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1525 S Orange Grove Ave, Los Angeles, CA 90019
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1525 S Orange Grove Ave Los Angeles, CA 90019

$2,095,000
  • 8 Beds
  • 4 Baths
  • 4,106 Sq.Ft.
For Sale
$2,095,000 Get Pre-Qualified
Map preview of 1525 S Orange Grove Ave, Los Angeles, CA 90019

Property Overview: 1525 S Orange Grove Ave Los Angeles, CA has 8 bedrooms, 4 bathrooms, 4,106 living square feet and 6,888 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: Charming Spanish fourplex in the desirable Beverly Center/ Miracle mile area. The building consists of four two bedroom, one bath apartments. One unit delivered vacant. Private garages for each unit. Numerous upgrades to all units while keeping the character and charm with arched ceilings and great layouts. Hard wood floors, Laundry in all units, individually metered, Granite counters and stainless steel appliances remodeled units with potential to increase income to $156,000. Current Net Income $101,664 with CAP of 4.8 and GRM of 15. Great owner user or Impressive Investor rental in highly desirable area 2 minutes to LACMA and 7 to drive to Beverly Hills.

Listed by James Allan | BRE #01180635 | Compass
Last checked: 9 minutes ago | Last updated: June 27th, 2024 | Source CRMLS | DOM: 4
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Home details

Lot Sq. Ft
6,888
HOA Dues
$0/mo
Year built
1928
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24408875
City
Los Angeles
County
Los Angeles
Time on Site
3 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,369
  • Total Rent: $2,369
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,895
  • Total Rent: $2,895
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,895
  • Total Rent: $2,895
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,500
  • Total Rent: $3,500
  • Pro Forma/Market Rent: $3,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.84%
  • Gross Rent Multiplier: 15
  • Gross Scheduled Income: --
  • Net Operating Income: $101,664
  • Gross Operating Income: $139,914
Annual Expense Breakdown
  • Total Operating Expense: --
  • Electric: $2,400
  • New Taxes: $26,250
  • Gardener: $2,400
  • Insurance: $4,800
  • Water/Sewer: $2,400

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Property Details for 1525 S Orange Grove Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
  • Dishwasher, Microwave
Interior Features
  • Ceiling Fan(s)
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Garage, Private
Property Information
  • Total # of Units: 4
  • Parcel Number: 5068023003
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: South of Pico, East of Fairfax
View more facts & features

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Sale History for 1525 S Orange Grove Ave

Last sold for $755,000 on February 9th, 2010

  • June, 2024

  • Jun 27, 2024

    Date

    Active

    CRMLS: 24408875

    $2,095,000

    Price

  • November, 2017

  • Nov 18, 2017

    Date

    Expired

    CRMLS: 17232186

    $2,295

    Price

  • Jun 22, 2017

    Date

    Withdrawn

    CRMLS: 17232186

    $2,295

    Price

  • May 17, 2017

    Date

    Active

    CRMLS: 17232186

    $2,295

    Price

  • Listing provided courtesy of CRMLS

    Beautiful 2 bed & 1 bath Italian Villa style apt is part of a stunning 4 unit apt complex with an Italian garden in front. An old world front door welcomes you inside to spacious rooms, custom light fixtures, crown and base moulding throughout. The kitchen has custom cabinetry, granite counters, stainless steel oven, microwave and dishwasher. The bathroom has been tiled to resemble a grand Italian estate and includes a beautiful chandelier. This unit also comes with washer/dryer hookups for your convenience.Street parking only, however the unit comes with storage space.

  • September, 2017

  • Sep 8, 2017

    Date

    Expired

    CRMLS: 17248828

    $2,295

    Price

  • Jul 24, 2017

    Date

    Withdrawn

    CRMLS: 17248828

    $2,295

    Price

  • Jul 7, 2017

    Date

    Active

    CRMLS: 17248828

    $2,295

    Price

  • Listing provided courtesy of CRMLS

    Beautiful 2 bed & 1 bath Italian Villa style apt is part of a stunning 4 unit apt complex with an Italian garden in front. An old world front door welcomes you inside to spacious rooms, custom light fixtures, crown and base moulding throughout. The kitchen as custom cabinetry, granite counters, stainless steel oven, microwave and dishwasher. The bathroom has been tiled to resemble a grand Italian estate and includes a beautiful chandelier. This unit also comes with washer/dryer hookups. Street parking only, however this unit comes with storage space.

  • February, 2010

  • Feb 9, 2010

    Date

    Sold (Public Records)

    Public Records

    $755,000

    Price

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Tax History for 1525 S Orange Grove Ave

Assessed Value (2020): $902,918
Year Land Value Improved Value Assessed Value
2020 $472,114 $430,804 $902,918

Home Value Compared to the Market

This property vs the competition

1525 S Orange Grove Ave is listed 69.5% higher than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $775 and this home is listed at $510.23 per/sqft which puts the price per square foot 34.16% lower than the median price per square foot for the city of Los Angeles.

About 1525 S Orange Grove Ave

Detailed summary of property

1525 S Orange Grove Ave is a multi family located in Los Angeles, CA 90019 and is currently for sale. This multi family property offers 8 bedrooms, 4 bathrooms, roughly 4,106 living square feet, and sits on an approximately 6,888 square foot lot. 1525 S Orange Grove Ave was first listed on ArdentRealEstateGroup.com on June 27, 2024. The homeowner is currently asking $2,095,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $775. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 69.5% higher than the median priced home. Local competing homes currently for sale include 1243 S La Cienega Blvd, 1228 S Burnside Ave and 6706 W Olympic Blvd. While the average home in Los Angeles, CA is selling in 99 days, 1525 S Orange Grove Ave has a days on market of 4 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 1525 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 1525 S Orange Grove Ave

Public county record property details
Beds
8
Baths
4
Year built
1928
Sq. Ft.
4,106
Lot Size
6,885
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
80
APN
5068-023-003

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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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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