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415 N Orange Grove Ave, Los Angeles, CA 90036
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415 N Orange Grove Ave Los Angeles, CA 90036

$5,800,000 Sold Price as of 12/12/2022
  • 16 Beds
  • 16 Baths
  • 12,818 Sq.Ft.
Sold
$5,800,000 Sold Price as of 12/12/2022 Refinance Your Mortgage
Map preview of 415 N Orange Grove Ave, Los Angeles, CA 90036

Property Overview: 415 N Orange Grove Ave Los Angeles, CA has 16 bedrooms, 16 bathrooms, 12,818 living square feet and 12,890 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are proud to present 415 N Orange Grove Avenue in the historic Beverly Fairfax district of Los Angeles. This unique, 2 story, 16-unit neo-Italianate value-add opportunity boasts a sunny central courtyard and building character features such as Mediterranean archways and tiling throughout. A rare and stunning property with an incredible walking score of 96, this treasure is a one-of-a-kind offering. 415 N Orange Grove Ave is a proud resident of the upscale mid-Wilshire district, itself the 6th most walkable neighborhood in Los Angeles. The 12,890 square foot property includes 10 individual garage parking spaces on-site, is zoned LARD 1.5-1-O, and multiple 1+1 layouts. Another standout of this property is that its a potential Mills Act candidate, offering the lucky purchaser possible tax benefits for its historic characteristics. The building units are full of natural light, with nearly floor to ceiling windows, hardwood floors, original tiling and molding. The property is separately metered for gas and electric. The building is blocks from Los Angeles attraction The Grove and its world-renowned Farmer's Market, and steps from the intersection of Beverly Boulevard and Fairfax Avenue, a bustling and lively cultural hub. With close walking proximity to offerings like Erewhon Market, Jon and Vinny's, Supreme, and Canter's Deli, 415 N Orange Grove Ave is a pedestrian's dream. Nearby parks include Rosewood Park, Gilmore Stadium (historical), and Gilmore Field (historical).

Listed by Matthew R. Kanner | BRE #01349203 | Keller Williams Realty Los Feliz
Last checked: 2 minutes ago | Last updated: December 17th, 2022 | Source CRMLS | DOM: 92

Home details

Lot Sq. Ft
12,890
HOA Dues
$0/mo
Year built
1931
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22171425
City
Los Angeles
County
Los Angeles
Time on Site
669 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 16
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 16
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,093
  • Total Rent: $33,495
  • Pro Forma/Market Rent: $46,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 15.66
  • Gross Scheduled Income: --
  • Net Operating Income: $237,377
  • Gross Operating Income: $390,225
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 415 N Orange Grove Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace, Gravity
Interior Features
  • Ceiling Fan(s)
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 10
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 16
  • Parcel Number: 5527030012
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: The building is 2 blocks east of Fairfax Ave, 2 blocks north of Beverly Blvd, and 4 blocks south of Melrose Ave.
View more facts & features

Local Los Angeles Agent

Sale History for 415 N Orange Grove Ave

Last sold for $5,800,000 on December 12th, 2022

  • December, 2022

  • Dec 12, 2022

    Date

    Sold

    CRMLS: 22171425

    $5,800,000

    Price

  • Jun 28, 2022

    Date

    Active

    CRMLS: 22171425

    $6,350,000

    Price

  • June, 1996

  • Jun 4, 1996

    Date

    Sold (Public Records)

    Public Records

    $465,000

    Price

Show More

Tax History for 415 N Orange Grove Ave

Assessed Value (2020): $1,020,353
Year Land Value Improved Value Assessed Value
2020 $312,767 $707,586 $1,020,353

Home Value Compared to the Market

This property vs the competition

415 N Orange Grove Ave sold on December 12, 2022 for 500% 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 $491.5 per/sqft which puts the price per square foot 33.4% lower than the current median sale per square foot for the city of Los Angeles.

About 415 N Orange Grove Ave

Detailed summary of property

415 N Orange Grove Ave is a multi family that recently sold in Los Angeles, CA 90036. This multi family property offered 16 bedrooms, 16 bathrooms, roughly 12,818 living square feet, and sits on an approximately 12,890 square foot lot. 415 N Orange Grove Ave was first listed on ArdentRealEstateGroup.com on June 28, 2022. The homeowner sold the property for $5,800,000. 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 500% higher than the current median priced home. Local homes that are currently for sale include 9741 W Pico Blvd, 2016 N Vista Del Mar Ave and 722 S Manhattan Pl. While the average home in Los Angeles, CA is selling in 96 days, 415 N Orange Grove Ave has a days on market of 92 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 415 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 415 N Orange Grove Ave

Public county record property details
Beds
16
Baths
16
Year built
1931
Sq. Ft.
12,818
Lot Size
12,889
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
554,555
APN
5527-030-012

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
52
Median Sale to List Price %
99.08%
Avg Days on Market
35
Loan Type
Conventional (25%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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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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