1414 South Orange Drive

Los Angeles, CA 90019

$3,750,000
Price
17
Beds
18
Baths
7,002 Sq. Ft.
$536 / Sq. Ft.
7,002
Sq. Ft.
$536
per Sq. Ft.

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.
  1. 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 Number
5070018007
Total Units
5.0
Living Area
7002
Source Living Area
Developer
Area
Mid Los Angeles (C16)
Vacancy Rate
0
Lot Size Area
7004

Location

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Jake Glaser, DRE #02128816
Add your commute
LISTING UPDATED: 04/16/2024 12:01 AM

Property Details for 1414 South Orange Drive

StatusActive
MLS #24-377541
Days on Market23
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2022
Lot Size0.16 AC / 7,004 SF
CountyLos Angeles County

Location

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Jake Glaser, DRE #02128816
Add your commute

Building Information for 1414 South Orange Drive

Stories3Residences-Year Built2022Building Size-Lot Size0.16 AC / 7,004 SF

Payment Calculator

$24,547 per month

30 year fixed, 7.25% Interest

Principal and Interest

$20,465

Property Taxes

$4,082

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1414 South Orange Drive

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Builder
  • Number Of Stories: 3
  • Number Of Buildings: 3
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $256,022
  • Net Operating Income: $189,091.00
  • Gross Income: $263,940
  • Cap Rate: 5.15%
  • Gross Rent Multiplier: $13.92
  • Total Annual Expense: 66931
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1608
  • Lot Size Square Feet: 7004
Parking Details
Parking Details
  • Parking Garage: Electric Vehicle Charging Station(s), Private Garage
  • Total Parking: 12
  • Parking Features: Private
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: Refrigerator, Stackable W/D Hookup, Microwave, Dishwasher, Ice Maker, Range/Oven, Washer, Dryer
  • Cooking Appliances: Microwave, Oven, Gas
  • Laundry: In Unit
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-08-2024
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,850.00
  • Unit Actual Rent: $3,850.00
  • Unit Projected Rent: $4,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $4,000.00
  • Unit Actual Rent: $4,000.00
  • Unit Projected Rent: $4,000.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 4
  • Unit Furnished: No
  • Unit Rent: $4,500.00
  • Unit Actual Rent: $4,500.00
  • Unit Projected Rent: $4,700.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 4
  • Unit Baths: 5
  • Unit Furnished: No
  • Unit Rent: $4,750.00
  • Unit Actual Rent: $4,750.00
  • Unit Projected Rent: $5,200.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 4
  • Unit Baths: 5
  • Unit Furnished: No
  • Unit Rent: $4,895.00
  • Unit Actual Rent: $4,895.00
  • Unit Projected Rent: $5,200.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $2,009,400.00
  • Assessed Improvement Percent: 49.62
  • Assessed Land Value: $2,040,000.00
  • Assessed Land Percent: 50.38
  • Assessed Total Value: $4,049,400.00

Property History for 1414 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 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.

Similar Homes

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Similar Sold Homes

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1414 South Orange Drive is a multi-family home for sale in Los Angeles, CA 90019. This property was listed for sale on April 8, 2024 by Lyon Stahl Investment Real Estate, Inc., it's currently listed at $3,750,000. It has been on the market for a total of 23 days and was last sold on May 17, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Saturn Street Elementary School, Emerson Community Charter School and Los Angeles Senior High School. 1414 South Orange Drive is a 17-bed, 18-bath, 7,002 sqft multi-family home built in 2022.

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 Lyon Stahl Investment Real Estate, Inc., Jake Glaser, DRE #02128816

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.