6440 Orange St, Los Angeles

 

ABOUT THIS PROPERTY

6440 is a great property located in a Prime Miracle Mile location. The 1930's Art Deco style bldg has been attentively family owned and managed for 20years. The 16 studio apartments were remodeled "down to the studs" over the past 15 years. 100% occupied. 95% interior remodel completed as vacancy is rare for these highly sought after rental apartments. Entire exterior building has been sanded, re-plastered and painted. New landscaping. Original Art Deco tile front entrance and original brass mailboxes in entry. Master metered utilities are paid by landlord. Rent control allows 5% annual rent increase (3% + 1% gas + 1% electric.) Current rents have not been increased to the maximum by family ownership.


GALLERY

 
 

$3,150,000
SOLD

16 UNITS
9,124/VN  sf