6500 Orange Street
Property Description
**PRIME BEVERLY GROVE FOUR-UNIT INVESTMENT OPPORTUNITY | $1,950,000** Rare opportunity to acquire a four-unit multifamily investment in the highly desirable Beverly Grove neighborhood of Los Angeles. Situated on a 6,252 sq. ft. lot, this property features approximately 5,408 sq. ft. of building area with four spacious 2-bedroom, 1-bathroom units. The property currently generates $8,350 in monthly rental income, with one unit to be delivered vacant at close of escrow, offering an immediate opportunity to establish market rent and enhance cash flow. The vacant unit is projected to achieve approximately $3,295 per month, bringing potential stabilized gross rental income to approximately $11,645 monthly or $139,740 annually. Based on projected income and estimated annual operating expenses of $36,757, the property offers an estimated stabilized NOI of $102,983 and an approximate 5.28% cap rate at the asking price. The property's LAR3 zoning also provides an opportunity to explore additional development potential, including possible ADU opportunities, subject to zoning, city approvals and feasibility. Ideally positioned in the heart of Beverly Grove, the property boasts a Walk Score of 80 and convenient access to Whole Foods Market, The Grove, Original Farmers Market, LACMA, Petersen Automotive Museum, Beverly Center, Melrose Avenue and the El Rey Theatre. The location also offers proximity to public transportation and the Metro D Line (Purple Line) extension, providing future connectivity between the Westside and Downtown Los Angeles. Combining an established rental portfolio, immediate income upside, potential development opportunities and a highly sought-after central Los Angeles location, this offering presents an attractive value-add opportunity for multifamily investors, owner-operators and 1031 exchange buyers seeking long-term appreciation and equity growth. **Offered at $1,950,000.**
Broker Details
Sync Brokerage Inc (818) 770-3660
MLS ID: SR207061439 State License Number: 01932632
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $1,950,000 |
| No. of Units: | 4 |
| Year Built: | 1929 |
| Opportunity Zone: | No |
| Price per unit: | $487,500 |
| Number of Bedrooms: | 8 |
| Number of Bathrooms: | 4 |
ID: 3yd-MRMLSCA-SR26243056
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