1206 N Orange Grove Avenue
Los Angeles, CA, 90046
$2,195,000
MLS: 26101926
Beds
5
Baths
5
Sq Ft
3,846
Lot
0.17 ac
Year Built
1921
MLS #
26101926
Days on Market
4
Listed
Oct 13, 2026
Description
We are very pleased to present The Villas at Orange Grove, the rare opportunity to acquire a fully remodeled five-unit apartment building in a prime West Hollywood location. 1206 N. Orange Grove combines classic Spanish-style architecture, five beautifully upgraded residences, and an attractive income profile, perfect for an investor looking for an upgraded and remodeled multi-family investment property in this very desirable rental pocket of West Hollywood. This fully remodeled five-unit multi-family features an excellent unit mix of two one-bedroom/one-bathroom units and three two-bedroom/one-bathroom units, with bright, spacious and modern interiors throughout. Ideally situated within walking distance of Whole Foods Market and the vibrant dining and shopping destinations along Santa Monica Boulevard and Fairfax Avenue, The Villas at Orange Grove offers residents an exceptional walkable lifestyle in one of Los Angeles' most desirable rental markets. Popular neighborhood destinations include Mamie Italian Kitchen, Hugo's, Pura Vita, and an array of cafes, boutiques, and local restaurants. The location also provides convenient access to the Sunset Strip, Beverly Grove, and surrounding West Hollywood and Hollywood neighborhoods. The financial profile is equally compelling. Offered at $2,195,000, the property generates approximately $169,800 in annual scheduled rental income and $108,272 in annual net operating income, reflecting an in-place 5% cap rate. Underwritten market rents indicate the potential to increase annual scheduled income to $193,200 and NOI to $127,106, supporting a projected 5.8% market cap rate, subject to verification of rental assumptions and operating expenses. Additional features include separately metered utilities and a distinctive Spanish-style exterior and landscaping that really enhances the property's curb appeal. With all five residences beautifully remodeled inside and out an attractive unit mix, and an exceptional walkable location near Whole Foods, popular restaurants, and neighborhood amenities, 1206 N. Orange Grove Avenue presents an appealing opportunity to acquire a quality five-unit multifamily asset with established income and potential future rental upside in a super prime West Hollywood location.
Location
Los Angeles, Los Angeles County, CA 90046
Open on Google Maps ↗Listed by: Dana Brody · Dana Brody
Listing information is provided courtesy of the Greater Antelope Valley Association of Realtors (GAVAR) and California Regional MLS (CRMLS). Information is deemed reliable but not guaranteed accurate by the MLS or by Mike Watson. All data, including square footage, lot size, room count, permits, and school assignment, should be independently verified. Properties shown may be listed by brokerages other than Keller Williams Realty. Listings are subject to prior sale, change, or withdrawal without notice.
Payment estimate
$17,088
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $219,500 · Loan: $1,975,500
Average 30-yr fixed rate 7.40% as of Oct 15, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $13,678
- Property tax (1.25%)
- $2,286
- Homeowners insurance
- $300
- Mortgage insurance
- $823
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Oct 15, 2026
- 30-year fixed
- 7.40%
- 15-year fixed
- 6.71%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Los Angeles home with as little as 3.5% down using an FHA loan — roughly $76,825 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
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Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor, Antelope Valley
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