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1114 S Orange Dr

Los Angeles, CA 90019
  • $1,499,000
  • STATUS: Active Under Contract
  • ON SITE: 153 Days
  • MLS #: 21-732974
Under Contract
UPDATED: 17 min ago
$1,499,000
  • 7
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,665
    SQFT
  • $265
    $/SQFT
Type:
Multi-Family
Built:
1941
County:

School Ratings & Info

Description

Location, Location, Location!!! **LOWEST PRICE PER SFT** The well-maintained property renovated in 2010 consists of two one-bedroom units, one four-bedroom unit and a one-bedroom additional unit. The 7,281 square foot lot + 5,065 square foot main building + a brand new 600 square foot one bedroom and one bathroom ADU has a total 5,665 square foot living area located within a highly desirable pocket of Mid-City Los Angeles. The property sits at HPOZ zoning and is a walking distance to La Brea Avenue providing convenient access to daily errands, retail and entertainment venues. The owner is in the process of completing the ADU and the CoFO will be delivered before the close of escrow. The continued gentrification of the surrounding area along with the remaining value add potential for a new owner to renovate the building to achieve superior future returns moving forward makes 1114 South Orange Drive an excellent investment opportunity.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-22T17:43:11.93. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.deserthouseseekers.com/homes/117480044
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1114 S Orange Dr Los Angeles, CA 90019

  • Price: $1,499,000
  • Status: Active Under Contract
  • Updated: 17 min ago
  • MLS #: 21-732974
7
Beds
0
Baths
0
½ Baths
0.17
Acres
5,665
SQFT
$265
$/SQFT
1941
Built
Neighborhood:
Beverly Center-Miracle Mile
County:
Los Angeles
Area:
Beverly Center-Miracle Mile
Property Description
Location, Location, Location!!! **LOWEST PRICE PER SFT** The well-maintained property renovated in 2010 consists of two one-bedroom units, one four-bedroom unit and a one-bedroom additional unit. The 7,281 square foot lot + 5,065 square foot main building + a brand new 600 square foot one bedroom and one bathroom ADU has a total 5,665 square foot living area located within a highly desirable pocket of Mid-City Los Angeles. The property sits at HPOZ zoning and is a walking distance to La Brea Avenue providing convenient access to daily errands, retail and entertainment venues. The owner is in the process of completing the ADU and the CoFO will be delivered before the close of escrow. The continued gentrification of the surrounding area along with the remaining value add potential for a new owner to renovate the building to achieve superior future returns moving forward makes 1114 South Orange Drive an excellent investment opportunity.
Exterior Features

Covered Parking 1 Entry Location Ground Level W/Steps Exterior Construction Stucco Levels Multi/Split Lot Size Area 7281 Other Structures Accessory Dwelling Unit Parking Garage Garage - 1 CarUncoveredParking Space Patio Features None Paved YN Yes Total Parking 1 View Description None View YN No

Interior Features

Bathroom Features Tile Baths Total 5.00 Common Walls Attached Cooking Appliances GasOven-GasRange Cooling CentralWall/WindowWall Unit(S) Equipment RefrigeratorRange/OvenStackable W/D Hookup Fireplace Rooms Living RoomDining Flooring HardwoodCarpet Heating CentralWallWall Gas Laundry Laundry Area Water Heater Features GasCentral Water Heater

Property Features

Alley YN No Gross Income 0 Gross Operating Income 0 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 0.00 Number Of Buildings 2 Number Of Units 4 Owner Pays Water Property Condition Updated/Remodeled Rent Control YN Yes Sale Type Standard Security Features Carbon Monoxide Detector(S)Leased Source Living Area Owner Source Lot Size Area Assessor Tenant Pays ElectricityGas Total Annual Expense 24875 Type Of Units Multi-Family Water Meter On Property Water Heaters YN Yes Year Built Source Assessor Zoning Lar2

Listing provided courtesy of Kevin Danialifar DRE#01904911 of Keller Williams Beverly Hills.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-22T17:43:11.93. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Zwemmer Realty Group | Keller Williams Realty
75486 Augusta Drive
Indian Wells CA, 92210