120 N Orlando Ave, Los Angeles, CA 90048
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120 N Orlando Ave, Los Angeles, CA 90048
120 N Orlando Ave, Los Angeles, CA 90048
120 N Orlando Ave, Los Angeles, CA 90048
120 N Orlando Ave, Los Angeles, CA 90048
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$ 2,450,000
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120 N Orlando Ave Los Angeles, CA 90048

6 Beds

6 Baths

3,988 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,988 sqft

Price per Sqft $614

MLS Listing ID 26846227

Bedrooms 6

Year Built 1937

Lot Size 6,377 Sqft

Acres 0.1464

Property Sub-Type Multi-Family

Property Description

Fourplex with Development Potential in Beverly Grove! Trophy-location with an ideal unit mix of all 2-bedroom units and approximately 26% upside in rents, potential to add ADU(s) at the rear of the property either in place of, or above, the freestanding garages. The property is zoned LAR3 and designated TOC Tier 2 allowing for up to 13 units in a redevelopment (buyer to verify). Located in the neighborhood of Beverly Grove, this site is central to an extensive list of amenities, attractions, and other popular Los Angeles neighborhoods like West Hollywood, Century City, and Beverly Hills. Its ideal location, walkability, and easy access to public transport make this a highly sought-after neighborhood for renters. There are a dense number of commercial retail spaces, multifamily properties, single family homes, schools, museums, and plenty more that keep this area vibrant and busy. Beverly Grove has continued to thrive in recent years, still known as a premier shopping destination, home to the most notable restaurants, and close to world famous streets like Melrose and Fairfax. Close to the most trendy shops, restaurants, and only a short drive to surrounding employment hubs makes this a magnet for young professionals looking for a fun and centralized neighborhood. Many residents work in the entertainment industry due to its proximity to major film studios, which gives this area an art-focused personality. Many art galleries line the streets of Melrose, some high-end and some catering to the thrift-focused demographic of this area. Trendy second hand purchasing thrives here, thanks to the many famous thrift stores and popular markets like Melrose Trading Post Flea Market where locals and tourists enjoy endless vendors. For those without a shopping interest, popular restaurants like Joan's on Third, The Little Door, NORMS, The Nice Guy, The Ivy, and much more are just blocks away.

Location

State CA

County Los Angeles

Area Beverly Center-Miracle Mile

Zoning LAR3

Rooms

Other Rooms Other

Interior

Heating Wall

Cooling Other

Equipment Other

Exterior

Parking Features Garage - 4+ Car

Building

Level or Stories Multi/Split

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Nourmand & Associates-BW
George Salazar

George Salazar

Agent | License ID: 00884017

+1(310) 400-6756

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120 N Orlando Ave