1047 S Orange Grove Ave, Wilshire Vista, Los Angeles, CA 90019

ASSUMABLE 3.54% FINANCING! BELOW MARKET RENTS! 1047-53 South Orange Grove is a meticulously restored 1933 Mediterranean 'Old Hollywood Style Courtyard' multi-family property located in prime Miracle Mile. This rare and beautiful twelve unit property has an excellent unit mix of (8) 1 (BR + 1 BA and (4) 2 BR + 1 BA units. The property is receiving strong rental income with significant upside in the rents, creating a value-add opportunity for the new ownership. The property is accessed through a gated courtyard with a bubbling fountain and beautiful verdant gardens, which exemplifies Old Hollywood class and charm. Seven of the units have been carefully restored and come with designer finishes and central air. The entire building has had extensive renovations with new gated entry, rebuilt parking structure for 12 cars, new plumbing and an updated foundation. This magnificent courtyard multi-family asset is situated on two large parcels that total 15,962 sq. ft. The size of the property is approximately 11,880 sq. ft. and Zoned LAR3. The exceptional location is walking distance to the new Metro Station at Wilshire and Fairfax. Its prime location provides its tenants easy access to the Grove Shopping Center, the Beverly Center, Beverly Hills, and numerous entertainment and dining venues.