6517 Orange St Los Angeles, CA 90048

$2,100,000 Sold Price as of 09/17/2020

8 Beds
4 Baths
4,232 Sq.Ft.

Off Market

$2,100,000 Sold Price as of 09/17/2020 Refinance Your Mortgage

Map preview of 6517 Orange St, Los Angeles, CA 90048

Property Overview: 6517 Orange St Los Angeles, CA has 8 bedrooms, 4 bathrooms, 4,232 living square feet and 6,250 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

6517 Orange St is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $771. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $240,000 for the down payment and will need roughly $24,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 6517 Orange St

Last sold for $2,100,000 on September 17th, 2020

November, 2022
Nov 26, 2022

Date

Expired

CRMLS: SR22163987

$2,625,000

Price
Jul 25, 2022

Date

Active

CRMLS: SR22163987

$2,625,000

Price
Listing provided courtesy of CRMLS

****This property is being sold with 6521 Orange St. Los Angeles, CA 90048 (DIRECTLY ADJACENT / SHARED DRIVEWAY)**** The stylishly low-maintenance Spanish 4-plex features enhanced entry area and landscaping (raised trellis & patio). The property recently received new roofing and exterior paint coat. There is potential to add an ADU @ rear of property. Parking includes 4 official covered spaces with ample room for more. All 4 units are large & bright two bedroom-two baths with some unit upgrades (each unit includes a dedicated laundry room with W/D). Zoned Q-LAR3 in TOC Tier 3 but in LA Survey Area. The total lot size is approximately 6,250 SF. APN#: 5510-024-015. Buyer to verify all info. This is a RARE opportunity to acquire two adjacent 4-plex’s in prime Beverly Grove (lots together equate to approx: 12,500 SF). Beverly Grove is one of the city’s most celebrated & centralized neighborhoods. Acknowledged as one of the most walkable neighborhoods in Los Angeles, there’s no shortage of options with immediate proximity to well-known retail destinations, eateries, and entertainment. The area is anchored by the Beverly Center, The Grove, and LACMA – All within a 5-min. drive or 20-min. walk. The property is also within a 10-min. walk to the Wilshire/ La Cienega Metro Station - Slated to open in 2024. Given the current interest rate environment, both 4-plex’s allow a potential investor to acquire residential financing for both properties. Additionally, the dual properties allow an investor future exit flexibility. It should also be noted, there’s potential to acquire both adjacent properties at opposite ends of 6517 & 6521 Orange St.

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April, 2022
Apr 11, 2022

Date

Expired

CRMLS: SR22027296

$2,550,000

Price
Feb 10, 2022

Date

Active

CRMLS: SR22027296

$2,550,000

Price
Listing provided courtesy of CRMLS

****This property is being sold with 6521 Orange St, Los Angeles, CA 90048**** Rare opportunity to acquire two adjacent 4-plex's in prime Beverly Grove neighborhood. Beverly Grove is one of the city’s most celebrated & centralized neighborhoods. Acknowledged as one of the most walkable neighborhoods in Los Angeles, there’s no shortage of options with immediate proximity to well-known retail destinations, eateries, and entertainment. The area is anchored by the Beverly Center, The Grove, and LACMA – All within a 5-min. drive or 20-min. walk. The property is also within a 10-min. walk to the Wilshire/ La Cienega Metro Station - Slated to open in 2024. The property itself is well-maintained with enhanced entry area (raised trellis & seating area). The roof was recently redone. There is potential to add an ADU unit @ rear of property. Parking includes 4 official spaces with room for 8. All 4 units are large 2+2s with some unit upgrades (each unit includes a dedicated laundry room with W/D). Zoned Q-LAR3 in TOC Tier 3 but in LA Survey area. Buyer to verify all info. Please contact agent for for property brochure, which includes financials and rent roll.

