928 S Orange Grove Avenue

    Los Angeles (City), CA 90036
    • $2,644,000
    • STATUS: Active
    • ON SITE: 97 days
    • ID#: PV19137836
    UPDATED: 53 min ago
    $2,644,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,395
      SQFT
    • $490
      $/SQFT
    Type:
    Multi-Family
    Built:
    1928
    County:

    School Ratings & Info

    Description

    Rare well maintained quadraplex; Beverly Hills adjacent and across the street from the new "VINZ on Fairfax". This building is PERFECT for an OWNER-USER investment...who wants to live in the Miracle Miles area right on the Beverly Hills border. Ownership CURRENTLY occupies 2 of the 4 units. Property CAN be delivered with 2 or 3 of the units vacant so the new owners have best of all options to smartly get new tenants at TODAYS MARKET rent rates! Detached separate garage structure is currently used exclusively by the Owner, and fits all the parameters to fast-track an ADU permit to improve and add an "Inlaws" quarters. The property is also rated by the TOC as qualified Tier 3 density bonus.*** 91 WALK SCORE means you CANT BEAT THE LOCATION. Across the street from Shalhevet High School

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-18T08:39:24.233. 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 deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
    www.legacy15.com/homes/95803025

    928 S Orange Grove Avenue Los Angeles (City), CA 90036

    • Price: $2,644,000
    • Status: Active
    • Updated: 53 min ago
    • ID#: PV19137836
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    5,395
    SQFT
    $490
    $/SQFT
    1928
    Built
    Neighborhood:
    C19 - Beverly Center-Miracle Mile
    County:
    Los Angeles
    Area:
    C19 - Beverly Center-Miracle Mile
    Property Description
    Rare well maintained quadraplex; Beverly Hills adjacent and across the street from the new "VINZ on Fairfax". This building is PERFECT for an OWNER-USER investment...who wants to live in the Miracle Miles area right on the Beverly Hills border. Ownership CURRENTLY occupies 2 of the 4 units. Property CAN be delivered with 2 or 3 of the units vacant so the new owners have best of all options to smartly get new tenants at TODAYS MARKET rent rates! Detached separate garage structure is currently used exclusively by the Owner, and fits all the parameters to fast-track an ADU permit to improve and add an "Inlaws" quarters. The property is also rated by the TOC as qualified Tier 3 density bonus.*** 91 WALK SCORE means you CANT BEAT THE LOCATION. Across the street from Shalhevet High School
    Exterior Features

    Entry Location Front Garage Spaces 4.00 Lot Features 6-10 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 4.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features In Kitchen Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.40 Community Features CurbsSidewalksUrban Country Us Electric Expense 2100.00 Elevation Units Feet Gardener Expense 720.00 Gross Income 146400.00 Gross Multiplier 18.00 Gross Operating Income 153600.00 Gross Scheduled Income 146400.00 Insurance Expense 1000.00 Land Lease YN No Laundry YN Yes Maintenance Expense 2500.00 Net Operating Income 115996.00 New Construction YN No New Taxes Expense 29084.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 4 Operating Expense 5020.00 Property Sub Type Quadruplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 37604.00 Trash Expense 1000.00 Vacancy Allowance Rate 0.00 Water Sewer Expense 1200.00 Water Source Public Year Built Source Assessor Zoning Lar3

    Listing provided courtesy of John Accardo of Keller Williams Palos Verdes


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-18T08:39:24.233. 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 deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
     
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