320 N Orange Grove Ave, Los Angeles, CA 90036

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320 N Orange Grove Ave Los Angeles, CA 90036

$2,500,000 Sold Price as of 08/26/2022

4 Beds
8 Baths
5,884 Sq.Ft.

Sold

$2,500,000 Sold Price as of 08/26/2022 Refinance Your Mortgage

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Map preview of 320 N Orange Grove Ave, Los Angeles, CA 90036

Property Overview: 320 N Orange Grove Ave Los Angeles, CA has 4 bedrooms, 8 bathrooms, 5,884 living square feet and 6,000 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Gorgeous Spanish style 8 unit building in the highly desirable prime location - Miracle Mile. This structure offers unlimited potential featuring 4 one-bedroom units and 4 studios. Parking - 4 covered spaces. Centrally located, close to restaurants and entertainment. Endless shops and eateries just steps away on Beverly and walkable to the world famous The Grove.

Listed by Ivan Estrada | BRE #01882046 | Douglas Elliman

Last checked: 14 minutes ago | Last updated: September 2nd, 2022 | Source CRMLS | DOM: 23

Home details

Lot Sq. Ft: 6,000
HOA Dues: $0/mo
Year built: 1929
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 22145823
City: Los Angeles
County: Los Angeles
Time on Site: 743 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 8
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,778
Total Rent: $1,778
Pro Forma/Market Rent: $2,800

Unit Breakdown 2

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,970
Total Rent: $1,970
Pro Forma/Market Rent: $2,800

Unit Breakdown 3

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,150
Total Rent: $2,150
Pro Forma/Market Rent: $2,800

Unit Breakdown 4

# of Units: 1
# of Beds: 0
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,235
Total Rent: $1,235
Pro Forma/Market Rent: $1,800

Unit Breakdown 5

# of Units: 1
# of Beds: 0
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,391
Total Rent: $1,391
Pro Forma/Market Rent: $1,800

Unit Breakdown 6

# of Units: 1
# of Beds: 0
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,217
Total Rent: $1,217
Pro Forma/Market Rent: $1,800

Unit Breakdown 7

# of Units: 1
# of Beds: 0
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,425
Total Rent: $1,425
Pro Forma/Market Rent: $1,800

Unit Breakdown 8

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,511
Total Rent: $1,511
Pro Forma/Market Rent: $2,800

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 14.63
Gross Scheduled Income: --
Net Operating Income: $148,511
Gross Operating Income: $154,890

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 320 N Orange Grove Ave

Interior Features

Kitchen Information

Has Appliances
Refrigerator

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking

Property Information

Total # of Units: 8
Parcel Number: 5527038019

Homeowners Association, Utilities, Taxes / Assessments

Homeowners Association

Is Not Part of Association

Location / Neighborhood

Location Information

Directions: North of Beverly Blvd, South of Oakwood Ave, West of N Fairfax Ave, East of N Ogden Dr

View more facts & features

Local Los Angeles Agent

Sale History for 320 N Orange Grove Ave

Last sold for $2,500,000 on August 26th, 2022

August, 2022
Aug 26, 2022

Date

Sold

CRMLS: 22145823

$2,500,000

Price
Apr 15, 2022

Date

Active

CRMLS: 22145823

$2,300,000

Price
February, 2020
Feb 27, 2020

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 320 N Orange Grove Ave

Assessed Value (2020): $200,337

Year	Land Value	Improved Value	Assessed Value
2020	$68,490	$131,847	$200,337

Home Value Compared to the Market

This property vs the competition

320 N Orange Grove Ave sold on August 26, 2022 for 119.05% higher than the current median sold price for the city of Los Angeles which is $1,050,000. The median sold price per/sqft for Los Angeles is $738 and this home is sold at $390.89 per/sqft which puts the price per square foot 47.03% lower than the current median sale per square foot for the city of Los Angeles.

About 320 N Orange Grove Ave

Detailed summary of property

320 N Orange Grove Ave is a multi family that recently sold in Los Angeles, CA 90036. This multi family property offered 4 bedrooms, 8 bathrooms, roughly 5,884 living square feet, and sits on an approximately 6,000 square foot lot. 320 N Orange Grove Ave was first listed on ArdentRealEstateGroup.com on April 15, 2022. The homeowner sold the property for $2,500,000. Home in Los Angeles are selling for a median price of $1,050,000 and a median price per square foot of $738. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 119.05% higher than the current median priced home. Local homes that are currently for sale include 816 S Orange Grove Ave, 812 Alandele Ave and 924 S Orange Grove Ave. While the average home in Los Angeles, CA is selling in 96 days, 320 N Orange Grove Ave has a days on market of 23 days. There are currently 3487 homes for sale in the Los Angeles real estate market and 2373 of them are single family homes while 1015 of them are condos and 93 are townhomes. For more information on this home for sale at 320 N Orange Grove Ave Los Angeles, CA 90036 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 320 N Orange Grove Ave

Public county record property details

Beds: 4
Baths: 8
Year built: 1929
Sq. Ft.: 5,884
Lot Size: 6,000
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 521,522
APN: 5527-038-019

The source for these homes facts are from public records.

90036 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,998,000

Median List Price/Sq.Ft.

$883

Median Sold Price

$742,090

Median Sold Price/Sq.Ft.

$783

Total Inventory

Median Sale to List Price %

99.08%

Avg Days on Market

Loan Type

Conventional (25%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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(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.