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120 N Orlando Ave, Los Angeles, CA 90048
$2,150,000
120 N Orlando Ave, Los Angeles, CA 90048View this property at 120 N Orlando Ave, Los Angeles, CA 90048
120 N Orlando AveLos AngelesCA90048
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Property Description
REDUCED! Triplex 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.
Full Property Details
Full Property Details for 120 N Orlando Ave
General
- Sold For: $2,150,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 23-330975
- Added to Site: 174 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 4
Bedrooms
- Total Bedrooms: 6
Additional Information
- Other Features: None
Parking
- Garage: Yes
- Garage Spaces: 5
- Garage Description: Garage Is Detached
Location
- Area: Beverly Center-Miracle Mile
- County: Los Angeles
- Driving Directions: 120 N Orlando Avenue, Los Angeles, CA 90048.
Heating & Cooling
- Cooling Type: Central
- Heating Type: Wall Gas
Structural Information
- # Buildings: 1
- Stories/Levels: 2
- Square Feet: 3,988
- Sq. Ft. Source: Vendor Enhanced
- Year Built: 1937
- Year Built Source: Vendor Enhanced
Unit Information
- Units in Complex: 3
- Unit Type: 2106
Unit 1
- Total Bathrooms: 1.5
- Bedrooms: 2
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.1464
- Lot Size: 6377
- Lot Size Source: Vendor Enhanced
- Zoning: LAR3
Financial Considerations
- Price Per Sq. Ft.: $564.19
- Assessment Year: 1937
- Owner Pays: Water
Disclosures and Reports
- Disclosures/Reports: As Is, Rent Control
- APN: 5511-011-005
Listed by CB Richard Ellis, Inc., Adam Peterson
Sold by Innovate Realty, Inc., Nina Bokaei and Innovate Realty, Inc., Sean Sadri
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Schools
Schools serving 120 N Orlando Ave
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
503 N Croft Ave, Los Angeles, CA 90048 | K-6 | 0.4 mi | |
600 S McCadden Pl, Los Angeles, CA 90005 | 6-8 | 2.2 mi | |
7850 Melrose Ave, Los Angeles, CA 90046 | 9-12 | 0.9 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 120 N Orlando Ave
Date
Details
Price
Change
Source
4/17/2024
Sold
$2,150,000
-4.44%
MLS
2/20/2024
Price Reduced
$2,250,000
-6.21%
MLS
1/10/2024
Price Reduced
$2,399,000
-4.73%
MLS
11/10/2023
Listed
$2,518,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
120 N Orlando Ave, Los Angeles, CA 90048 (MLS# 23-330975) is a Multi-Family property that was sold at $2,150,000 on April 17, 2024. Want to learn more about 120 N Orlando Ave? Do you have questions about finding other Multi-Family real estate for sale in Miracle Mile? You can browse all Miracle Mile real estate or contact a Coldwell Banker agent to request more information.