$3,750,000
1414 Orange Drive, Los Angeles 90019
17
Beds
15
Baths
7,002
Square feet
7,004
Lot Size
5
# Of Units
Listing Agent
Jake Glaser - Lyon Stahl Investment Real Estate, Inc.1414 S Orange Dr, a fantastic 5-unit investment property located in Mid City in Los Angeles, CA. Appraised in February 2023 for $4,050,000!!! 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.
Facts & Features
MLS® # | 24377541 |
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Price | $3,750,000 |
Bedrooms | 17 |
Bathrooms | 15.00 |
Square Footage | 7,002 |
Lot Size | 7,004 |
Year Built | 2022 |
Type | Residential Income |
Status | Active |
# Of Units | 5 |
Community Information
Address | 1414 Orange Drive |
---|---|
Area | C16 - Mid Los Angeles |
City | Los Angeles |
County | Los Angeles |
Zip Code | 90019 |
Amenities
Parking Spaces | 12 |
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Parking | Private |
Garages | Private |
Is Waterfront | No |
Has Pool | No |
Interior
Appliances | Dishwasher, Microwave, Refrigerator, Dryer, Washer, Oven |
---|---|
Heating | Central |
Cooling | Central Air |
Has Basement | No |
Fireplace | No |
# of Stories | 3 |
Stories | Multi/Split |
Additional Information
Date Listed | April 8th, 2024 |
---|---|
Days on Market | 32 |
Zoning | LARD1.5 |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Jake Glaser |
---|---|
Office | Lyon Stahl Investment Real Estate, Inc. |