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