About 1858 S Orange Drive
Outstanding investment opportunity in the heart of Los Angeles! Off of W. Washington Blvd & La Brea Ave - this 8-unit property offers a unique chance for both seasoned investors and newcomers to the market to capitalize on a coveted neighborhood with immense potential. Opportunity for long-term appreciation in a market poised for equity. The Mid-City submarket is experiencing significant growth, with various development projects underway that promise to enhance property values and rental demand. Exciting nearby developments include mixed-use buildings and residential complexes - drawing capital expenditures and infrastructure investment. The property’s strategic location adds to its appeal. Situated in the vibrant West Adams/Mid-City district, this property enjoys proximity to a wealth of amenities, freeway access, and public transportation. Lively atmosphere filled with restaurants, cafes, and shops—all within walking distance. The area’s rich scene, highlighted by historic landmarks and community events, makes it an attractive location. Notable nearby attractions, provide entertainment and dining options that cater to various tastes. The surrounding area is known for its strong sense of community, making this property a sound investment for those looking to build equity over time, or capitalize early over the wave of growth Los Angeles’ 2028 Olympics is bringing. This submarket continues to attract renters, buyers, builders, and developers, driven by its central location and diverse lifestyle offerings.
Features of 1858 S Orange Drive
| MLS® # | DW24207518 |
|---|---|
| Price | $1,900,000 |
| Bedrooms | 5 |
| Bathrooms | 3.00 |
| Lot Size | 6,743 |
| Year Built | 1928 |
| Type | Residential Income |
| Sub-Type | Mixed Use |
| Style | Custom, Spanish |
| Status | Active |
| # Of Units | 8 |
Community Information
| Address | 1858 S Orange Drive |
|---|---|
| Area | C17 - Mid-Wilshire |
| City | Los Angeles |
| County | Los Angeles |
| Zip Code | 90019 |
Amenities
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Parking Spaces | 7 |
| Parking | Electric Gate |
| Garages | Electric Gate |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Interior | Carpet, Laminate, Tile, Vinyl |
|---|---|
| Heating | Wall Furnace |
| Cooling | None |
| Has Basement | No |
| Fireplace | No |
| Fireplaces | None |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Exterior | Asphalt, Drywall, Other, Concrete |
|---|---|
| Exterior Features | Rain Gutters |
| Lot Description | ZeroToOneUnitAcre, Corner Lot, Front Yard, Landscaped, Paved |
| Windows | Insulated Windows, Screens |
| Roof | Common Roof, Flat, Flat Tile, Mixed, Other, Spanish Tile |
| Construction | Asphalt, Drywall, Other, Concrete |
| Foundation | Slab |
Additional Information
| Date Listed | October 5th, 2024 |
|---|---|
| Days on Market | 522 |
| Zoning | LARD1.5 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Leonardo Aguilar |
|---|---|
| Office | Divinus Real Estate Solutions |
