Rich Johns of KW Commercial, is pleased to provide an Opinion of Value for 1047 - 53 South Orange Grove Avenue, a 12 unit multifamily asset built in 1933 and located One (1) block south of Olympic Blvd. in the Miracle Mile sub-market of Los Angeles (90019).

The asset is within close proximity to THE GROVE, LACMA, Hancock Park, countless offices, shopping, dining and live entertainment venues.

The exceptional courtyard multifamily is situated on a large + / - 15,962 SF lot and consists of Four (4) large Two Bedroom / One Bathroom and Eight (8) One Bedroom / One Bathroom apartment homes in 2 structures.

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Location Description:

This Miracle Mile neighborhood is a dynamic luxury residential community, only blocks away from Beverly Hills and Hancock Park. Major attractions include the LA County Museum of Art, Petersen Automotive Museum and The Grove in addition to countless premier restaurants, entertainment venues and major employment centers.

Miracle Mile, located north of Downtown LA and east of Hollywood, is one of the most diverse neighborhoods in Los Angeles. Dozens of restaurants and cafes nearby provide character to the vibrant social, cultural and business life of this economically vibrant and historic district of L. A. local employment opportunities with economic development and improving infrastructure which has been notable for new media companies among others.

Highlights:

>> The building features open access entry, Spanish tile roof, decorative architectural details, large wood windows for abundant natural light and manicured mature landscaping.

>> The interiors boast hardwood floors, large functional layouts and period details typical of the era.

>> The property includes separate gas / electrical meters and garage parking for 12 vehicles

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