1569 S Orange Grove Ave 2 Unit Apartment Building $2,635,377 CAD ($1,317,688 CAD/Unit) 4.70% Cap Rate Los Angeles, CA 90019

On a spacious corner lot, your dream opportunity in highly desired Picfair Village has arrived. A duplex with a single-family home of 3 bedrooms + office and 1.5 bath plus a luxe 1 bedroom/1 bath apartment over the 3-car garage. Enjoy the glory of this stellar updated Spanish home. The front corner lot has been designed with California drought tolerant ornamentals and a fruit and vegetable garden that include yuzu, navel oranges, cherry trees, nectaplum, guava, peach, lime, Meyer lemon, tangelo and Valencia oranges. Through the front door you are met with soaring 11 ft ceilings and a wood burning Batchelder fireplace flanked by French and Palladian windows. Hardwood floors and period details are found throughout. Off the living room is a stunning patio to sip your morning cup. The generously sized formal dining room features a mint condition glass chandelier from the 1920's and French doors that open up to a south facing patio, providing spectacular natural light. Perfect for entertaining. The main house features three generously sized bedrooms sharing a main bathroom with period tile. The dazzling kitchen with clay tile, built-ins and stainless-steel appliances, is large enough for any cook to hone their inner chef. Off the kitchen is a breakfast room currently being used as an office. Lastly there is a huge laundry room and statement powder room with dreamy wall paper. The vision of the home is to bring the outside in and every side of this home features a private outdoor area that supports entertaining. The guest unit/apartment is as charming as the front house, with many period details included. The house has a 3-car garage with three separate bays, one including an EV charger. Ideally located near Miracle Mile's Museum Row, Culver City (Sony, Apple, Amazon and more) and Cedars-Sinai, Picfair Village has a strong community vibe and is minutes from several local cafes and coffee shops. A rare opportunity to own a soulful, sophisticated home that embodies the architectural richness and spirit of old Los Angeles with all the comforts of today. Edibles in the opulent garden include: blueberry, raspberry, strawberry, rosemary, sage, thyme, oregano, culinary lavender. Other upgrades include: premium energy efficient windows, EV charger, earthquake retrofitted, central HVAC in both units, chimney has been completely rebuilt. Come and make this your Shangri-La in the heart of Mid-City! Attention investors and developers, this is a prime location in a desirable neighborhood, and is a great opportunity to develop a 4-story, 15-unit apartment building due to the (Q)R3-1-0 zoning. Development may be by right (buyer to verify).