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1556 S Orange Grove Ave, Los Angeles, CA 90019
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1556 S Orange Grove Ave Los Angeles, CA 90019

$2,600,000 Sold Price as of 03/23/2022
  • 9 Beds
  • 7 Baths
  • 5,987 Sq.Ft.
Sold
$2,600,000 Sold Price as of 03/23/2022 Refinance Your Mortgage
Map preview of 1556 S Orange Grove Ave, Los Angeles, CA 90019

Property Overview: 1556 S Orange Grove Ave Los Angeles, CA has 9 bedrooms, 7 bathrooms, 5,987 living square feet and 6,885 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 1556 S Orange Grove Avenue located in Mid-city, a seven-unit apartment community. Unit 1 will be delivered vacant. The Owner has completed earthquake retrofit of the garages. Monthly capital improvement reimbursement of approximately $150/month could be added to the rental income. Located just south of Pico Blvd and East of Fairfax. The well-maintained property was built in 1961 consists of two 2 bedroom/1 bathroom units and five 1 bedroom/ 1 bath units. Two of the units were just remodeled with refinished hardwood flooring, new cabinets, quartz counters, stainless appliances. Bathrooms were remodeled with new tiled showers, floors, cabinets, quartz counters and fixtures. The subject has 5,987 of rentable sq/ft and is situated on 6,885 sq/ft lot per assessor. Separately metered for gas and electric. Excellent location minutes from Downtown LA, Beverly Hills, Culver City, and Santa Monica. Close to the Los Angeles Metro Line as well as a host of trendy restaurants, shopping and entertainment venues making it a highly desirable location to live in.

Listed by Anie Mayelian | BRE #00778825 | Equity Union
Last checked: 4 minutes ago | Last updated: March 24th, 2022 | Source CRMLS | DOM: 66

Home details

Lot Sq. Ft
6,885
HOA Dues
$0/mo
Year built
1961
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
SR21251486
City
Los Angeles
County
Los Angeles
Time on Site
1045 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 1
  • # of Electric Meters: 8
  • # of Gas Meters: 8
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: $1,850
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,840
  • Total Rent: $1,840
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,640
  • Total Rent: $1,640
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: $1,850
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,950
  • Total Rent: $1,950
  • Pro Forma/Market Rent: $2,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $158,760
  • Net Operating Income: $106,625
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $49,118
  • Electric: $0
  • Gas/Fuel: $1,632
  • Licenses: $32,500
  • Trash: $4,692
  • Gardener: $900
  • Insurance: $3,612
  • Professional Management: $0
  • Water/Sewer: $5,782

Property Details for 1556 S Orange Grove Ave

Interior Features
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
Lot Information
  • Lot Features: Lot 6500-9999
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 7
  • Parcel Number: 5068026014
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: .
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Storm Drains
View more facts & features

Local Los Angeles Agent

Sale History for 1556 S Orange Grove Ave

Last sold for $2,600,000 on March 23rd, 2022

  • January, 2022

  • Jan 25, 2022

    Date

    Active Under Contract

    CRMLS: SR21251486

    $2,600,000

    Price

  • November, 2021

  • Nov 17, 2021

    Date

    Canceled

    CRMLS: SR21247858

    $2,600,000

    Price

  • Listing provided courtesy of CRMLS

    1556 S Orange Grove Avenue located in Mid-city, a seven-unit apartment community. Owner will carry financing with 33% down payment. Unit 1 will be delivered vacant. The Owner has completed earthquake retrofit of the garages. Monthly capital improvement reimbursement of approximately $150/month could be added to the rental income. Located just south of Pico Blvd and East of Fairfax. The well-maintained property was built in 1961 consists of two 2 bedroom/1 bathroom units and five 1 bedroom/ 1 bath units. Two of the units were just remodeled with refinished hardwood flooring, new cabinets, quartz counters, stainless appliances. Bathrooms were remodeled with new tiled showers, floors, cabinets, quartz counters and fixtures. The subject has 5,987 of rentable sq/ft and is situated on 6,885 sq/ft lot per assessor. Separately metered for gas and electric. Excellent location minutes from Downtown LA, Beverly Hills, Culver City, and Santa Monica. Close to the Los Angeles Metro Line, as well as a host of trendy restaurants, shopping and entertainment venues making it a highly desirable location to live in.

