$1,585,000
2622 Orange Drive, Los Angeles 90016
9
Beds
5
Baths
3,764
Square feet
4,800
Lot Size
4
# Of Units
Listing Agent
Armin Soleimani - Global Platinum Properties, Inc.For sale: Recently Reduced 4-Unit Property in West Adams. This property presents an opportunity to acquire four spacious units with the potential for increased rental revenue. Of the four units, three have been recently renovated, and one remains vacant in impeccable condition. The unit mix comprises one 3-bedroom, 2-bath unit and three 2-bedroom, 1.5-bath units. The property offers ample onsite parking and the potential to convert the parking spaces beneath the building into ADUs (Accessory Dwelling Units), a popular option in the Mid City/West Adams area. Furthermore, this property is situated in an Opportunity Zone, representing a compelling investment opportunity. The presence of a vacant unit may appeal to potential FHA buyers, and investors have the option to lease it at market rents.
Facts & Features
| MLS® # | 24385755 |
|---|---|
| Price | $1,585,000 |
| Bedrooms | 9 |
| Bathrooms | 5.00 |
| Square Footage | 3,764 |
| Lot Size | 4,800 |
| Year Built | 1966 |
| Type | Residential Income |
| Style | Traditional |
| Status | Active |
| # Of Units | 4 |
Community Information
| Address | 2622 Orange Drive |
|---|---|
| Area | C16 - Mid Los Angeles |
| City | Los Angeles |
| County | Los Angeles |
| Zip Code | 90016 |
Amenities
| Parking Spaces | 4 |
|---|---|
| Parking | Covered |
| Garages | Covered |
| View | None |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Laminate |
|---|---|
| Interior Features | Ceiling Fan(s) |
| Appliances | Refrigerator |
| Heating | Wall Furnace |
| Has Basement | No |
| Fireplace | No |
| Fireplaces | None |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Lot Description | Front Yard |
|---|---|
| Windows | Double Pane Windows |
Additional Information
| Date Listed | April 29th, 2024 |
|---|---|
| Days on Market | 32 |
| Zoning | LARD1.5 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Armin Soleimani |
|---|---|
| Office | Global Platinum Properties, Inc. |