1201 S Orange Grove Ave.- Miracle Mile Value Add
Transwestern as the exclusive listing agent is pleased to present the opportunity to acquire 1201 South Orange Grove Avenue, Los Angeles, California 90019, a five (5) unit apartment building located in the Miracle Mile area of Los Angeles, less than two miles south of the Grove Shopping Center and just minutes away from West Hollywood and Beverly Hills.
1201 South Orange Grove Avenue is a five (5) unit apartment building constructed in 1929. The unit mix consists of two (2) 1bed+1bath, two (2) 2bed+1bath, and one (1) two level, townhome style - 2 bed+1.5bath. The property is a two-story 5,225-square-foot walk-up building with wood frame construction situated on a large 8,322-square-foot lot.
All of the units have very large floor plans, with hardwood floors throughout and each unit has its own separate water heater. Units 3 and 5 have in-unit washer/dryer hook-ups (appliances are currently owned by the tenants). There is an outdoor enclosed yard space of over 1,000 square feet provided for all tenant use. Parking is provided on-site with four (4) open surface spaces and street parking is readily available for tenants as it is permit required and limits visitors.
1201 South Orange Grove Avenue is located in the Miracle Mile area of Los Angeles and is minutes away from all that West Hollywood, Beverly Hills and the Park La Brea area of Los Angeles have to offer from their happening night-life, innovative dining, and world famous shopping. The property is also approximately one mile away from the 10 freeway, giving tenants access to all of the major employment centers including, Santa Monica, West Los Angeles, Century City and Downtown Los Angeles.
