Los Angeles, CA 90048,6504 Orange Street
$1,700,000
Est. payment /mo
$1,800,000
5.6%
Est.Price: ?

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4,200 SqFt
SOLD DATE : 04/11/2025

Key Details

Sold Price $1,700,000

Property Type Commercial

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 4,200 sqft

Price per Sqft $404

MLS Listing ID CL25495359

Sold Date 04/11/25

HOA Y/N No

Year Built 1948

Lot Size 6,251 Sqft

Acres 0.14

Property Sub-Type Other

Property Description

This property offers an exceptional value-added investment opportunity, with an estimated 47% upside potential. Current rental rates are significantly below market value, allowing a new owner to renovate and modernize the units to increase their desirability and rental income. With strategic upgrades, the property can attract high-quality tenants and generate impressive returns. Adding to its appeal, this is the first time the property has been on the market in over 30 years, making it a rare opportunity to acquire a well-maintained asset with long-term potential. Passed down through generations, it is now ready for a new owner to reposition it for future growth. Located in the prime Beverly Grove neighborhood, the property offers easy access to world-class shopping, dining, and cultural attractions. Additionally, the property includes ample rear parking with the potential to add an accessory dwelling unit (ADU), subject to buyer verification. This feature enhances the investment appeal by offering an opportunity for additional rental income.

Location

State CA

County Los Angeles

Zoning LAR3

Interior

Heating Wall Furnace

Fireplace No

Exterior

View Y/N false

View None

Building

New Construction No

Others

Tax ID 5510023035

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Bridge MLS
Listed by Saadia 'Sam' Liberow • Marcus & Millichap
Bought with DanaBrody

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