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$ 1,700,000
Est. payment | /mo
6 Beds
4 Baths
4,687 SqFt
$ 1,700,000
Est. payment | /mo
6 Beds
4 Baths
4,687 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,687 sqft
Price per Sqft $362
MLS Listing ID 25598853
Bedrooms 6
HOA Y/N No
Year Built 1937
Lot Size 6,420 Sqft
Property Description
We are excited to bring to the market 6420 Orange Street which presents an exceptional opportunity for a boutique luxury value-add investor to acquire a character-style building with strong fundamentals. Built in 1937, the property features expansive floorplans that align perfectly with its renter base and prime location. Situated just one block from the intersection of San Vicente and Wilshire Boulevards, 6420 Orange Street offers residents a quiet, neighborhood feel while maintaining an urban lifestyle. The property sits on a ~6,250-square-foot lot and consists of a two-story, garden-style walk-up totaling ~4,687 square feet, with a two garage carport totaling 4 spaces at the rear. The desirable unit mix includes two (2) one-bedroom/one-bathroom units and two (2) two-bedroom/two-bathroom units, appealing to a wide renter demographic. As units turn over, a strategic investor can capture an estimated 18% loss-to-lease by implementing high-end finishes that meet the demands of today's Beverly Grove renter. Given its location, architectural character, value-add potential, and the rarity of similar offerings, 6420 Orange Street represents a unique opportunity to establish a boutique luxury community in one of Los Angeles' most coveted rental submarkets.
Location
State CA
County Los Angeles
Area C19 - Beverly Center-Miracle Mile
Zoning LAR3
Interior
Heating Wall Furnace
Fireplace No
Exterior
Parking Features Carport
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5510023043
Special Listing Condition Standard
Listed by NorthMarq Realty Services, Inc.
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Sandra Thiel
REALTOR® | Lic# 01874934