1245 South Orange Street
1245 South Orange Street
$2,450,000
16
8
7,680
7,680
$319
Sold 9/1/22
Description
Containing exclusively two-bedroom units, the property provides a new owner the chance to dramatically improve cash flow as current rents are approximately 62% below market level. In-place rents average only $1.66 per square foot, while similar apartments in the area are achieving $2.60-$2.79 per square foot. The property sits approximately one mile from both the upscale Americana at Brand shopping center and the recently remodeled Glendale Galleria. Situated near the intersection of Central Avenue...Containing exclusively two-bedroom units, the property provides a new owner the chance to dramatically improve cash flow as current rents are approximately 62% below market level. In-place rents average only $1.66 per square foot, while similar apartments in the area are achieving $2.60-$2.79 per square foot. The property sits approximately one mile from both the upscale Americana at Brand shopping center and the recently remodeled Glendale Galleria. Situated near the intersection of Central Avenue and San Fernando Road, tenants enjoy convenient access to Griffith Park, Los Feliz, the Greek Theatre, and the Los Angeles Zoo. The soon-to-be-completed multi-million dollar North Atwater East Bank Riverway Project, which would provide a 2.2-mile pathway and connect to the Los Angeles River bike path, is only one mile from the building.
- Listed by Roderick 'Rick' Raymundo • DRE #01357019 • Brokerage DRE #01240999 • Marcus & Millichap
- Listed by Oscar Diaz • DRE #02022902 • Brokerage DRE #01240999 • Marcus & Millichap
Property Details for 1245 South Orange Street
Zoning
GLR4YY
Parcel Number5640012017
Total Units8.0
Living Area7680
Source Living AreaVendor Enhanced
AreaGlendale-South of 134 Fwy (628)
Vacancy Rate1
Lot Size Area8482
Location
LISTING UPDATED: 05/05/2023 09:28 AM
Property Details for 1245 South Orange Street
Status | Sold |
---|---|
MLS # | 22-135585 |
Days on Market | 174 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1927 |
Lot Size | 0.19 AC / 8,482 SF |
County | Los Angeles County |
Location
Building Information for 1245 South Orange Street
Stories2Residences-Year Built1927Building Size-Lot Size0.19 AC / 8,482 SF
Payment Calculator
$15,673 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1245 South Orange Street
Property History for 1245 South Orange Street
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1245 South Orange Street
Taxable ValueLand$980,000Additions$1,470,000Total$2,450,000
Tax Record2023$27,627 ($2,302 / month)
Home Facts
Total Finished SqFt7,680 SqFtAbove Grade Finished SqFt7,680 SqFtLot Size8,499 SqFtStyleMulti-Family Res (5+ Units)Year Built1927ZoningGLR4YYCountyLOS ANGELESAPN5640-012-017
Schools near 1245 South Orange Street
This home is within Glendale Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 7 to 10 |
Rating | School | Distance |
---|---|---|
Cerritos Elementary School PublicK to 6 | ||
Theodore Roosevelt Middle School Public6 to 8 | ||
Glendale High School Public9 to 12 | ||
Jewel City Community Day School Public7 to 10 |
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.