6420 Orange St new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90048
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,687 sqft
Price per Sqft $362
MLS Listing ID 25598853
Bedrooms 6
Year Built 1937
Lot Size 6,420 Sqft
Acres 0.1435
Property Sub-Type Multi-Family
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 Beverly Center-Miracle Mile
Zoning LAR3
Rooms
Other Rooms None
Interior
Heating Wall
Cooling Wall Unit(s)
Equipment None
Exterior
Parking Features Carport
Building
Story 2
Level or Stories Two
Others
Special Listing Condition Standard