1089 South Orange Drive

Los Angeles, CA 90019

$1,595,000
Price
6
Beds
4
Baths
3,696 Sq. Ft.
$432 / Sq. Ft.
3,696
Sq. Ft.
$432
per Sq. Ft.

Description

This fourplex is located in a highly desirable Miracle Mile neighborhood. Less than 3 miles from Beverly Grove and 2 miles from Hancock Park. Located between San Vicente Blvd. and Olympic Blvd., consists of 4 units the main structure and detached parking garages, with 2 x two bedrooms and 2 x one bedrooms apartments complete with detached garage & Storage space in addition to a common courtyard. Separately metered for utilities. Built in 1950, the exterior of the building and 3 of the 4 units were...This fourplex is located in a highly desirable Miracle Mile neighborhood. Less than 3 miles from Beverly Grove and 2 miles from Hancock Park. Located between San Vicente Blvd. and Olympic Blvd., consists of 4 units the main structure and detached parking garages, with 2 x two bedrooms and 2 x one bedrooms apartments complete with detached garage & Storage space in addition to a common courtyard. Separately metered for utilities. Built in 1950, the exterior of the building and 3 of the 4 units were recently remodeled. Three of the units washer/dryer, electrical water heaters, hardwood/bamboo flooring, microwave, refrigerator, stove, oven and dishwasher as well as HVAC. Unit #3 can be delivered vacant for Owner-User. Potential to add ADUs
  1. Listed by Yair Haimoff • DRE #01414758 • Brokerage DRE #01414758 • Spectrum Commercial Real Estate, Inc.

Property Details for 1089 South Orange Drive

Zoning
LAR2
Parcel Number
5084012007
Total Units
4.0
Living Area
3696
Source Living Area
Vendor Enhanced
Area
Beverly Center-Miracle Mile (C19)
Vacancy Rate
0
Lot Size Area
9497

Location

Listing Courtesy of Spectrum Commercial Real Estate, Inc., Yair Haimoff, DRE #01414758
Add your commute
LISTING UPDATED: 04/03/2024 10:38 PM

Property Details for 1089 South Orange Drive

StatusActive
MLS #23-313613
Days on Market221
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1950
Lot Size0.22 AC / 9,497 SF
CountyLos Angeles County

Location

Listing Courtesy of Spectrum Commercial Real Estate, Inc., Yair Haimoff, DRE #01414758
Add your commute

Building Information for 1089 South Orange Drive

Stories-Residences-Year Built1950Building Size-Lot Size0.22 AC / 9,497 SF

Payment Calculator

$9,890 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,705

Property Taxes

$1,185

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1089 South Orange Drive

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: Fourplex
  • Water Heaters: Yes
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $79,380
  • Net Operating Income: $44,888.00
  • Gross Income: $79,380
  • Gross Rent Multiplier: $20.09
  • Actual Annual Gross Rent: $79,380.00
  • Owner Pays: Water, Gardener
  • Total Annual Expense: 34492
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.218
  • Lot Size Square Feet: 9497
Parking Details
Parking Details
  • Parking Garage: Detached
  • Total Parking: 4
  • Garage Spaces Total: 4
  • Attached Garage: No
  • Garage Structures Total: 2.0
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Central Air
  • Cooling Type: Air Conditioning, Central, Wall Unit(s)
  • Heating: Central
  • Heating Type: Central
  • Flooring: Mixed
  • Equipment: Dishwasher, Microwave, Refrigerator, Range/Oven
  • Room Kitchen Features: Stone Counters, Tile Counters
  • Kitchen Features: Counter Top, Stone Counters, Tile Counters
  • Laundry: In Unit
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-20-2023
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Electricity, Gas, Trash Collection
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $965.00
  • Unit Actual Rent: $965.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,775.00
  • Unit Actual Rent: $1,775.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,000.00
  • Unit Actual Rent: $2,000.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,875.00
  • Unit Actual Rent: $1,875.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $396,484.00
  • Assessed Improvement Percent: 35.77
  • Assessed Land Value: $712,063.00
  • Assessed Land Percent: 64.23
  • Assessed Total Value: $1,108,547.00

Property History for 1089 South 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 1089 South Orange Drive

Taxable ValueLand$726,304Additions$404,413Total$1,130,717
Tax Record2023$14,225 ($1,185 / month)
Home Facts
Total Finished SqFt3,696 SqFtAbove Grade Finished SqFt3,696 SqFtLot Size9,497 SqFtStyleQuadraplexYear Built1950ZoningLAR2CountyLOS ANGELESAPN5084-012-007

Schools near 1089 South Orange Drive

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

Our Community Charter School
CharterK to 8

Los Angeles Senior High School
Public9 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.

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1089 South Orange Drive is a multi-family home for sale in Los Angeles, CA 90019. This property was listed for sale on September 20, 2023 by Spectrum Commercial Real Estate, Inc., it's currently listed at $1,595,000. It has been on the market for a total of 221 days and was last sold on November 27, 2012. This listing's school district is Los Angeles Unified School District. Nearby schools include Wilshire Crest Elementary School, Our Community Charter School and Los Angeles Senior High School. 1089 South Orange Drive is a 6-bed, 4-bath, 3,696 sqft multi-family home built in 1950.

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 Spectrum Commercial Real Estate, Inc., Yair Haimoff, DRE #01414758

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.