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September, 2020
Sep 17, 2020

Date

Sold (Public Records)

Public Records

$2,100,000

Price
August, 2020
Aug 28, 2020

Date

Expired

CRMLS: OC20012131

$2,400,000

Price
Aug 28, 2020

Date

Withdrawn

CRMLS: OC20012131

$2,400,000

Price
Jun 22, 2020

Date

Pending

CRMLS: OC20012131

$2,400,000

Price
Mar 18, 2020

Date

Active

CRMLS: OC20012131

$2,400,000

Price
Mar 7, 2020

Date

Active Under Contract

CRMLS: OC20012131

$2,400,000

Price
Jan 17, 2020

Date

Active

CRMLS: OC20012131

$2,400,000

Price
Listing provided courtesy of CRMLS

PRIME LOCATION; EXCELLENT VERY WELL MAINTAINED RENTAL UNITS; THE SUBJECT NEIGHBOROOD IS A MIXED RESIDENTIAL AREA THAT CONSISTS PRIMARILY OF VERY NICE UPSCALE OLDER RESIDENTIAL PROPERTIES. SFR'S-4 UNIT PROPERTIES OF VARIOUS DESIGN'S AND APPEAL. LOW TO MEDIUM DENSITY (5-12 UNITS) APARTMENT BUILDING'S AND COMMERCIAL. PROPERTIES ARE LOCATED ALONG THE MAIN TRAFFIC ARTERIES THROUGH THE AREA. VERY LOW MAINTANACE PROPERTY; SUBJECT AREA IS SITUATED WITHIN CLOSE PROXIMITY TO ALL LOCAL AMENITIES. THE NEIGHBORHOOD CONSIDERED HAS ABOVE AVERAGE TENANT APPEAL DUE TO ITS PROXIMITY TO SHOPPING, SCHOOLING, RECREATIONAL AREA'S, EMPLOYMENT AND FREEWAY ACCESS. SUBJECT PROPERTY CONSISTS OF A GOOD QUALITY 2-STY. SPANISH STYLE QUADRAPLEX. EACH UNIT CONSISTS OF 2BR'S-2BA'S AND HAS LIVABLE AREA RANGING FROM 1,062-1,115 SQ.FT.. ON SITE PARKING IS PROVIDED BY A 4 CAR GARAGE AND CONCRETE PAVED OPEN PARKING AREA. EACH UNIT HAS 2 BATH'S AND ITS OWN LAUNDRY AREA. L.A. CITY RENT CONTROL FACTORS APPLY. HOWEVER, SUBJECT ALSO HAS DE-CONTROL FACTORS WHICH APPLY WHEN A UNIT IS VACANT

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December, 2003
Dec 31, 2003

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 6517 Orange St

Assessed Value (2020): $1,801,560

Year	Land Value	Improved Value	Assessed Value
2020	$720,622	$1,080,938	$1,801,560

About 6517 Orange St

Detailed summary of property

6517 Orange St is categorized with a use code of Quadruplex (4 Units, Any Combination) in Los Angeles, CA 90048 and last sold on September 17, 2020 for $2,100,000. This property has 8 bedrooms, 4 bathrooms, roughly 4,232 living square feet, and sits on an approximately 6,250 square foot lot. Homes 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 87.5% higher than the current median priced home. 6517 Orange St was last sold on September 17, 2020 for $2,100,000. Local nearby listings include 6657 W 5th St, 6258 Warner Dr and 6223 San Vicente Blvd. The average home in Los Angeles, CA is selling in 105 days. There are currently 4185 homes for sale in the Los Angeles real estate market and 2867 of them are single family homes while 1195 of them are condos and 116 are townhomes. If you are the homeowner and looking to sell the home at 6517 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 6517 Orange St

Public county record property details

Beds: 8
Baths: 4
Year built: 1926
Sq. Ft.: 4,232
Lot Size: 6,250
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 15
APN: 5510-024-015

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

$2,399,000

Median List Price/Sq.Ft.

$978

Median Sold Price

$1,300,000

Median Sold Price/Sq.Ft.

$757

Total Inventory

140

Median Sale to List Price %

100.01%

Avg Days on Market

Loan Type

Conventional (16.67%), FHA (0%), VA (0%), Cash (25%), Other (0%)

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