120 N Orlando Avenue
Los Angeles, CA 90048
- – beds
- – baths
- – sqft
- 6,377 sqft lot
- 1937 build
- – on site
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REDUCED! Triplex with Development Potential in Beverly Grove! Trophy-location with an ideal unit mix of all 2-bedroom units and approximately 26% upside in rents, potential to add ADU(s) at the rear of the property either in place of, or above, the freestanding garages. The property is zoned LAR3 and designated TOC Tier 2 allowing for up to 13 units in a redevelopment (buyer to verify). Located in the neighborhood of Beverly Grove, this site is central to an extensive list of amenities, attractions, and other popular Los Angeles neighborhoods like West Hollywood, Century City, and Beverly Hills. Its ideal location, walkability, and easy access to public transport make this a highly sought-after neighborhood for renters. There are a dense number of commercial retail spaces, multifamily properties, single family homes, schools, museums, and plenty more that keep this area vibrant and busy. Beverly Grove has continued to thrive in recent years, still known as a premier shopping destination, home to the most notable restaurants, and close to world famous streets like Melrose and Fairfax. Close to the most trendy shops, restaurants, and only a short drive to surrounding employment hubs makes this a magnet for young professionals looking for a fun and centralized neighborhood. Many residents work in the entertainment industry due to its proximity to major film studios, which gives this area an art-focused personality. Many art galleries line the streets of Melrose, some high-end and some catering to the thrift-focused demographic of this area. Trendy second hand purchasing thrives here, thanks to the many famous thrift stores and popular markets like Melrose Trading Post Flea Market where locals and tourists enjoy endless vendors. For those without a shopping interest, popular restaurants like Joan's on Third, The Little Door, NORMS, The Nice Guy, The Ivy, and much more are just blocks away.
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Last updated Apr 18, 2024
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MLS# 23330975 —
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/6/24
Mar 6, 2024
|
BRIDGE | $2,250,000 | ||
|
3/6/24
Mar 6, 2024
|
Sold Subject To Contingencies | CRMLS_CA | $2,250,000 | |
|
2/20/24
Feb 20, 2024
|
Price Changed | CRMLS_CA | $2,250,000 | -6.2% |