REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 2,740,000
Est. payment | /mo
8 Beds
8 Baths
6,982 SqFt
$ 2,740,000
Est. payment | /mo
8 Beds
8 Baths
6,982 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 6,982 sqft
Price per Sqft $392
MLS Listing ID 26829533
Bedrooms 8
HOA Y/N No
Year Built 1928
Lot Size 7,396 Sqft
Property Description
Set within one of Los Angeles' most established multifamily corridors, 802 S Orange Grove Ave & 6022 W 8th St is an eight-unit asset in the Miracle Mile neighborhood. The property benefits from immediate proximity to some of the city's most sought-after retail, dining, and cultural destinations, including The Grove, The Original Farmers Market, Museum Row, the La Brea Tarpits and other attractions. There is also a new Metro subway stop opening soon that is less than one block away. The property consists of eight residential units complemented by six on-site garages, which provide a current separate and consistent income stream. Additionally, the asset features a centralized laundry room, further enhancing supplemental income while improving tenant convenience. The combination of in-place rental income and ancillary revenue streams offers stable day-one cash flow. From an investment perspective, the asset presents a compelling opportunity with both current income and significant future upside. New ownership can capitalize on rental growth potential, ADU development opportunities, and further optimization of garage and laundry income. With strong demand for housing in Miracle Mile and continued neighborhood growth driven by transit expansion and retail demand, 802 S Orange Grove Ave & 6022 W 8th St offers investors a well-positioned asset with meaningful long-term appreciation and income growth potential.
Location
State CA
County Los Angeles
Area C19 - Beverly Center-Miracle Mile
Zoning LAR3
Interior
Heating None
Cooling None
Fireplace No
Appliance Refrigerator
Laundry Laundry Room
Exterior
Total Parking Spaces 6
Building
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5086011010
Special Listing Condition Standard
Listed by Eliyahu Appel Equity Union #01918652
Nearby Locations