
802 S Orange Grove Ave & 6022 W 8th St
Well-located asset near The Grove with ADU potential and ancillary income streams
Marketing description
Set within one of Los Angeles’ most established Westside multifamily corridors, 802 S Orange Grove Ave & 6022 W 8th St is an eight-unit asset in the Miracle Mile neighborhood. The property benefits from immediate proximity to some of the city’s most sought-after retail, dining, and cultural destinations, including The Grove, The Original Farmers Market, Museum Row, the La Brea Tarpits and other attractions. The newly opened Metro D line is only one block away. The property consists of eight residential units complemented by six on-site garages, which provide a current separate and consistent income stream. Additionally, the asset features a centralized laundry room, further enhancing supplemental income while improving tenant convenience. The combination of in-place rental income and ancillary revenue streams offers stable day-one cash flow. From an investment perspective, the asset presents a compelling opportunity with both current income and significant future upside. New ownership can capitalize on rental growth potential, ADU development opportunities, and further optimization of garage and laundry income. With strong demand for housing in Miracle Mile and continued neighborhood growth driven by transit expansion and retail demand, 802 S Orange Grove Ave & 6022 W 8th St offers investors a well-positioned asset with meaningful long-term appreciation and income growth potential.
802 S Orange Grove Ave & 6022 W 8th St is an eight-unit multifamily asset located in the highly desirable Miracle Mile neighborhood of Los Angeles. The property benefits from immediate proximity to some of the city’s most sought-after retail, dining, and cultural destinations, including The Grove, The Original Farmers Market, Museum Row, the La Brea Tarpits and other attractions. The newly open metro D-line stop is less than one block away.
The property consists of eight residential units complemented by six on-site garages, which provide a current separate and consistent income stream. Additionally, the asset features a centralized laundry room, further enhancing supplemental income while improving tenant convenience. The combination of in-place rental income and ancillary revenue streams offers stable day-one cash flow.
From an investment perspective, the asset presents a compelling opportunity with both current income and significant future upside. New ownership can capitalize on rental growth potential, ADU development opportunities, and further optimization of garage and laundry income. With strong demand for housing in Miracle Mile and continued neighborhood growth driven by transit expansion and retail demand, 802 S Orange Grove Ave & 6022 W 8th St offers investors a well-positioned asset with meaningful long-term appreciation and income growth potential.
802 S Orange Grove Ave & 6022 W 8th St is ideally situated in the heart of Miracle Mile, one of Los Angeles’ most vibrant and centrally located neighborhoods. The area is known for its cultural attractions, walkability, and accessibility to major employment hubs.
Residents enjoy close proximity to some of the city’s most iconic destinations, including The Grove, The Original Farmers Market, LACMA, and the Petersen Automotive Museum, along with everyday conveniences such as Trader Joe’s, Whole Foods, and other grocery stores, banks, pharmacies, cafes and restaurants. The property also benefits from being located one block from the newly open metro D-line, further enhancing connectivity to Downtown Los Angeles, Beverly Hills, and the Westside.
With its central location, strong retail corridor, and continued infrastructure improvements, Miracle Mile remains a highly desirable rental market attracting a diverse tenant base and supporting long-term demand for well-located multifamily assets.
Investment highlights
- Prime Miracle Mile Location Positioned in one of Los Angeles' most desirable and centrally located neighborhoods, known for strong rental demand and long-term growth.
- Walkable to Major Retail & Cultural Destinations - Steps from The Grove, The Original Farmers Market, LACMA, the Petersen Automotive Museum, the Academy Museum of Motion Pictures, Trader Joe's, Whole Foods, and a new Metro subway stop opening nearby.
- 8-Unit Multifamily Asset with Strong In-Place Income Stable residential income supported by a high-demand rental location with significant upside in existing rents.
- Additional Income from Six Garages Six on-site garages currently provide a separate and consistent ancillary revenue stream.
- Centralized laundry room offers tenant convenience while On-Site Laundry Facility generating additional passive income.
- ADU Potential Opportunity to further increase income through the addition of accessory dwelling units (buyer to verify).
- Operational Upside Potential to increase overall cash flow through rental adjustments and optimization of ancillary income streams.
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