6-Unit Apartment
443 N Orange Grove Ave, Los Angeles, CA 90036
For Sale
New
$2,675,000
Each residence has central heating and cooling, updated kitchens and bathrooms, and an in-unit washer and dryer.
Property Size5,902 SF
Days on Market7
Property Features for 443 N Orange Grove Ave
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Tenant in Place
Amenities
central air and heat
washer/dryer
Building Details
Building Size
Year Built
Construction
Listing Agency:
Miller & Desatnik Realty Co.
Listed By:
Carolyn Schneider · License CA #00881530
Source:
Milsteinestates
Added: Nov 3
Changed: Nov 8
Last Checked: Nov 8 at 7:16AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Miller & Desatnik Realty Co.
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Investment Insights
Based on property information with market context.
This 6-unit apartment building, constructed in 1940, contains 5,902 square feet. Recent improvements include central heating and cooling in every residence, refreshed kitchens and bathrooms, and an in-unit washer and dryer. The electrical system and main panels have been replaced, the roof is new, and most plumbing has been updated. The required SB721 balcony inspection has been completed.
The property is on N Orange Grove Ave, between Beverly and Melrose and east of Fairfax. Pro forma rents indicate approximately 21% upside relative to current rents.
The property is on N Orange Grove Ave, between Beverly and Melrose and east of Fairfax. Pro forma rents indicate approximately 21% upside relative to current rents.
Key Highlights
- Six apartments in a 5,902‑square‑foot building built in 1940
- Central heating and cooling, updated kitchens and bathrooms, and washer/dryers in every unit
- New electrical system and main panels; most plumbing updated and new roof installed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$94,968
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,899,360
$1.9M
Cap Rate 7%
$1,356,686
$1.4M
Cap Rate 9%
$1,055,200
$1.1M
Market Conditions
NOI Build-Up for 5,902 SF
Gross rent
$187.7K $31.80/SF
− Vacancy
−$15.0K −$2.54/SF
EGI
$172.7K $29.26/SF
− OpEx
−$77.7K −$13.17/SF
NOI
$95.0K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,899,360
Cap Rate 7%
$1,356,686
Cap Rate 9%
$1,055,200
Alternative Uses
Best Use
Apartment 5plus
$1.36M
$1.19M – $1.58M
NOI $94,968 @ 7.0% cap · market cap 3.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.46M
$2.16M – $2.87M
NOI $172,491 @ 7.0% cap · market cap 6.45%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
4,373
Businesses Nearby
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Business Placement
Demographics for 90036, CA
39,549
Population
21,890
Households
1.8
Avg Household Size
36
Median Age
68%
College-Educated
97%
High-School Grad
2.5 sq mi
ZIP Area
15,820
Density / Sq Mi
$102,877
Median Household Income
$66,385
Median Earnings
$2,730
Median Rent
$1,958,600
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Los Angeles, CA
Properties on Market for Apartment buildings in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Each residence has central heating and cooling, updated kitchens and bathrooms, and an in-unit washer and dryer.
Where is this apartment building located?
The property is located at 443 N Orange Grove Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,675,000.
What are key features of this property?
This property features: Six apartments in a 5,902‑square‑foot building built in 1940; Central heating and cooling, updated kitchens and bathrooms, and washer/dryers in every unit; New electrical system and main panels; most plumbing updated and new roof installed
