1047-53 South Orange Grove is a meticulously restored 1933 classic Mediterranean multi-family property located in a prime Miracle Mile location, just south of Olympic Blvd. and East of Fairfax Avenue. in 90019. This rare and beautiful twelve unit property has an excellent unit mix of (8) 1 BR + 1 Bath and (4) 2 BR + 1 bath units. The property is receiving strong rental income but there is upside in the rents, creating a value-add opportunity for new ownership. The property is accessed through a gated courtyard with a bubbling fountain and beautiful verdant gardens. Seven of the twelve units have been carefully restored and come with designer finishes and central air. The entire building has also received extensive renovations with new gated entry, rebuilt parking structure, new plumbing and an updated foundation. The property comes with 12 garage parking spaces. This courtyard multi-family asset is situated on two large parcels that total 15,962 SqFt. The size of the property is approximately 11,880 SqFt, Zoned LAR3 and was originally constructed in 1933. This properties exceptional location is a short distance to the new Metro Station at Wilshire and Fairfax. It's prime location provides its tenants easy access to the Grove Shopping Center, Beverly Hills, and numerous entertainment and dining venues.