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6321 Orange St, Los Angeles, CA 90048
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6321 Orange St Los Angeles, CA 90048

$1,925,000 Sold Price as of 06/03/2021
  • 6 Beds
  • 6 Baths
  • 4,790 Sq.Ft.
Sold
$1,925,000 Sold Price as of 06/03/2021 Refinance Your Mortgage
Map preview of 6321 Orange St, Los Angeles, CA 90048

Property Overview: 6321 Orange St Los Angeles, CA has 6 bedrooms, 6 bathrooms, 4,790 living square feet and 6,248 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Marcus and Millichap is pleased to present a six (6) unit apartment building located at 6321Orange Street in Los Angeles, California. The subject property is situated prime Beverly Grove/Mid-City West location, north of Wilshire Blvd and east of San Vicente Blvd. Built in 1947, this offering contains a streamlined unit mix of six (6) one-bedroom/one-bathroom units. Select units have been remodeled to feature refinished hardwood floors, plantation shutters, crown moldings, well-kept carpet, fresh paint, and tiling in the bathrooms and kitchens. The bathrooms include newer vanities and fixtures and the kitchens feature newer cabinetry and granite countertops. Each unit comes fully equipped with a newer gas range (stove/oven), range hood, refrigerator, A/C wall units, and washer/dryer hookups in-unit. There is plenty of storage space in every unit with closets and built-in shelving. Tenants will enjoy the on-site and covered parking available in the back of the property. Transportation here is made easy by access to nearby transportation hubs, including the LA Metro, San Vicente Blvd, Santa Monica Blvd, S Western Ave, and 101 & 10 Freeways. Ideally positioned in the Beverly Grove/Mid-City West neighborhood, this offering presents an excellent opportunity for an astute investor to capitalize on strong rental upside and strong appreciation in premier LA.

Listed by Jason Tuvia | BRE #01772495 | Marcus & Millichap
Last checked: 14 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 158

Home details

Lot Sq. Ft
6,248
HOA Dues
$0/mo
Year built
1947
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
20649202
City
Los Angeles
County
Los Angeles
Time on Site
1213 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 6
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,684
  • Total Rent: $1,684
  • Pro Forma/Market Rent: $2,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 16.29
  • Gross Scheduled Income: --
  • Net Operating Income: $70,739
  • Gross Operating Income: $117,616
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 6321 Orange St

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Room Information
  • Flooring: Wood
Kitchen Information
  • Has Appliances
  • Built-In
Interior Features
  • Window Features: Plantation Shutters
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Covered
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 6
  • Parcel Number: 5510025004
Location / Neighborhood
Location Information
  • Directions: The subject property is situated prime Beverly Grove location, north of Wilshire Boulevard and west of North Fairfax Avenue.
View more facts & features

Local Los Angeles Agent

Sale History for 6321 Orange St

Last sold for $1,925,000 on June 3rd, 2021

  • June, 2021

  • Jun 4, 2021

    Date

    Sold

    CRMLS: 20649202

    $1,925,000

    Price

  • Mar 31, 2021

    Date

    Active Under Contract

    CRMLS: 20649202

    $1,975,000

    Price

  • Feb 27, 2021

    Date

    Price Change

    CRMLS: 20649202

    $1,975,000

    Price

  • Dec 11, 2020

    Date

    Price Change

    CRMLS: 20649202

    $2,200,000

    Price

  • Oct 23, 2020

    Date

    Active

    CRMLS: 20649202

    $2,400,000

    Price

  • March, 2014

  • Mar 7, 2014

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • May, 2005

  • May 9, 2005

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 6321 Orange St

Assessed Value (2020): $524,858
Year Land Value Improved Value Assessed Value
2020 $315,735 $209,123 $524,858

Home Value Compared to the Market

This property vs the competition

6321 Orange St sold on June 3, 2021 for 65.97% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $412.32 per/sqft which puts the price per square foot 45.39% lower than the current median sale per square foot for the city of Los Angeles.

About 6321 Orange St

Detailed summary of property

6321 Orange St is a multi family that recently sold in Los Angeles, CA 90048. This multi family property offered 6 bedrooms, 6 bathrooms, roughly 4,790 living square feet, and sits on an approximately 6,248 square foot lot. 6321 Orange St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,925,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 65.97% higher than the current median priced home. Local homes that are currently for sale include 6127 Saturn St, 1142 S Bedford St and 445 N Spaulding Ave. While the average home in Los Angeles, CA is selling in 93 days, 6321 Orange St has a days on market of 158 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 6321 Orange St Los Angeles, CA 90048 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 6321 Orange St

Public county record property details
Beds
7
Baths
6
Year built
1947
Sq. Ft.
4,790
Lot Size
6,248
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
5
APN
5510-025-004

The source for these homes facts are from public records.

90048 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,495,000
Median List Price/Sq.Ft.
$1,036
Median Sold Price
$2,275,000
Median Sold Price/Sq.Ft.
$989
Total Inventory
128
Median Sale to List Price %
91.18%
Avg Days on Market
72
Loan Type
Conventional (9.52%), FHA (0%), VA (0%), Cash (9.52%), Other (0%)

Thinking of Selling?

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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.

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