  • November, 2021

  • Nov 17, 2021

    Date

    Canceled

    CRMLS: SR21230822

    $2,600,000

    Price

  • Oct 22, 2021

    Date

    Active

    CRMLS: SR21230822

    $2,600,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to present the opportunity to acquire 1556 S Orange Grove Avenue, a seven-unit apartment community in Mid-City. 2 units can be delivered vacant which will enhance the gross income to $168,960 and the Cap Rate to 4.4%. The Owner has completed earthquake retrofit of the garages. Monthly capital improvement reimbursement of approximately $150/month could be added to the rental income. Located just south of Pico Blvd and East of Fairfax. The well-maintained property was built in 1961 consists of two 2 bedroom/1 bathroom units and five 1 bedroom/ 1 bath units. Two of the units were just remodeled with refinished hardwood flooring, new cabinets, quartz counters, stainless appliances. Bathrooms were remodeled with new tiled showers, floors, cabinets, quartz counters and fixtures. The subject has 5,987 of rentable sq/ft and is situated on 6,885 sq/ft lot per assessor. Separately metered for gas and electric. Excellent location minutes from Downtown LA, Beverly Hills, Culver City, and Santa Monica. Close to the Los Angeles Metro Line, as well as a host of trendy restaurants, shopping and entertainment venues making it a highly desirable location to live in.

  • October, 2021

  • Oct 22, 2021

    Date

    Canceled

    CRMLS: SR21202935

    $2,600,000

    Price

  • Sep 15, 2021

    Date

    Active

    CRMLS: SR21202935

    $2,600,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to present the opportunity to acquire 1556 S Orange Grove Avenue, a seven-unit apartment community in Mid-City. 2 units can be delivered vacant which will enhance the gross income to $168,960. Located just South of Pico Blvd and East of Fairfax. The well-maintained property was built in 1961 consists of two 2 bedroom/1 bathroom units and five 1 bedroom/ 1 bathroom units. 2 of the units were just remodeled with refinished hardwood flooring, new cabinets, quartz counters, stainless appliances. Bathrooms were remodeled with new tiled showers, floors, cabinets, quartz counters and fixtures. The subject has 5,987 of rentable sq/ft and is situated on 6,885 sq/ft lot per assessor. The owner has completed earthquake retrofit of the garages. Separately metered for gas and electric. Excellent location minutes from Downtown LA, Beverly Hills, Culver City, and Santa Monica. Close to the Los Angeles Metro Line, as well as a host of trendy restaurants, shopping and entertainment venues making it a highly desirable location to live in.

  • September, 2021

  • Sep 15, 2021

    Date

    Canceled

    CRMLS: SR21170317

    $2,600,000

    Price

  • Aug 4, 2021

    Date

    Active

    CRMLS: SR21170317

    $2,600,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to present the opportunity to acquire 1556 S Orange Grove Avenue, a seven-unit apartment community in Mid-City. 2 units can be delivered vacant which will enhance the gross income to $168,960. Located just south of Pico Blvd and East of Fairfax. The well-maintained property was built in 1961 consists of two 2 bedroom/1 bathroom units and five 1 bedroom/ 1 bathroom units. 2 of the units were just remodeled with refinished hardwood flooring, new cabinets, quartz counters, stainless appliances. Bathrooms were remodeled with new tiled showers, floors, cabinets, quartz counters and fixtures. The subject has 5,987 of rentable sq/ft and is situated on 6,885 sq/ft lot per assessor. The owner has completed earthquake retrofit of the garages. Separately metered for gas and electric. Excellent location minutes from Downtown LA, Beverly Hills, Culver City, and Santa Monica. Close to the Los Angeles Metro Line, as well as a host of trendy restaurants, shopping and entertainment venues making it a highly desirable location to live in.

  • August, 2020

  • Aug 10, 2020

    Date

    Sold

    CRMLS: 20558744

    $2,100,000

    Price

  • Mar 20, 2020

    Date

    Pending

    CRMLS: 20558744

    $2,350,000

    Price

  • Feb 27, 2020

    Date

    Active

    CRMLS: 20558744

    $2,350,000

    Price

  • Listing provided courtesy of CRMLS

    The offering is a 5,987 Square foot, 7 Unit apartment building featuring Two 2 Bedroom/1.25 Bathrooms & Five 1 Bedroom/ 1 Bathroom units. With approximately 28% upside in market rents, this offering will allows an investor a unique opportunity to add value to an already well maintained apartment building.

