Active

1114 S Orange Dr

Los Angeles CA, 90019

$2,399,000


$423.40 per sqft

Active

6 Beds

5 Baths

5,666 sqft

Multi-family

Built in 1941

Prime Investment Opportunity in Mid-City Los Angeles. The location of this property is truly exceptional. Recently renovated in 2024, this well-maintained multi-unit property offers a rare combination of modern upgrades and strong rental potential. The property consists of two spacious 1-bedroom, 1-bath units, a fully remodeled 3-bedroom, 2-bath unit, and a newly constructed 1-bedroom, 1-bath ADU, totaling 5,665 square feet of living space on a 7,281-square-foot lot.The two 1-bedroom units are each over 1,250 square feet, offering the potential to convert into 2-bedroom units, further increasing rental income opportunities. The remodeled 3-bedroom unit, spanning over 2,500 square feet, feels more like a single-family home, making it especially attractive to renters seeking luxury and space. It features European-finish fixtures, quartz countertops with a kitchen island, a Viking stove, updated stainless steel appliances, recessed lighting, and a new washer/dryer. Additionally, all units are equipped with their own washer and dryer, enhancing tenant convenience and desirability. Tenants pay for gas and electricity, leaving the owner responsible only for water and common area maintenance, ensuring an efficient cost structure and maximizing cash flow. The property benefits from its strategic location in the highly desirable Mid-City neighborhood, surrounded by ongoing gentrification and growing demand. Positioned in an HPOZ-zoned area, it offers convenient access to La Brea Avenue, where residents enjoy proximity to retail, entertainment, and daily necessities. With the newly constructed ADU adding additional rental income and the opportunity for further renovations to enhance rents, 1114 South Orange Drive represents an unparalleled investment opportunity. The combination of a prime location, superior future rental returns, and the value-add potential makes this property a must-see for savvy investors looking to capitalize on Mid-City's thriving rental market.

24-455707

MLS ID

October 23, 2024

Listed

November 23, 2024

Updated

Map

1114 S Orange Dr
Los Angeles CA, 90019

Interior Features

Total Stories

2


Bedrooms

6


Total Bathrooms

5


Appliances

Dishwasher, Dryer


Floor Description

Stone, Laminate, Other, Mixed, Ceramic Tile


Fireplace

No


Cooling

Yes


Cooling Description

Central, Wall Unit(s)


Heating

Yes


Heating Description

Central, Wall

Exterior/Building Features

Lot Size

0.17 Acres


Architectual Style

Mediterranean

Other Property Details

Area Name

Beverly Center-Miracle Mile


Days on Market

32


Garage

Yes


Garage Spaces

2


Parking

Detached, Garage - 2 Car


Parking Total

6


View

No


County

Los Angeles


Pool

No


Zoning

LAR2

Listed by Jenny Um with eXp Realty of California Inc
Listing Contact: 213-923-9464 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Nick Hertz | CA DRE #1992715 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 11/23/2024

Powered byLuxury Presence