Seller Financing
Address
1556 S Orange Grove Avenue Los Angeles, CA
Price
$ 2,600,000
Property Attributes
  • MLS#SR21251486
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaMid Los Angeles
  • Zip90019
  • Style
  • Price$ 2,600,000
  • Bedrooms9
  • Full Bathrooms7
  • Half Bathrooms0
  • Sqr Footage5987
  • Lot Size6,885 SqFt
Listing Provided Courtesy Of:
Anie Mayelian with Keller Williams Encino-Sherman Oaks - 818-915-9118
Data Source:
California Regional MLS (CRMLS) - 25 - CA
Property Description

1556 S Orange Grove Avenue located in Mid-city, a seven-unit apartment community. Owner will carry financing with 33% down payment. Unit 1 will be delivered vacant. The Owner has completed earthquake retrofit of the garages. Monthly capital improvement reimbursement of approximately $150/month could be added to the rental income. Located just south of Pico Blvd and East of Fairfax. The well-maintained property was built in 1961 consists of two 2 bedroom/1 bathroom units and five 1 bedroom/ 1 bath units. Two of the units were just remodeled with refinished hardwood flooring, new cabinets, quartz counters, stainless appliances. Bathrooms were remodeled with new tiled showers, floors, cabinets, quartz counters and fixtures. The subject has 5,987 of rentable sq/ft and is situated on 6,885 sq/ft lot per assessor. Separately metered for gas and electric. Excellent location minutes from Downtown LA, Beverly Hills, Culver City, and Santa Monica. Close to the Los Angeles Metro Line as well as a host of trendy restaurants, shopping and entertainment venues making it a highly desirable location to live in.

Price History
11/18/2021 Listed $2,600,000

General Features

Carport Spaces 5
Carport Y/N Yes
Community Features Curbs, Storm Drain(s), Sidewalks
Levels Two
Listing Agent Anie Mayelian - BRE#00778825
Listing Agent State License 00778825
Lot Size Square Feet 6885
MLS Area C16 - Mid Los Angeles
Open Parking Spaces 3
Pool Features None
Property Type Residential Income
Senior Community Y/N No
Sewer Public Sewer
Special Listing Conditions Standard
Status Active
Stories 2
Terms Cash, Cash to Existing Loan, Cash to New Loan
Total Units 7
Water Sewer Expense 5782
Zoning LAR3

Interior Features

Common Walls No Common Walls
Laundry Features Common Area

Exterior Features

Lot Size Acres 0.16
Lot Size Area 6885
Lot Size Source Assessor
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 8
Number of Separate Gas Meters 8
Number of Separate Water Meters 1
Total Parking 8
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 90019

Price
AVG $1.97M
$2.6M
Visits
AVG 61
3
Year Built
AVG 1937
1961
Walkscore
AVG 83
83
Data Provided by Walkscore ® not using MLS data

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