6521 Orange Street

Description

****This property is being sold with 6517 Orange St. Los Angeles, CA 90048 (DIRECTLY ADJACENT / SHARED DRIVEWAY)****Circa 1936, this pre-war 4-plex offers charming layouts featuring formal entry, living and dining, and a dedicated laundry room per unit with varying unit upgrades. 3 of 4 units are generously sized one bedroom-one baths. One such unit offers large balcony with storage room. The property also features an enhanced masters unit: 1+office+1.5, with the potential to be delivered vacant Perfect for an owner-user. The property is well-maintained and offers new landscaping and charming courtyard entry. There is potential to add an ADU @ rear of property. Parking includes 5 official spaces with ample room for more. Zoned Q-LAR3 in TOC Tier 3 but in LA Survey Area. The total lot size is approximately 6,250 SF. APN#: 5510-024-016. Buyer to verify all info.This is a RARE opportunity to acquire two adjacent 4-plexs in prime Beverly Grove (lots together equate to approx: 12,500 SF). Beverly Grove is one of the citys most celebrated & centralized neighborhoods. Acknowledged as one of the most walkable neighborhoods in Los Angeles, theres no shortage of options with immediate proximity to well-known retail destinations, eateries, and entertainment. The area is anchored by the Beverly Center, The Grove, and LACMA All within a 5-min. drive or 20-min. walk. The property is also within a 10-min. walk to the Wilshire/ La Cienega Metro Station - Slated to open in 2024.Given the current interest rate environment, both 4-plexs allow a potential investor to acquire residential financing for both properties. Additionally, the dual properties allow an investor future exit flexibility. It should also be noted, theres potential to acquire both adjacent properties at opposite ends of 6517 & 6521 Orange St.