median list price of $1,250,000.

About 1450 S Orange Grove Ave

Detailed summary of property

1450 S Orange Grove Ave is a land located in Los Angeles, CA 90019 and is currently for sale. This land offers -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 7,125 square foot lot. 1450 S Orange Grove Ave was first listed on ArdentRealEstateGroup.com on December 4, 2023. The homeowner is currently asking $1,599,000 and was originally asking $1,769,000. The median priced home in Los Angeles is $1,250,000 with a median price per square foot of $770. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 27.92% higher than the median priced home. Local competing homes currently for sale include 8692 Franklin Ave, 1357 N Las Palmas Ave and 6212 Banner Ave. While the average home in Los Angeles, CA is selling in 100 days, 1450 S Orange Grove Ave has a days on market of 113 days. There are currently 3287 homes for sale in the Los Angeles real estate market and 2252 of them are single family homes while 954 of them are condos and 78 are townhomes. For more information on this home for sale at 1450 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 1450 S Orange Grove Ave

Public county record property details
Beds
3
Baths
3
Year built
1940
Sq. Ft.
1,896
Lot Size
7,125
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
76
APN
5068-022-031

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
$1,675,000
Median List Price/Sq.Ft.
$681
Median Sold Price
$1,425,000
Median Sold Price/Sq.Ft.
$938
Total Inventory
59
Median Sale to List Price %
97.67%
Avg Days on Market
45
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (12.5%), Other (0%)

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Related Resources to 1450 S Orange Grove Ave

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.