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816 S Orange Grove Ave, Los Angeles, CA 90036
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816 S Orange Grove Ave Los Angeles, CA 90036

$2,400,000
  • 9 Beds
  • 8 Baths
  • 5,727 Sq.Ft.
For Sale
$2,400,000 Get Pre-Qualified
Map preview of 816 S Orange Grove Ave, Los Angeles, CA 90036

Property Overview: 816 S Orange Grove Ave Los Angeles, CA has 9 bedrooms, 8 bathrooms, 5,727 living square feet and 6,028 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Mid-Wilshire gem now available! Incredible investment opportunity for a quadruplex that has not been sold in 40+ years! Total of 9 Bedrooms, 8 Bath, with 4 single car garages. 3 garages are not currently leased to tenants. Potential to increase income with added parking in rear or convert to ADU's. Buyer to verify with City. 2 units have recently been renovated and all have hardwood floors throughout.

Listed by Paul Glaviano | BRE #01979352 | LYNNE B WILSON & ASSOCIATES
Co-listed by JO-DEANNA GLAVIANO | BRE #01303527 | LYNNE B WILSON & ASSOCIATES
Last checked: 1 minute ago | Last updated: September 9th, 2023 | Source CRMLS | DOM: 444
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Home details

Lot Sq. Ft
6,028
HOA Dues
$0/mo
Year built
1929
Garage
4 Car
Property Type:
Fourplex
Status
Active
MLS#
RW23008510
City
Los Angeles
County
Los Angeles
Time on Site
471 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 3
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,317
  • Total Rent: $2,317
  • Pro Forma/Market Rent: $3,300
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,400
  • Total Rent: $2,400
  • Pro Forma/Market Rent: $2,950
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,516
  • Total Rent: $1,516
  • Pro Forma/Market Rent: $2,950
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,950
  • Total Rent: $2,950
  • Pro Forma/Market Rent: $2,950
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $110,196
  • Net Operating Income: $87,851
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $22,345
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

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Property Details for 816 S Orange Grove Ave

Interior Features
Laundry Information
  • Has Laundry
  • Washer Hookup
Interior Features
  • Levels: Multi/Split
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: Rectangular Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 5086011007
  • Year Built Source: Public Records
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Conventional Septic
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: South of 8th Street - East of Fairfax
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Los Angeles Agent

Sale History for 816 S Orange Grove Ave

Last sold on August 6th, 2020

  • January, 2023

  • Jan 16, 2023

    Date

    Active

    CRMLS: RW23008510

    $2,400,000

    Price

  • March, 2022

  • Mar 22, 2022

    Date

    Active

    CRMLS: IV22023625

    $2,750,000

    Price

  • Listing provided courtesy of CRMLS

    Mid-Wilshire gem now available! Incredible investment opportunity for a quadruplex that has not been sold in 40+ years! Total of 9 Bedrooms, 8 Bath, with 4 single car garages. 3 garages are not currently leased to tenants. Potential to increase income with added parking in rear or convert to ADU's. Buyer to verify with City. 2 units have recently been renovated and all have hardwood floors throughout. Seller's Agent is related to Seller.

  • August, 2020

  • Aug 6, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • December, 2009

  • Dec 9, 2009

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 816 S Orange Grove Ave

Assessed Value (2020): $122,351
Year Land Value Improved Value Assessed Value
2020 $68,797 $53,554 $122,351

Home Value Compared to the Market

This property vs the competition

816 S Orange Grove Ave is listed 95.92% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $419.07 per/sqft which puts the price per square foot 45.86% lower than the median price per square foot for the city of Los Angeles.

About 816 S Orange Grove Ave

Detailed summary of property

816 S Orange Grove Ave is a fourplex located in Los Angeles, CA 90036 and is currently for sale. This fourplex offers 9 bedrooms, 8 bathrooms, roughly 5,727 living square feet, and sits on an approximately 6,028 square foot lot. 816 S Orange Grove Ave was first listed on ArdentRealEstateGroup.com on January 17, 2023. The homeowner is currently asking $2,400,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 95.92% higher than the median priced home. Local competing homes currently for sale include 1206 S La Jolla Ave, 1366 S Burnside Ave and 648 S Dunsmuir Ave. While the average home in Los Angeles, CA is selling in 96 days, 816 S Orange Grove Ave has a days on market of 444 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 816 S 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 816 S Orange Grove Ave

Public county record property details
Beds
8
Baths
4
Year built
1929
Sq. Ft.
5,727
Lot Size
6,028
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
61
APN
5086-011-007

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.
$900
Median Sold Price
$1,685,000
Median Sold Price/Sq.Ft.
$739
Total Inventory
53
Median Sale to List Price %
102.81%
Avg Days on Market
22
Loan Type
Conventional (9.09%), FHA (0%), VA (0%), Cash (0%), Other (9.09%)

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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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