1414 South Orange Drive
1414 South Orange Drive
$3,750,000
17
18
7,002
7,002
$536
Description
1414 S Orange Dr, a fantastic 5-unit investment property located in Mid City in Los Angeles, CA. This beautiful new construction cash-flowing property sits on a 0.16-acre lot with over $141,000 in capital improvements added in the past year. Some of the recent improvements include EV charging stations, nest thermostats, private yards and a new private fence line, enclosed garages, eco-friendly irrigation systems, brand-new LG washer/dryers, sliding glass doors, and beautifully designed landscaping....1414 S Orange Dr, a fantastic 5-unit investment property located in Mid City in Los Angeles, CA. This beautiful new construction cash-flowing property sits on a 0.16-acre lot with over $141,000 in capital improvements added in the past year. Some of the recent improvements include EV charging stations, nest thermostats, private yards and a new private fence line, enclosed garages, eco-friendly irrigation systems, brand-new LG washer/dryers, sliding glass doors, and beautifully designed landscaping. This property is being offered well below its previous sale price due to unforeseen circumstances from current ownership, providing a fantastic opportunity for a new buyer. The property features 5 spacious units and 7,002 square feet of living area in total. The property features (1) 3 bed 3.5 bath unit, (2) 4 bed 4.5 bath units, and (2) 3 bed 2 bath units across three separate structures. All of the units have been extensively upgraded and rented at market to strong tenants. 1414 S Orange Dr, nestled in a prime pocket of Mid City, offers strong Day 1 cash flow operating at 5.02% Cap Rate and 14.21 GRM.
- Listed by Jake Glaser • DRE #02128816 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.
Property Details for 1414 South Orange Drive
Zoning
LARD1.5
Parcel Number5070018007
Total Units5.0
Living Area7002
Source Living AreaDeveloper
AreaMid Los Angeles (C16)
Vacancy Rate0
Lot Size Area7004
Location
LISTING UPDATED: 04/16/2024 12:01 AM
Property Details for 1414 South Orange Drive
Status | Active |
---|---|
MLS # | 24-377541 |
Days on Market | 23 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 2022 |
Lot Size | 0.16 AC / 7,004 SF |
County | Los Angeles County |
Location
Building Information for 1414 South Orange Drive
Stories3Residences-Year Built2022Building Size-Lot Size0.16 AC / 7,004 SF
Payment Calculator
$24,547 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1414 South Orange Drive
Property History for 1414 South Orange Drive
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1414 South Orange Drive
Taxable ValueLand$2,040,000Additions$2,009,400Total$4,049,400
Tax Record2023$48,985 ($4,082 / month)
Home Facts
Total Finished SqFt2,203 SqFtAbove Grade Finished SqFt2,203 SqFtLot Size7,002 SqFtStyleDuplexYear Built1925ZoningLARD1.5CountyLOS ANGELESAPN5070-018-007
Schools near 1414 South Orange Drive
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Charter - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 6 to 8 |
Rating | School | Distance |
---|---|---|
Saturn Street Elementary School PublicK to 5 | ||
Emerson Community Charter School Charter6 to 8 | ||
Los Angeles Senior High School Public9 to 12 | ||
New Los Angeles Charter School Charter6 to 8 |
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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