1301 North Orange Drive

Los Angeles, CA 90028

$1,395,000
Price
6
Beds
3
Baths
2,623 Sq. Ft.
$532 / Sq. Ft.
2,623
Sq. Ft.
$532
per Sq. Ft.

Description

Remarks : Duplex with Three units 1922 Courtyard Cottages with much charm and character, ideal for owner occupant to live in a great area. Near WeHo, minutes from Larchmont and Hollywood, and have significant rental income. Third unit is above the Garage , with patio and yard. Very very charming with much character! All units are Tenant occupied. Front house 1301 to 1303 . Built in 1922, this property contains a great unit mix of two (2) 2-bedroom / one-bathroom units and (1)unit 709 one- bedroom...Remarks : Duplex with Three units 1922 Courtyard Cottages with much charm and character, ideal for owner occupant to live in a great area. Near WeHo, minutes from Larchmont and Hollywood, and have significant rental income. Third unit is above the Garage , with patio and yard. Very very charming with much character! All units are Tenant occupied. Front house 1301 to 1303 . Built in 1922, this property contains a great unit mix of two (2) 2-bedroom / one-bathroom units and (1)unit 709 one- bedroom unit one bth. Inside with accepted offer only. The units are well-maintained with each unit having in-unit washers and dryers or a dedicated washer and dryer PLEASE DO NOT DISTURB OCCUPANTS. All offers subject to interior inspection. Zoned LAR3 . Prime... Prime... Prime... Future development opportunity. Attention Builders and Developers. Significant Development potential: Exchange Buyers welcomed. . Buyer is advised to independently verify the accuracy of all information through personal inspection with appropriate professionals. Listing Agent doesn't guarantee the accuracy of square footage, bed/bath count, permit info, descriptions herein or other info regarding the conditions and features of the property.
  1. Listed by Richard M Chernock • DRE #01369553 • Brokerage DRE #01854200 • KW Advisors

Property Details for 1301 North Orange Drive

Zoning
LAR3
Style
California Bungalow
Cross Streets
N. Orange and Fountain
Accessibility Features
None
Parcel Number
5548023014
Total Units
3.0
Living Area
2623
Source Living Area
Vendor Enhanced

Location

Listing Courtesy of KW Advisors, Richard M Chernock, DRE #01369553
Add your commute
LISTING UPDATED: 05/05/2024 12:01 AM

Property Details for 1301 North Orange Drive

StatusActive
MLS #24-385137
Days on Market20
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1922
Lot Size0.13 AC / 5,741 SF
CountyLos Angeles County

Location

Listing Courtesy of KW Advisors, Richard M Chernock, DRE #01369553
Add your commute

Building Information for 1301 North Orange Drive

Stories-Residences-Year Built1922Building Size-Lot Size0.13 AC / 5,741 SF

Payment Calculator

$7,961 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,613

Property Taxes

$348

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1301 North Orange Drive

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: apartments
  • Security Features: Gated
  • Direction Faces: West
  • Water: District, Water District, Meter on Property
  • Sewer: In Connected and Paid, In Street Paid
  • Water Heaters: Yes
  • Water Heater Features: Water Heater Unit
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash To New Loan
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $8,186,400
  • Net Operating Income: $79,408.00
  • Gross Income: $8,186,400
  • Cap Rate: 3.65%
  • Gross Rent Multiplier: $14.59
  • Actual Annual Gross Rent: $81,864.00
  • Actual Rent Total: $81,864.00
  • Financial Info as Of: 04/26/2024
  • Total Annual Expense: 38731.
Land / Lot Info
Land / Lot Info
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.1318
  • Lot Size Square Feet: 5741
  • Lot Description: Fenced Yard
Parking Details
Parking Details
  • Parking Garage: Garage
  • Total Parking: 3
  • Covered Parking: 3
  • Garage Spaces Total: 3
  • Parking Features: Garage
  • Garage Structures Total: 2.0
Interior Features
Interior Features
  • Room Type: Living Room
  • Rooms: Breakfast Area, Living Room
  • Levels: One
  • Fireplace Features: Living Room, Bath, Kitchen, Primary Bedroom
  • Fireplace Rooms: Living Room, Bath, Kitchen, Master Bedroom
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Central
  • Heating Type: Central
  • Equipment: Cable, Dishwasher, Dryer, Electric Dryer Hookup, Washer
  • Room Bathroom Features: Low Flow Shower, Low Flow Toilet(s)
  • Bathroom Features: Shower Over Tub, Low Flow Shower(s), Low Flow Toilet(s)
  • Bedroom Features: Main Floor Bedroom
  • Cooking Appliances: Oven, Gas
  • Laundry: In Unit
  • Disability Access: None
  • TV Services: Cable TV
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Composition
  • Entry Location: Ground Level w/steps
  • New Construction: No
  • Exterior Construction: Hard Coat
  • Foundation Details: Combination
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-27-2024
  • Listing Terms: Cash To New Loan
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Cable TV, Electricity, Gas, Water
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,454.00
  • Unit Actual Rent: $2,454.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,496.00
  • Unit Actual Rent: $2,496.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,872.00
  • Unit Actual Rent: $1,872.00
  • Unit Projected Rent: $1,995.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
  • Number Leased: 3
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $90,537.00
  • Assessed Improvement Percent: 29.65
  • Assessed Land Value: $214,854.00
  • Assessed Land Percent: 70.35
  • Assessed Total Value: $305,391.00

Property History for 1301 North Orange Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1301 North Orange Drive

Taxable ValueLand$214,854Additions$90,537Total$305,391
Tax Record2023$4,177 ($348 / month)
Home Facts
Total Finished SqFt2,623 SqFtAbove Grade Finished SqFt2,623 SqFtLot Size5,739 SqFtStyleTriplexYear Built1922ZoningLAR3CountyLOS ANGELESAPN5548-023-014

Schools near 1301 North Orange Drive

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 12
Rating
School
Distance
Gardner Street Elementary School
PublicK to 5

Hubert Howe Bancroft Middle School
Public6 to 8

Hollywood Senior High School
Public9 to 12

Larchmont Charter School
CharterK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

1301 North Orange Drive is a multi-family home for sale in Los Angeles, CA 90028. This property was listed for sale on April 27, 2024 by KW Advisors, it's currently listed at $1,395,000. It has been on the market for a total of 20 days and was last sold on May 18, 2021. This listing's school district is Los Angeles Unified School District. Nearby schools include Gardner Street Elementary School, Hubert Howe Bancroft Middle School and Hollywood Senior High School. 1301 North Orange Drive is a 6-bed, 3-bath, 2,623 sqft multi-family home built in 1922.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KW Advisors, Richard M Chernock, DRE #01369553

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.