Active
1414 S Orange Drive
Los Angeles CA, 90019
$3,750,000
$535.56 per sqft
Active
17 Beds
18 Baths
7,002 sqft
Residential
Built in 2022
Listed by Jake Glaser with Lyon Stahl Investment Real Estate, Inc. 310-425-9838
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.
24377541
MLSⓇ ID
April 8, 2024
Listed
April 16, 2024
Updated
Map
1414 S Orange Drive
Los Angeles CA, 90019
Interior Features
Total Stories
3
Bedrooms
17 Beds
Bathrooms
18 Baths
Appliances
Dishwasher, Microwave, Oven, Refrigerator, Dryer, Washer
Laundry Description
Stacked
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.16 Acres
Other Property Details
Area Name
C16 - Mid Los Angeles
Days on Market
8
Garage
No
Parking
Private
Parking Total
12
View
No
County
Los Angeles
Pool
No
Zoning
LARD1.5
Buyer Agency Compensation
2%
Listing History
Date | Event | Price |
|---|---|---|
4/9/2024 | Price Change | $3,750,000 2% |
Listing Contact: 310-425-9838
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 4/16/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.
Data last updated on 4/16/2024 at 2:12 PM UTC