1114 S Orange Drive
Los Angeles, CA 90019
- – beds
- – baths
- – sqft
- 7,284 sqft lot
- 1941 build
- – on site
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.
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Last updated Nov 23, 2024
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MLS# 24455707 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1941
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New Construction:No
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Architectural Style:Mediterranean
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Building Area Total:5666.00
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# of Buildings:2
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Total Number Of Units:4
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Stories Total:2
Interior
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Levels:One
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Flooring:Stone, Laminate
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Laundry:Dryer Included
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Laundry:1
Location
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Directions:La Brea and Olympic
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Latitude:34.05371100
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Longitude:-118.34437400
The Property
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Property Type:Residential Income
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Zoning:LAR2
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Lot Size Area:7284.0000
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Lot Size Acres:0.1672
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Lot Size SqFt:7284.00
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5084020008
Heating & Cooling
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Heating:1
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Heating:Central, Wall Furnace
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Cooling:Yes
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Cooling:Central Air
Appliances
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Appliances:Dishwasher
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Included:Yes
The Community
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Senior Community:No
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Association:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Garage - Two Door
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Parking Spaces:6.00
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Garage Spaces:2.00
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Uncovered Spaces:4.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
10/23/24
Oct 23, 2024
|
Listed / Active | CRMLS_CA | $2,399,000 | 59.9% (20.5% / YR) |
|
11/23/21
Nov 23, 2021
|
CRMLS_CA | $1,500,000 | 0.1% | |
|
8/13/21
Aug 13, 2021
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CRMLS_CA | $1,499,000 |
