Active
1414 S Orange Dr
Los Angeles CA, 90019
$3,750,000
$535.56 per sqft
Active
17 Beds
7,002 sqft
Residential
Built in 2022
1414 S Orange Dr, a fantastic 5-unit investment property located in Mid City in Los Angeles, CA. This beautiful new construction cash-flowing property sits on a 0.16-acre lot with over $141,000 in capital improvements added in the past year. Some of the recent improvements include EV charging stations, nest thermostats, private yards and a new private fence line, enclosed garages, eco-friendly irrigation systems, brand-new LG washer/dryers, sliding glass doors, and beautifully designed landscaping. This property is being offered well below its previous sale price due to unforeseen circumstances from current ownership, providing a fantastic opportunity for a new buyer. The property features 5 spacious units and 7,002 square feet of living area in total. The property features (1) 3 bed 3.5 bath unit, (2) 4 bed 4.5 bath units, and (2) 3 bed 2 bath units across three separate structures. All of the units have been extensively upgraded and rented at market to strong tenants. 1414 S Orange Dr, nestled in a prime pocket of Mid City, offers strong Day 1 cash flow operating at 5.02% Cap Rate and 14.21 GRM.
24-377541
MLSⓇ ID
April 8, 2024
Listed
April 16, 2024
Updated
Map
1414 S Orange Dr
Los Angeles CA, 90019
Interior Features
Total Stories
3
Bedrooms
17 Beds
Appliances
Refrigerator, Stackable W/D Hookup, Microwave, Dishwasher, Ice Maker, Range/Oven, Washer, Dryer
Laundry Description
In Unit
Fireplace
No
Cooling
Yes
Cooling Description
Central
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.16 Acres
Other Property Details
Area Name
Mid Los Angeles
Days on Market
8
Garage
Yes
Parking
Electric Vehicle Charging Station(s), Private Garage
Parking Total
12
View
No
County
Los Angeles
Pool
No
Zoning
LARD1.5
Listing History
Date | Event | Price |
---|---|---|
4/9/2024 | Price Change | $3,750,000 2% |
Listed by Jake Glaser with Lyon Stahl Investment Real Estate, Inc.
Listing Contact: 310-230-5157
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Highland Premiere Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 4/16/2024