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1508 S Orange Grove Ave, Los Angeles, CA 90019
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1508 S Orange Grove Ave Los Angeles, CA 90019

$2,137,500 Sold Price as of 11/02/2021
  • -- Beds
  • -- Baths
  • 5,557 Sq.Ft.
Sold
$2,137,500 Sold Price as of 11/02/2021 Refinance Your Mortgage
Map preview of 1508 S Orange Grove Ave, Los Angeles, CA 90019

Property Overview: 1508 S Orange Grove Ave Los Angeles, CA has -- bedrooms, -- bathrooms, 5,557 living square feet and 6,884 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Fantastic PicFair Mid-City 7 unit building. 5 out of 7 units will be delivered vacant at the close of escrow. Upside opportunities with laundry services, parking and 4 1-car garages. Soft Fit retro plans approved.

Listed by | BRE #01323743 | YBi Realty
Last checked: 8 minutes ago | Last updated: June 6th, 2023 | Source CRMLS | DOM: 46

Home details

Lot Sq. Ft
6,884
HOA Dues
$0/mo
Year built
1955
Garage
--
Property Type:
Other
Status
Sold
MLS#
21755622
City
Los Angeles
County
Los Angeles
Time on Site
339 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 1
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.2%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $130,368
  • Net Operating Income: $85,366
  • Gross Operating Income: --
  • Laundry Income: $1,200
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1508 S Orange Grove Ave

Interior Features
Cooling Information
  • No Cooling
Heating Information
  • No Heating
  • Natural Gas
Interior Features
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Composition
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
Lot Information
  • Lot Features: Back Yard, Front Yard, Rectangular Lot, Lot 6500-9999, Level with Street
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 7
  • Parcel Number: 5068026028
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
  • Utilities: Natural Gas Available
Location / Neighborhood
Location Information
  • Directions: Major cross street is Pico Blvd and Fairfax blvd. Orange Grove is one block east of Fairfax on Pico. Go north on Orange Grove one block to 1508 Orange Grove.
View more facts & features

Local Los Angeles Agent

Sale History for 1508 S Orange Grove Ave

Last sold for $2,137,500 on November 2nd, 2021

  • November, 2021

  • Nov 2, 2021

    Date

    Sold

    CRMLS: 21755622

    $2,137,500

    Price

  • Jun 8, 2021

    Date

    Active

    CRMLS: 21755622

    $2,778,000

    Price

Tax History for 1508 S Orange Grove Ave

Assessed Value (2020): $165,882
Year Land Value Improved Value Assessed Value
2020 $35,353 $130,529 $165,882

Home Value Compared to the Market

This property vs the competition

1508 S Orange Grove Ave sold on November 2, 2021 for 133.45% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $499.91 per/sqft which puts the price per square foot 33.79% lower than the current median sale per square foot for the city of Los Angeles.

About 1508 S Orange Grove Ave

Detailed summary of property

1508 S Orange Grove Ave is a other that recently sold in Los Angeles, CA 90019. This property offered -- bedrooms, -- bathrooms, roughly 5,557 living square feet, and sits on an approximately 6,884 square foot lot. 1508 S Orange Grove Ave was first listed on ArdentRealEstateGroup.com on June 5, 2023. The homeowner sold the property for $2,137,500. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 133.45% higher than the current median priced home. Local homes that are currently for sale include 12495 Greene Ave, 7051 3rd Ave and 1442 W Slauson Ave. While the average home in Los Angeles, CA is selling in 94 days, 1508 S Orange Grove Ave has a days on market of 46 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 1508 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 1508 S Orange Grove Ave

Public county record property details
Beds
9
Baths
7
Year built
1955
Sq. Ft.
5,557
Lot Size
6,884
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
140
APN
5068-026-028

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.
$696
Median Sold Price
$1,620,000
Median Sold Price/Sq.Ft.
$777
Total Inventory
67
Median Sale to List Price %
95.58%
Avg Days on Market
21
Loan Type
Conventional (18.18%), FHA (0%), VA (0%), Cash (9.09%), Other (9.09%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(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.

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