  • July, 2020

  • Jul 30, 2020

    Date

    Sold (Public Records)

    Public Records

    $2,100,000

    Price

  • September, 2018

  • Sep 24, 2018

    Date

    Leased

    CRMLS: PW18109736

    $1,850

    Price

  • Aug 24, 2018

    Date

    Price Change

    CRMLS: PW18109736

    $1,850

    Price

  • Aug 16, 2018

    Date

    Price Change

    CRMLS: PW18109736

    $1,795

    Price

  • May 10, 2018

    Date

    Active

    CRMLS: PW18109736

    $1,825

    Price

  • Listing provided courtesy of CRMLS

    "Downstairs" Single Level One Bedroom in a Wonderful Well Kept Building!!! Owner has kept this entire 7-unit updated and upgraded. This downstairs unit features newer windows throughout and ceiling fans in bedroom and dining area. Features Newer Real Hardwood Floors Throughout! Windows have plantations shutters and unit has a newer wall air conditioning unit. ****Comes with a refrigerator***Assigned parking and coined laundry are on-site and are located in the rear of the unit. Property sits on a residential street among many single family homes. Near great shopping, hospital and freeway! Totally turnkey and ***Available June 1, 2018. Sorry No Pets.

  • April, 2018

  • Apr 24, 2018

    Date

    Leased

    CRMLS: PW17258404

    $1,800

    Price

  • Mar 29, 2018

    Date

    Price Change

    CRMLS: PW17258404

    $1,800

    Price

  • Nov 15, 2017

    Date

    Active

    CRMLS: PW17258404

    $1,850

    Price

  • Listing provided courtesy of CRMLS

    Beautiful One Bedroom in a Wonderful Well Kept Building!!! Owner has kept this entire 7-unit updated and upgraded. NEW REFRIGERATOR PROVIDED IF NEEDED. This upstairs unit features newer windows throughout and ceiling fans in bedroom and dining area. Features Real Hardwood Floors! Windows have plantations shutters and unit has a newer wall air conditioning unit. Assigned parking and coined laundry are on-site and are located in the rear of the unit. Property sits on a residential street among single family homes. Near great shopping, hospital and freeway! Totally turnkey and ***Available Feb 1, 2018. Sorry No Pets.

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Tax History for 1556 S Orange Grove Ave

Assessed Value (2020): $477,295
Year Land Value Improved Value Assessed Value
2020 $317,035 $160,260 $477,295

Home Value Compared to the Market

This property vs the competition

1556 S Orange Grove Ave sold on March 23, 2022 for 132.14% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $434.27 per/sqft which puts the price per square foot 40.02% lower than the current median sale per square foot for the city of Los Angeles.

About 1556 S Orange Grove Ave

Detailed summary of property

1556 S Orange Grove Ave is a multi family that recently sold in Los Angeles, CA 90019. This multi family property offered 9 bedrooms, 7 bathrooms, roughly 5,987 living square feet, and sits on an approximately 6,885 square foot lot. 1556 S Orange Grove Ave was first listed on ArdentRealEstateGroup.com on November 18, 2021. The homeowner sold the property for $2,600,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 132.14% higher than the current median priced home. Local homes that are currently for sale include 1526 S Wooster St, 6216 W 6th St and 712 S Stanley Ave. While the average home in Los Angeles, CA is selling in 106 days, 1556 S Orange Grove Ave has a days on market of 66 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. For more information on this home for sale at 1556 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 1556 S Orange Grove Ave

Public county record property details
Beds
9
Baths
9
Year built
1961
Sq. Ft.
5,987
Lot Size
6,885
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
69
APN
5068-026-014

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
$1,399,999
Median List Price/Sq.Ft.
$702
Median Sold Price
$1,277,500
Median Sold Price/Sq.Ft.
$715
Total Inventory
94
Median Sale to List Price %
98.65%
Avg Days on Market
29
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (20%)

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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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