834 S Orange Grove Ave

Offering Highlights

  • Offer Price:

    $3,100,000

  • Price/SF:

    $386.92

  • Price/Unit:

    $387,500

  • Units:

    8

  • Cap Rate:

    3.30%

  • GRM:

    17.75

  • Status:

    Active

We are pleased to present 834 S Orange grove, an excellent eight-unit value-add opportunity. The property is located on the borders of Miracle Mile and Carthay Circle, both are highly sought-after neighborhoods in Los Angeles with a high barrier to entry. This property has over 20% +/- in rent which could be captured by renovating and repositioning the units. The average Annual Household Income in Hollywood is $119,820 within a 1-Mile Radius of the Subject Property. The property consists of 8,012 rentable SF and features eight (8) One Bedroom/One Bathroom units. Spanish-style building with incredible character and desirable curb appeal.

Exclusively listed by:

Sam Liberow
Senior Managing Director of Investment
Direct: 818-212-2795
Cell: 718-406-3128
SLIBEROW@MARCUSMILLICHAP.COM

CA: 01933858

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