1414 Orange Drive, Los Angeles

$3,750,000

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17 Beds
15 Baths
7,002 Sqft
.16 Acre
0 Garage

1414 S Orange Dr, a fantastic 5-unit investment property located in Mid City in Los Angeles, CA. Appraised in February 2023 for $4,050,000!!! 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.

Essential Information

MLS® #
24377541
Price
$3,750,000
Bedrooms
17
Bathrooms
15.00
Square Footage
7,002
Acres
0.16
Year Built
2022
Type
Residential Income
Status
Active

Community Information

Address
1414 Orange Drive
Area
C16 - Mid Los Angeles
City
Los Angeles
County
Los Angeles
Zip Code
90019
Senior Community
N

Amenities

Parking Spaces
12
Parking
Private
Garages
Private

Interior

Heating
Central
Cooling
Central Air
# of Stories
3
Stories
Multi/Split

Appliances

Dishwasher, Microwave, Refrigerator, Dryer, Washer, Oven

Additional Information

Date Listed
April 8th, 2024
Days on Market
39
Zoning
LARD1.5

Listing Details

Agent
Jake Glaser

Office

Lyon Stahl Investment Real Estate, Inc.

Property History
Price Increased from $3,675,000 to $3,750,000

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Buyer's Agent

Jeremiah Moersch REALTOR®

Office: 760-533-2540
Listing Agent
Jake Glaser - Lyon Stahl Investment Real Estate, Inc.

Based on information from California Regional Multiple Listing Service, Inc. as of May 17th, 2024 at 2:35am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.