Description
Welcome to 6427 W Orange St. A beautiful French Normandy building in a prime Beverly Hills Adjacent/Beverly Grove location. Located north of Wilshire Blvd. and just east of La Cienega Blvd, this triplex is walking distance to Beverly Hills, Beverly Center, Cedar Sinai, LACMA, The Grove, and Farmers Market. The building has 3 townhome style units, two which will be delivered completely vacant. The vacant owner's unit is a three story unit with a 3rd floor which runs the length of the building and offers about an additional 1,000 square feet of additional liveable area. View the 3D MATTERPORT TOUR of the owner's unit under virtual tour tab. The two other units are two-level 2 bedroom and 1.5 baths, one to be delivered vacant and the other with a tenant paying $2,440. Each unit has its own laundry hookup. Situated on a large R3-zoned lot in a TOC area, the property may have long term development potential. In addition, It is blocks from the first phase of the Purple Line going west, scheduled to start at Wilshire and La Cienega by 2024. The three-car detached garage can be converted into 2 additional ADUs. This area and building has incredible upside potential. Annual expenses: Water & Electric $3,250, Insurance $1529, Gas $660, and Trash is paid by the tenants. Current rents: unit 1 $2444/mo, other two units delivered vacant. You share the gardener with the adjacent building and the annual expense is $1,200. The building has 4,032 permitted square feet of living space and about an additional 1,000 square feet of living space in the vacant owner's unit with a 3rd floor which runs the length of the entire building!
