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1509 S Orange Grove Ave, Los Angeles, CA 90019
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1509 S Orange Grove Ave Los Angeles, CA 90019

$2,685,000 Sold Price as of 04/07/2022
  • 53 Beds
  • 36 Baths
  • 6,154 Sq.Ft.
Sold
$2,685,000 Sold Price as of 04/07/2022 Refinance Your Mortgage
Map preview of 1509 S Orange Grove Ave, Los Angeles, CA 90019

Property Overview: 1509 S Orange Grove Ave Los Angeles, CA has 53 bedrooms, 36 bathrooms, 6,154 living square feet and 6,886 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present Villa Orange Grove. Located Just South of Pico Boulevard, and just East of Fairfax, Villa Orange Grove offers its residents a uniquely convenient, strategic location, offering its residences a very short drive to Beverly Hills, West Hollywood, Culver City & West LA. Villa Orange Grove consists of (3) two bedroom one bathroom residences, (4) one bedroom one bathroom residences & (1) studio residence. There is a quiet common area back patio, offering the residents outdoor space to enjoy within their own community. Mandated seismic work has already been completed. The astute investor will quickly recognize that Villa Orange Grove provides its occupants well appointed housing, in a warm, secure setting, and a second to none, easily get anywhere location. This is a unique opportunity to own a charming asset with rental upside in an great Wilshire Vista/Picfair location. Wilshire Vista/Picfair is known for its charming, high character real estate, its convenient location, and abundance of Los Angeles Culture.

Listed by Glenn Brander | BRE #01020228 | Miller & Desatnik Realty Co.
Last checked: 6 minutes ago | Last updated: April 8th, 2022 | Source CRMLS | DOM: 21

Home details

Lot Sq. Ft
6,886
HOA Dues
$0/mo
Year built
1955
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
22119695
City
Los Angeles
County
Los Angeles
Time on Site
896 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,003
  • Total Rent: $1,003
  • Pro Forma/Market Rent: $2,045
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,395
  • Total Rent: $2,395
  • Pro Forma/Market Rent: $2,695
Unit Breakdown 3
  • # of Units: 5
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,558
  • Total Rent: $1,558
  • Pro Forma/Market Rent: $2,045
Unit Breakdown 4
  • # of Units: 6
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,584
  • Total Rent: $1,584
  • Pro Forma/Market Rent: $2,695
Unit Breakdown 5
  • # of Units: 7
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,895
  • Total Rent: $1,895
  • Pro Forma/Market Rent: $2,045
Unit Breakdown 6
  • # of Units: 8
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,695
  • Total Rent: $2,695
  • Pro Forma/Market Rent: $2,695
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,350
  • Total Rent: $1,350
  • Pro Forma/Market Rent: $1,595
Unit Breakdown 8
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,695
  • Total Rent: $1,695
  • Pro Forma/Market Rent: $2,045
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 15.97
  • Gross Scheduled Income: --
  • Net Operating Income: $101,430
  • Gross Operating Income: $171,885
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1509 S Orange Grove Ave

Interior Features
Room Information
  • Flooring: Wood
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Microwave
Interior Features
  • Ceiling Fan(s)
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 10
  • No
  • Parking Features: None
Property Information
  • Total # of Units: 8
  • Parcel Number: 5068023023
Location / Neighborhood
Location Information
  • Directions: South Of Pico, East Of Fairfax
View more facts & features

Local Los Angeles Agent

Sale History for 1509 S Orange Grove Ave

Last sold for $2,685,000 on April 7th, 2022

  • April, 2022

  • Apr 7, 2022

    Date

    Sold

    CRMLS: 22119695

    $2,685,000

    Price

  • Jan 17, 2022

    Date

    Active

    CRMLS: 22119695

    $2,745,000

    Price

  • September, 2020

  • Sep 1, 2020

    Date

    Expired

    CRMLS: 20564806

    $1,799

    Price

  • Aug 14, 2020

    Date

    Price Change

    CRMLS: 20564806

    $1,799

    Price

  • Jul 3, 2020

    Date

    Price Change

    CRMLS: 20564806

    $1,899

    Price

  • May 19, 2020

    Date

    Price Change

    CRMLS: 20564806

    $1,995

    Price

  • Mar 17, 2020

    Date

    Active

    CRMLS: 20564806

    $2,050

    Price

  • Listing provided courtesy of CRMLS

    Amazing unit in a great location by Fairfax and Pico! This spacious 1 bedroom and 1 bath unit comes with a parking spot and on-site laundry. Minimum 1 year lease. Available for move-in now!

  • December, 2015

  • Dec 30, 2015

    Date

    Sold (Public Records)

    Public Records

    $1,948,000

    Price

  • June, 1999

  • Jun 25, 1999

    Date

    Sold (Public Records)

    Public Records

    $380,000

    Price

Show More

Tax History for 1509 S Orange Grove Ave

Assessed Value (2020): $2,108,250
Year Land Value Improved Value Assessed Value
2020 $1,323,272 $784,978 $2,108,250

Home Value Compared to the Market

This property vs the competition

1509 S Orange Grove Ave sold on April 7, 2022 for 115.46% 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 $446.05 per/sqft which puts the price per square foot 43.61% lower than the current median sale per square foot for the city of Los Angeles.

About 1509 S Orange Grove Ave

Detailed summary of property

1509 S Orange Grove Ave is a multi family that recently sold in Los Angeles, CA 90019. This multi family property offered 53 bedrooms, 36 bathrooms, roughly 6,154 living square feet, and sits on an approximately 6,886 square foot lot. 1509 S Orange Grove Ave was first listed on ArdentRealEstateGroup.com on January 19, 2022. The homeowner sold the property for $2,685,000. 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 115.46% higher than the current median priced home. Local homes that are currently for sale include 8256 Blackburn Ave, 4821 San Vicente Blvd and 4817 St Charles Pl. While the average home in Los Angeles, CA is selling in 100 days, 1509 S Orange Grove Ave has a days on market of 21 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 1509 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 1509 S Orange Grove Ave

Public county record property details
Beds
10
Baths
9
Year built
--
Sq. Ft.
6,154
Lot Size
6,885
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
141
APN
5068-023-023

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
$1,399,000
Median List Price/Sq.Ft.
$690
Median Sold Price
$1,935,500
Median Sold Price/Sq.Ft.
$855
Total Inventory
79
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%)

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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