1201 S Orange Grove Ave Case Study
Mid-Wilshire, Los Angeles, CA
The Opportunity
1201 S. Orange Grove Avenue was a value-add, 5-unit, rent-controlled apartment building in the prime Mid-Wilshire area, facing structural deferred maintenance, minimal parking, and rents well under market.
The Solution
We repositioned the property as a value-add opportunity rather than emphasizing its current limitations, generating strong buyer interest and multiple offers that preserved the seller’s negotiating leverage.
The Results
The property sold at full asking price on an accelerated timeline, with both sides satisfied by the process and terms.
See the full closed sale record for 1201 S Orange Grove Ave.
If You Are in a Similar Situation
Selling a value-add or rent-controlled building
Buildings with below-market rents and deferred work sell differently from fully renovated ones, and the rent rules shape what buyers will pay. Start with our guides to selling with tenants under rent control, the 2026 AB 1482 rent cap, and how buyers value an apartment building.
Selling a long-held family building
Families who have owned a building for decades often want privacy and a plan that respects the tenants. Read about selling off-market vs. listing openly and our page on trust and estate sales.
Frequently Asked Questions
How much did 1201 S Orange Grove Ave sell for?
1201 S Orange Grove Ave (Mid-Wilshire, Los Angeles, CA) sold for $1,650,000. The building has 5 units, or about $330,000 per unit, and about $316 per square foot of building area.
What happened in the sale of 1201 S Orange Grove Ave?
A 5-unit Mid-Wilshire building with structural issues and low parking sold at full price on an accelerated timeline.
Can Highlight help me sell a similar building?
Yes. We advise apartment owners across the Los Angeles area on sales, 1031 exchanges, and trust and probate sales. Start with a free, confidential Broker Opinion of Value, or see our other case studies and closed sales.