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1522 S Orange Grove Ave, Los Angeles, CA 90019
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1522 S Orange Grove Ave Los Angeles, CA 90019

$12,400,000 Sold Price as of 01/29/2020
  • 40 Beds
  • 35 Baths
  • -- Sq.Ft.
Sold
$12,400,000 Sold Price as of 01/29/2020 Refinance Your Mortgage
Map preview of 1522 S Orange Grove Ave, Los Angeles, CA 90019

Property Overview: 1522 S Orange Grove Ave Los Angeles, CA has 40 bedrooms, 35 bathrooms, -- living square feet and -- square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Welcome to Villas at Orange Grove, a 2019 built high-end new construction multi-housing asset just completed and ready for lease up. Built by a highly regarded architect and developer of multi-family as well as multi-million dollar homes in Bel Air and Brentwood, this 17 unit property features an excellent mix of two and three bedroom units, all which feature in-unit washer/dryers, central AC and heat, modern kitchens completed with stainless steel appliances, high ceilings, Milgard windows and sliders and tankless water heaters. Separately metered for gas, electricity and water, this beautifully designed property features large walk out patios on the 1st floor and all units on the 3rd floor as well as roof top deck boast unparalleled views of Century City to the West and Downtown Los Angeles and Hollywood to the East and North. The property has 34 subterranean gated parking spaces, a finished rooftop deck with 360 degree views of all of Los Angeles with elevator access.

Listed by Dana Brody | BRE #01429001 | Dana Brody
Co-listed by Dana Brody | BRE #01429001 | Dana Brody
Last checked: 1 minute ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 88

Home details

Lot Sq. Ft
--
HOA Dues
$0/mo
Year built
2019
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19513590
City
Los Angeles
County
Los Angeles
Time on Site
1267 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 17
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 11
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $4,160
  • Total Rent: $45,741
  • Pro Forma/Market Rent: $45,741
Unit Breakdown 2
  • # of Units: 5
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $4,790
  • Total Rent: $23,969
  • Pro Forma/Market Rent: $23,969
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Actual Rent: $4,592
  • Total Rent: $4,592
  • Pro Forma/Market Rent: $4,592
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 14.5
  • Gross Scheduled Income: --
  • Net Operating Income: $556,199
  • Gross Operating Income: $891,636
Annual Expense Breakdown
  • Total Operating Expense: --
  • Trash: $12,500
  • Insurance: $15,000
  • Maintenance: $13,290
  • Professional Management: $35,665
  • Water/Sewer: $12,000

Property Details for 1522 S Orange Grove Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Interior Features
  • Security Features: 24 Hour Security
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Subterranean
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 17
  • Parcel Number: UNAVAILABLE
Location / Neighborhood
Location Information
  • Directions: One block East of Fairfax, Two Blocks South of Pico
View more facts & features

Local Los Angeles Agent

Sale History for 1522 S Orange Grove Ave

Last sold for $12,400,000 on January 29th, 2020

  • October, 2020

  • Oct 2, 2020

    Date

    Expired

    CRMLS: 20554758

    $3,695

    Price

  • Aug 5, 2020

    Date

    Price Change

    CRMLS: 20554758

    $3,695

    Price

  • Jun 10, 2020

    Date

    Price Change

    CRMLS: 20554758

    $3,495

    Price

  • Apr 30, 2020

    Date

    Price Change

    CRMLS: 20554758

    $3,695

    Price

  • Feb 19, 2020

    Date

    Active

    CRMLS: 20554758

    $4,100

    Price

  • Listing provided courtesy of CRMLS

    Brand New Construction Luxury Units in Faircrest Heights! Ace on Orange Grove offers a collection of 17 distinct luxury residences with huge rooftop deck. Newly built our residences offer the newest in Smart Home technology and tasteful custom finishes. Our spacious 2 and 3 bedroom residences offer residents breathtaking views, lush landscaping, and high-end design in a quiet neighborhood of tree-lined streets and green grass lawns. Beverly Hills, The Grove, Larchmont Village and Beverly Center are just minutes away. Ace on Orange Grove is conveniently located within blocks of convenient stores, trendy restaurants, cafes and entertainment including CVS, Vons, Green Table Caf and Paper or Plastik Caf. We are offering move in concessions! 2 bedroom rents range from $3695-$4650 depending on views, layout, and size of patio or balcony! 3 bedroom rents range from $3850-$4300 depending on views, layout, number of bathrooms, and size of patio or balcony!

  • October, 2020

  • Oct 2, 2020

    Date

    Expired

    CRMLS: 20554762

    $3,850

    Price

  • Aug 5, 2020

    Date

    Withdrawn

    CRMLS: 20554762

    $3,850

    Price

  • Jun 10, 2020

    Date

    Price Change

    CRMLS: 20554762

    $3,850

    Price

  • Apr 30, 2020

    Date

    Price Change

    CRMLS: 20554762

    $4,150

    Price

  • Feb 19, 2020

    Date

    Active

    CRMLS: 20554762

    $4,600

    Price

  • Listing provided courtesy of CRMLS

    Brand New Construction Luxury Units in Faircrest Heights! Ace on Orange Grove offers a collection of 17 distinct luxury residences with huge rooftop deck. Newly built our residences offer the newest in Smart Home technology and tasteful custom finishes. Our spacious 2 and 3 bedroom residences offer residents breathtaking views, lush landscaping, and high-end design in a quiet neighborhood of tree-lined streets and green grass lawns. Beverly Hills, The Grove, Larchmont Village and Beverly Center are just minutes away. Ace on Orange Grove is conveniently located within blocks of convenient stores, trendy restaurants, cafes and entertainment including CVS, Vons, Green Table Caf and Paper or Plastik Caf. We are offering move in concessions! 2 bedroom rents range from $3495-$4650 depending on views, layout, and size of patio or balcony! 3 bedroom rents range from $3850-$4300 depending on views, layout, number of bathrooms, and size of patio or balcony!

  • January, 2020

  • Jan 30, 2020

    Date

    Sold

    CRMLS: 19513590

    $12,400,000

    Price

  • Dec 21, 2019

    Date

    Pending

    CRMLS: 19513590

    $13,000,000

    Price

  • Sep 23, 2019

    Date

    Active

    CRMLS: 19513590

    $13,000,000

    Price

Show More

Tax History for 1522 S Orange Grove Ave

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

1522 S Orange Grove Ave sold on January 29, 2020 for 920.41% higher than the current median sold price for the city of Los Angeles which is $1,274,000.

About 1522 S Orange Grove Ave

Detailed summary of property

1522 S Orange Grove Ave is a multi family that recently sold in Los Angeles, CA 90019. This multi family property offered 40 bedrooms, 35 bathrooms, roughly -- living square feet, and sits on an approximately -- square foot lot. 1522 S Orange Grove Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $12,400,000. 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 920.41% higher than the current median priced home. Local homes that are currently for sale include 245 S Reno St, 265 N Oakland Ave and 2611 E Broadway. While the average home in Los Angeles, CA is selling in 100 days, 1522 S Orange Grove Ave has a days on market of 88 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 1522 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 1522 S Orange Grove Ave

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

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%)

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Recently Sold Homes Near 1522 S Orange Grove Ave

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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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