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Buy a multi-family propertyat 816 S Orange Grove Avenue, Los Angeles, CA 90036

$2,400,000

$0/mo

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Multifamily

6,028 Sq. Ft. lot

0 Bathrooms

444 Days on market

RW23008510 MLS ID

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About 816 S Orange Grove Avenue multi-family property

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.
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.

Property details

House

Built in 1929

5727 total building sqft

2+ Common Walls

Multi/Split

Community

Urban

Expenses

Operating Expense: $22,345

Garage

4 garage spaces

Income

Gross Income: 87851

Gross Scheduled Income: 110196

Net Operating Income: 87851

Laundry

Washer Hookup

Listing

Listing ID: RW23008510

Property Subtype: Quadruplex

23 days on market

Listed on 2023-01-16

Rent controlled

Location

County: Los Angeles

Lot

6028 sqft

0.1384 acres

Area: 6028

Rectangular Lot

Parking

4 total parking spaces

Property

3 buildings

4 units

Property attached

Sewer

Septic Tank

Utilities

4 separate electric meters

4 separate gas meters

Electricity Connected

Natural Gas Connected

Sewer Connected

Water Connected

Monthly cost

Estimated monthly cost

$15,294/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$2,256,000

+$72,000

$2,328,000

Seller agent commission$72,000 (3%)*

$0 (0%)

Buyer agent commission$72,000 (3%)*

$72,000 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

Get $72,000 more selling your home
with an Unreal Estate agent

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State

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Unreal Estate checked: May 11, 2024 at 1:07 p.m.

Data updated: Mar 16, 2023 at 6:06 p.m.

Property listed by LYNNE B WILSON & ASSOCIATES, Paul Glaviano
Based on information from California Regional Multiple Listing Service, Inc. as of 03/16/2023 and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing Information © 2024 California Regional MLS. All Rights Reserved.

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