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$ 1,875,000
Est. payment | /mo
7 Beds
5 Baths
4,681 SqFt
$ 1,875,000
Est. payment | /mo
7 Beds
5 Baths
4,681 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,681 sqft
Price per Sqft $400
MLS Listing ID 25527161
Bedrooms 7
HOA Y/N No
Year Built 1926
Lot Size 6,250 Sqft
Property Description
6216 Orange St, a 5 unit apartment building located in Beverly Grove, a prime neighborhood ofLos Angeles, CA. Built in 1926, the property consists of (1) studio + deck unit and (4) two-bedroom + one-bathroom units. The building is 4,681 gross square feet and sits on a 6,250 square foot lot.6216 Orange St sits on a charming, tree-lined street in the heart of the vibrant Beverly Grove neighborhood. The area offers no shortage of things to do, from strolling through the iconic Grove outdoor shopping complex to discovering world-class exhibits at the Los Angeles County Museum of Art(LACMA).Thanks to its central location, Beverly Grove provides easy access to major freeways and public transportation, making it a well-connected hub for exploring the best of Los Angeles.6216 Orange St represents a unique value-add opportunity for investors due to the property's locationand rental upside. The property offers a initial CAP rate of 4.28% with the ability to improve to a 6.13%CAP rate once units turnover.
Location
State CA
County Los Angeles
Area C19 - Beverly Center-Miracle Mile
Zoning LAR3
Interior
Heating None
Cooling None
Fireplace No
Exterior
Parking Features Carport
Total Parking Spaces 4
Building
Story 2
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5510027020
Special Listing Condition Standard
Listed by Michael Kamara • Lyon Stahl Investment Real Estate, Inc.
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Renaud Denis
REALTOR®