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$1,999,000
Est. payment /mo
8 Beds
4 Baths
5,438 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,438 sqft
Price per Sqft $367
MLS Listing ID 25525995
Bedrooms 8
HOA Y/N No
Year Built 1928
Lot Size 6,002 Sqft
Property Description
418 N. Orange Grove Ave. is situated squarely in the epicenter of the Melrose/Fairfax district, about 3 miles east of Beverly Hills. It's known for its central location and a vibrant, youthful atmosphere. The area attracts residents seeking to be in the middle of Los Angeles' dynamic environment, with convenient access to various amenities and attractions. Ownership has lovingly cared for the property over the years, replacing all windows, electrical, and converting water supply lines to copper. The roof has been replaced and has been maintained as needed. Units feature charming, period features such as crown moldings, mosaic tile fireplaces, built-ins, murphy beds and original hardwood flooring. All four apartments offer in-unit washer and dryer as well as garage parking at the rear of the property. One downstairs unit will be delivered vacant at the close of escrow. Units are all large, 1200+ square-foot 2+1s with baseboard heating. The building is separately metered for gas and electricity with LADWP handling trash removal at the tenants' expense. Additionally, there is a small patio area next to the garages that can be easily converted to a tenant amenity area. The rear garages and parking area also offer realistic ADU potential with immediate equity available to the benefit of ownership upon completion. The area's proximity to shopping destinations like The Grove and Beverly Center, along with the numerous restaurants and entertainment options along Melrose Avenue and Fairfax Avenue, makes it attractive to renters. The presence of schools like Laurel Elementary and Fairfax Senior High School also adds to the area's appeal for families. Just one block east of Fairfax Avenue, tenants enjoy immeasurable dining, entertainment and shopping options. The walkability of the neighborhood around 418 N. Orange Grove Ave. is a significant factor in its desirability to renters. Residents can walk to grocery stores, restaurants, and other conveniences. The proximity to major transportation hubs, such as the Fairfax/Wilshire, Hollywood/Highland Metro stations, further enhances the desirability of the location for renters and owners alike, providing easy access to the wider Los Angeles area.
Location
State CA
County Los Angeles
Area C19 - Beverly Center-Miracle Mile
Zoning LARD1.5
Interior
Interior Features Ceiling Fan(s)
Heating Baseboard
Flooring Wood
Fireplaces Type Decorative
Fireplace Yes
Appliance Dishwasher
Exterior
Parking Features Concrete, Covered, One Space
Garage Spaces 4.0
Garage Description 4.0
Attached Garage No
Total Parking Spaces 4
Building
Faces West
Story 2
Entry Level Two
Sewer Other
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5527029018
Special Listing Condition Standard
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Listed by Adam Peterson • CB Richard Ellis, Inc.