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Donna Phelan

dphelan@showcaseagent.com +1(530) 777-3766

$ 5,400,000

Est. payment -/mo

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1047 S Orange Grove AVE Los Angeles, CA 90019

16 Beds

12 Baths

11,880 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 11,880 sqft

Price per Sqft $454

MLS Listing ID 26102368

Bedrooms 16

HOA Y/N No

Year Built 1933

Lot Size 0.366 Acres

Lot Dimensions Assessor

Property Description

1047-1053 S. Orange Grove Ave. is an immaculately restored historic property in the Wilshire Vista/Fairfax area of Los Angeles. Property is situated at the intersection of the Carthay Square, Wilshire Vista and Miracle Mile districts, about 1 mile east of Beverly Hills. The area is known for its central location, walkability to fine dining, entertainment, museums and vibrant, youthful atmosphere. The area attracts residents seeking to be in the middle of Los Angeles' dynamic environment, with convenient access to amenities and attractions. Ownership has invested heavily in the property in recent history, adding a front entry and perimeter security, painting and re-landscaping, adding central air conditioning and upgrading to new 600 amp electrical service. The garages were rebuilt/restored, plumbing updated and foundation braced for earthquake safety. Seven units have been renovated completely with refinished hardwood flooring, new kitchens and baths, restoration of period architectural details and adding in-unit washer/dryers. A complete list of recent upgrades can be found on page 5 of the offering memorandum. Units are generously-sized one and two bedrooms. The buildings are separately metered for gas and electricity with LADWP handling trash removal at the tenants' expense. Select units have private outdoor patios and all tenants enjoy nicely landscaped common amenity areas. The garages offer realistic ADU potential with immediate equity available to the benefit of ownership upon completion. The area's proximity to shopping destinations like Fairfax Ave., Museum Row, The Grove and Farmers Market, makes it especially attractive to renters. The presence of schools like Carthay Elementary, LACES and Fairfax Senior High School also adds to the area's appeal. The walkability of the neighborhood around South Orange Grove Ave. is a significant factor in its desirability to renters. Residents can walk to grocery stores, restaurants, and other conveniences. The proximity to major transportation hubs, such as the Wilshire/Fairfax and Wilshire/La Cienega Metro stations, further enhances the desirability of the location, providing easy access to the greater Los Angeles area.

Location

State CA

County Los Angeles

Area C19 - Beverly Center-Miracle Mile

Zoning LAR3

Interior

Heating Central

Cooling Central Air

Flooring Wood

Fireplaces Type Living Room

Fireplace Yes

Appliance Dishwasher, Disposal, Refrigerator, Dryer, Washer

Laundry Common Area, Stacked

Exterior

Parking Features Door-Multi, Garage

Garage Spaces 12.0

Garage Description 12.0

Community Features Gated

Total Parking Spaces 12

Building

Faces East

Story 2

Entry Level Two

Foundation Quake Bracing

Sewer Other

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5086001059

Security Features Gated Community

Financing Cash

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Adam Peterson CB Richard Ellis, Inc. #01815802

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Donna Phelan

Real Estate Team Lead License ID: 01338574

+1(530) 777-3766

dphelan@showcaseagent.com

1435 Butte House Road, Yuba City, California 95993, USA

Donna Phelan

1047 S Orange Grove AVE Los Angeles, CA 90019

Key Details

Location

Interior

Exterior

Building

Others

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1047 S Orange Grove AVE