1067 1069 S Orange Grove Avenue, Los Angeles, CA 90019

An amazing opportunity to acquire an existing 4 unit Spanish style 4 Plex with preliminary plans in place to develop/construct 14 brand new units. Property is located in a great sub-market of L.A., the very desirable Miracle Mile/Carthay neighborhood close proximity to Beverly Center/THE GROVE, Farmers Market. This is priced for immed. sale! Exceptionally large with over 6000+ sq.ft. of living space, smaller comp across the street sold for nearly $1.9M. Units consist of (3)2 bedrooms and (1)3 bedroom, upper owners unit. (2) of the two bedroom units are townhouse style (very desirable) with 1.5 baths and a large, 3bd/1.75 owners unit (vacant/needs work). Rents are currently very low with tremendous upside of approx. $12K/month. Plans have not been submitted to city, buyer to take over process which consist of (4)2bd/2.5 bath and (10)1bd/1.5 baths.